Florida Chiropractic Laws and Rules (FCLR) Practice Exam

What is expected regarding the expenses of maintaining trust fund accounts?

1. The trust fund should cover all overhead expenses

2. The chiropractor must personally cover the account expenses

3. The account should remain entirely expense-free

4. The fund can pass on account expenses as client fees

The correct answer is: The chiropractor must personally cover the account expenses

The expectation regarding the expenses of maintaining trust fund accounts is that the chiropractor must personally cover the account expenses. Trust accounts are specifically set up to hold client funds in a secure manner, primarily for services rendered or future services. Because of the nature of these accounts, the funds contained within them cannot be used for the chiropractor's business operational expenses. Any overhead or administrative costs associated with maintaining the trust account must be the responsibility of the chiropractor, ensuring that client funds remain unaffected and properly safeguarded. This protects the integrity of the trust fund and the financial interests of clients. Using client funds to cover account expenses would blur the distinctions between personal and client money and could lead to ethical and legal issues. By maintaining the requirement that the chiropractor covers these expenses personally, clear boundaries are established that foster trust and accountability in the management of client funds.