WA Public Adjuster Practice Questions - Washington Public Adjuster Exam

A Washington public adjuster receives settlement funds on behalf of a policyholder. What is their obligation?

Account for all funds received, maintain them in a separate escrow account, and promptly disburse to the policyholder Deposit the funds into their personal account Hold the funds indefinitely until the policyholder requests them Deduct their fee and keep the remainder as a bonus

Correct Answer:

Account for all funds received, maintain them in a separate escrow account, and promptly disburse to the policyholder

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