It’s an issue that can strike fear into the heart of any agent: If a DOI auditor came around to check your books right now, would your premium trust fund account (PTFA) be out of trust?

If you’re a typical independent agency in Illinois, 95 percent of the time the answer is yes, according to Todd R. Davis, owner of Davis Agency Insurance in Peoria, Ill. “For agents, being out of trust is one of the greatest concerns among regulatory issues,” he said. “And it’s something that happens to everybody.”

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