La. Admin. Code tit. 37 § XIII-11715
Current through Register Vol. 50, No. 11, November 20, 2024
Section XIII-11715 - RecordkeepingA. Insurers, general agents, independent agencies and producers shall maintain or be able to make available to the commissioner records of the information collected from the consumer, disclosures made to the consumer, including summaries of oral disclosures, and other information used in making the recommendations that were the basis for insurance transactions for 5 years after the insurance transaction is completed by the insurer. An insurer is permitted, but shall not be required, to maintain documentation on behalf of a producer.B. Records required to be maintained by this regulation may be maintained in paper, photographic, microprocess, magnetic, mechanical or electronic media or by any process that accurately reproduces the actual document.La. Admin. Code tit. 37, § XIII-11715
Promulgated by the Department of Insurance, Office of the Commissioner, LR 32:2270 (December 2006), Amended LR 45761 (6/1/2019), Amended LR 501289 (9/1/2024).AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11, 22:919, 22:1576, and the Administrative Procedure Act, R.S. 49:950 et seq.