Md. Code Ann., Ins. § 10-412
A public adjuster who receives, accepts, or holds any funds on behalf of an insured toward the settlement of a claim for loss or damage shall deposit the funds in a noninterest-bearing escrow or trust account in a financial institution that is federally insured in the public adjuster's home state or where the loss occurred.
Added by Acts 2017, c. 106, § 1, eff. Jan. 1, 2018.