Delaware Banks and Trust Companies Authorized to Handle Escrow Accounts for Insurance Companies are financial institutions that are specifically authorized by the state of Delaware to manage and maintain funds in trust for insurance companies. These banks and trust companies provide safekeeping of funds for insurance companies, which helps ensure that policyholders’ funds are secure and that the insurance companies are in compliance with the rules and regulations of Delaware. The types of Delaware Banks and Trust Companies Authorized to Handle Escrow Accounts for Insurance Companies include banks, trust companies, and savings and loan associations. These institutions must be approved by the Delaware Department of Insurance and must have the necessary financial resources, technology, security measures, and personnel to adequately manage and protect customers’ funds. These banks and trust companies also provide professional services to help insurance companies manage their escrow accounts in accordance with applicable laws.