Know every day that client money is fully protected
A continuous, auditable trust monitor for insurance brokers and MGAs that segregates client premium money, blocks unsafe commission withdrawals, and proves compliance before an auditor ever has to ask.
The problem
Brokers and MGAs are legally required to keep client premium money separate from their own operating funds, yet standard accounting has no concept of a fiduciary trust balance. A shortfall can sit undetected for weeks until a manual month-end reconciliation finally catches it — by which point a reportable breach may already have happened.
The solution
This module turns trust compliance into a continuous, automatic process: a daily trust ratio with full history, fiduciary segregation of the designated trust bank account, dual-signature commission sweeps that can never over-draw the trust, and proactive breach alerts — so you always know where you stand, every single day.
Everything a compliance officer needs
Every capability below is implemented in the module.
Daily trust ratio & history
Automatically computes trust assets against trust liabilities every day and keeps a full, auditable history with color-coded healthy/at-risk/breach status.
Fiduciary account segregation
Designate separate trust, operating and commission GL accounts in Settings so client premium money is never commingled with operating funds.
Proactive breach alerting
Flags an approaching or crossed compliance threshold the moment it happens, with a plain-language explanation of the shortfall and what closes it.
Premium receipt tracking
Records every premium collected on behalf of insureds through a Draft → In Trust → Settled lifecycle, with automatic commission and net-to-carrier calculation.
Carrier payables & aging
Tracks exactly what is owed to each carrier with built-in aging and overdue highlighting, plus a guided payment-registration wizard.
Dual-signature commission sweeps
Enforces a two-signature approval workflow before commission can be swept from trust to operating, with a built-in guard that blocks any sweep that would over-draw the trust.
Premium finance agreements
Manages lender and finance-agreement terms with automatic installment-schedule generation, so financed premiums stay fully traceable and correctly reflected in the trust position.
Regulatory regime mapping
Define the ratio rules, jurisdiction and governing authority for each regulatory regime — such as FCA CASS 5 or a US state trust rule — your firm must satisfy.
Audit-ready trust position statement
Produces a printable, audit-ready Trust Position Statement from any trust reading on demand, eliminating the scramble to reconstruct history for an examiner.
How it works
Configure trust settings
Set the trust, operating and commission GL accounts, pick the active regulatory regime, and enable dual-signature control from one settings screen.
Record premiums & payables
Log premium receipts as they come in and track carrier payables as they fall due; the trust ratio recalculates automatically.
Monitor & resolve
Watch the daily trust ratio and act immediately on any at-risk or breach alert before it becomes a reportable incident.
Sweep & report
Submit commission sweeps for dual-signature approval, then print an audit-ready Trust Position Statement whenever a regulator or auditor asks.
Frequently asked
No sales fog. If your question isn't here, email us and we'll answer it the same way.
You define the regime yourself — ratio rules, jurisdiction and governing authority are all configurable, so the module adapts to FCA CASS 5, a US state trust rule, or any other regime your firm must satisfy.
Buy it on the Odoo App Store
Purchase, download and install directly from the official Odoo Apps Store — you'll always get the latest supported build.
Insurance Premium Trust & Client Money
A daily trust ratio with fiduciary account segregation and proactive breach alerting — plus carrier payables, dual-signature commission sweeps and an audit-ready trust position statement.
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