§648

The statute also provides that BUF accounts "are maintained as a trus.t fund created on behalfofa bail bond agent or agency, held by the insurer in a fiduciary capacity to be used to indemnify thé insurer for losses and any other agreed-upon costs related to a bailbond".

648.29(1) (West 2005) requires that BUF funds "be held in an individual build-up trust account for the agent or agency in a'n FDIC-approved or FSLIC-approved bank or savings and loan association in this state, jointly in the name ofthe agent or agency and the insurer or in trust for the agent or agency by the insurer." Interest that accrues on