Utah Code § 31A-26-404: Funds that a public adjuster holds.

A public adjuster that receives, accepts, or holds funds on behalf of an insured shall deposit the funds into a trust account within a federally insured depository institution that:

(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.