(1)
- (a) has a branch in this state, if the public adjuster depositing the money is a resident licensee;
- (b) has a branch in the public adjuster's home state, if the public adjuster is a nonresident licensee; or
- (c) has a branch where the loss occurred; and
- (2) the depository institution's primary regulator authorizes to engage in trust business.
Enacted by Chapter 45, 2026 General Session