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Fiduciary Accounts and premium segregation

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....he claims due from the foreign insurer in order to pass on to the policyholder(s), the money thus collected shall be maintained in a Fiduciary Account. (2) The money collected by an MGA in the Fiduciary Account shall be segregated from other accounts maintained by such MGA. (3) The money collected by an MGA in the Fiduciary Account shall only be used for the permitted purposes and shall not ....

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