Class DOI No.: N/A
Paulmar Class Code: TA 102
Class Provider: Paulmar Group LLC, Orange County, CA
Provider ID: 373001
Duration: 1 Hour
CE Credits: None
Instructor: Chris Marinescu, President of Paulmar Group LLC Owner and Developer of Insurance Trust Account Technology; Inventor of Insurance Trust Accounting Logic (US Patent No. 9,811,863);
DOI approved Class Instructor;
Author of several published articles on insurance trust accounting and trust account financial management; Master’s Degree in Civil/Structural Engineering and Engineering Economics
Background: CA Dept. of Insurance requires P&C insurance agents & brokers to receive and maintain premium funds in a fiduciary capacity, as “trustees” or “custodians”, not as owners of funds. This constitutes the essence of insurance fiduciary duty. Premiums and return premiums must be disbursed only to their legal owners. Agency owners are personally responsible for violations of fiduciary duty.
Description: During this class students will learn about:
Handouts: Several handouts are available on the www.PaulmarEducation.com website.
