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Premium trust account rules, by state

Every US jurisdiction requires producers to hold premium funds in a fiduciary capacity. What differs is the citation, the wording of the duty, and what happens when it's breached.

Transcribed from NAIC, Fiduciary Responsibilities—Premiums (Model Laws, Regulations, Guidelines and Other Resources, Spring 2025). Each jurisdiction below shows that chart's own last-reviewed date.

Premium trust account citations by jurisdiction
JurisdictionCitationReviewed
Alabama§§ 27-7-19; 27-7-36 to 27-7-37; 27-6A-42/25
Alaska§§ 21.27.360; 21.27.6202/25
Arizona§§ 20-311.02; 20-2952/25
Arkansas§§ 23-64-216; 23-64-223; 23-64-4042/25
CaliforniaIns. § 17332/25
Colorado§§ 10-2-704; 10-2-801; 10-2-8042/25
Connecticut§§ 38a-712; 38a-774; 38a-90c2/25
Delaware18 Del.C. §§ 1706; 17122/25
District of Columbia§§ 31-1503; 31-1131.122/25
Florida§§ 626.571; 626.611; 626.681; 626.692; 626.74512/25
Georgia§§ 33-23-35; 33-47-42/25
Hawaii§§ 431:9-230; 431:9-235; 431:9-238; 431:9C-1032/25
Idaho§§ 41-1016; 41-10242/25
Illinois215 ILCS 5/500-70; 5/500-115; 5/141a2/25
Indiana§ 27-1-15.6-122/25
Iowa§§ 510.17; 510.8; 510.52/25
Kansas§ 40-2472/25
Kentucky§§ 304.9-400; 304-9-440; 304.99-0202/25
Louisiana§§ 22:1554; 22:15642/25
Maine24-A M.R.S.A. §§ 1417; 1449; 1420-K2/25
MarylandIns. §§ 10-126; 8-208; COMAR 31.03.03.01 to 31.03.03.062/25
Massachusetts§§ 175:162R; 175:176; 175:177I2/25
Michigan§§ 500.1207; 500.1239; 500.1244; 500.14092/25
Minnesota§§ 60K.43; 60K.46; 45.027; 60H.042/25
Mississippi§§ 83-17-64; 83-18-107; 83-17-712/25
Missouri§§ 375.051; 375.141; 375.146; 375.1492/25
Montana§§ 33-1-317; 33-17-1001; 33-17-1102; 33-2-16022/25
Nebraska§§ 44-4059; 44-319; 44-49042/25
Nevada§§ 683A.400; 683A.451; 683A.4902/25
New Hampshire§§ 402:50; 402:532/25
New JerseyN.J.A.C. 11:17C-2.1; N.J.S.A. 17:22A-40; 17:22A-452/25
New Mexico§§ 59A-11-14; 59A-12-22; 59A-12B-42/25
New YorkIns. §§ 2110; 2120; 21272/25
North Carolina§§ 58-33-46; 58-33-120; 11 N.C. Admin.Code Rule 4.03142/25
North Dakota§§ 26.1-26.3-03; 26.1-27-08; 26.1-26-42; 26.1-26-502/25
Ohio§§ 3905.73; 3905.142/25
Oklahoma36 Okl.St.Ann. §§ 1435.13; 1435.13a; 14742/25
Oregon§§ 744.074; 744.0832/25
Pennsylvania40 P.S. §§ 310.96; 324.9; 310.11; 310.42; 31 Pa. Code § 37.472/25
Puerto Rico26 L.P.R.A. §§ 952h; 953f; 953i2/25
Rhode Island§§ 27-2.4-14; 27-2.4-19; 42-14-162/25
South Carolina§§ 38-43-130; 38-43-240; 38-2-102/25
South Dakota§§ 58-30-88 to 58-30-89; 58-30-167; 58-4-28.12/25
Tennessee§§ 56-6-112; 56-6-1162/25
TexasI.C. §§ 4005.101 to 4005.102; 4005.153; 4053.106; 4053.1512/25
U.S. Virgin Islands22 V.I.C. §§ 776; 778; 782; 7722/25
Utah§§ 31A-23a-409; 31A-23a-111; 31A-23a-6022/25
Vermont8 V.S.A. §§ 4804; 4724; 47262/25
Virginia§§ 38.2-218; 38.2-1813; 38.2-1831; 38.2-13602/25
Washington§§ 48.17.480; 48.17.530; 48.17.560; 48.98.0152/25
West Virginia§§ 33-37-3; 33-12-242/25
WisconsinIns. 42.032/25
Wyoming§§ 26-1-107; 26-9-229; 26-9-211; 26-46-1032/25

This reference is not legal advice. Citations and summaries are transcribed from the NAIC's Fiduciary Responsibilities—Premiums chart (Spring 2025) and reflect that chart's own review dates, which vary by jurisdiction. Statutes change, and the chart may lag the current code. Confirm the current text of any provision with the jurisdiction's insurance department or your own counsel before relying on it.

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