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Regulation · Vermont

Trust Accounts (Anti-comingling)

Vermont Regulation 95-1

Publisher
Vermont Department of Financial Regulation
Edition
Effective October 1, 1996
Last checked
2026-09-25
Status
US state administrative regulation
Edition and licensing notes

Publisher. Vermont Department of Financial Regulation (formerly Department of Banking, Insurance, Securities & Health Care Administration)

Status. US state administrative regulation; public domain.

Read the official textPractice questions from this source

What this document is

Vermont Regulation 95-1 - Trust Accounts (Anti-comingling) is a regulation published by Vermont Department of Financial Regulation (formerly Department of Banking, Insurance, Securities & Health Care Administration). It is one of the Vermont documents that insurance license exam questions are written from, including vermont property & casualty, vermont personal lines practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

  • Regulation 95-1, Section 5.A (Trust Accounts)
    “Every third party recipient which accepts funds intended to offset insurance policy obligations of the remitter is a fiduciary for those funds. Every third party recipient which does not immediately remit the funds to the insured or insurer for whom the funds are intended shall deposit the funds in...”
  • Regulation 95-1, Section 5.B (Trust Accounts)
    “No funds may be withdrawn or transferred from a trust account except as hereinafter specified: 1) Withdrawals from trust accounts shall be made to meet payment of premiums to insurers and payment of return premiums or other credits to insureds. 2) A third party recipient may transfer to its...”
  • Vermont Reg. 95-1, Section 5.A (Trust Accounts)
    “Every third party recipient which accepts funds intended to offset insurance policy obligations of the remitter is a fiduciary for those funds. Every third party recipient which does not immediately remit the funds to the insured or insurer for whom the funds are intended shall deposit the funds in...”
  • Vermont Reg. 95-1, Section 5.A (Trust Accounts; immediately remitted)
    “Funds which are received from the remitter and which are, in turn, remitted to the insured or insurer within the course of the same business day, or no later than the end of the following business day, will be consider to have been immediately remitted. However, the third party remitter must show...”
  • Vermont Reg. 95-1, Section 5.B (Trust Accounts; withdrawals)
    “No funds may be withdrawn or transferred from a trust account except as hereinafter specified: 1) Withdrawals from trust accounts shall be made to meet payment of premiums to insurers and payment of return premiums or other credits to insureds. 2) A third party recipient may transfer to its...”

Practice this material

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Questions about this source

Vermont Regulation 95-1 - Trust Accounts (Anti-comingling) is a regulation published by Vermont Department of Financial Regulation (formerly Department of Banking, Insurance, Securities & Health Care Administration). Edition: Effective October 1, 1996.

No. This page summarizes the document and links to the official version. Always rely on the text published by Vermont Department of Financial Regulation (formerly Department of Banking, Insurance, Securities & Health Care Administration) for the current law.

Practice questions for Vermont Property & Casualty, Vermont Personal Lines cite this document.

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