Common use of CLIENT TRUST ACCOUNT Clause in Contracts

CLIENT TRUST ACCOUNT. The Producer agrees and acknowledges that the Producer must at all times maintain a separate Client Trust Account and deposit all premium funds collected (and owed to the Company) in such Client Trust Account.

CLIENT TRUST ACCOUNT. The Producer agrees and acknowledges that the Producer must at all times maintain a separate Client Trust Account and deposit all premium funds collected (and owed to the Company) in such Client Trust Account. Producer may hold such funds in trust with funds of other markets and may retain interest earned thereon in accordance with applicable law.