Last updated: September 2026
A state-by-state survey of insurance producer fiduciary responsibilities, trust account requirements, fund segregation rules, recordkeeping obligations, and penalties for noncompliance.
STATE
State Legal Survey – Fiduciary Trust Account – September 2026
Established in 2004, Leader's Edge is our award-winning content platform, covering legal and legislative issues, international business and regulation, management trends and best practices, technology, and more.
The New Fiduciaries
States are testing the waters on adding health insurance roles to their list of fiduciaries, including producers and employee benefits consultants. This approach has several problems.
Bungled Effort
Only state regulators could complicate an effort to simplify the regulation of surplus lines.
Slippery States
As businesses increasingly integrate artificial intelligence into operations, inconsistent state rules pose risk and compliance challenges.