Alabama Administrative Code
Title 482 - ALABAMA DEPARTMENT OF INSURANCE
Chapter 482-1-118 - RECORD RETENTION FOR FINANCIAL AUDITS AND TIME LIMITS FOR RESPONSE TO INQUIRIES FROM EXAMINERS
Section 482-1-118-.03 - Records Required For Purposes Of Financial Examinations

Universal Citation: AL Admin Code R 482-1-118-.03
Current through Register Vol. 42, No. 11, August 30, 2024

Every insurer, which term shall include every domestic insurer, foreign insurer, health care services corporation, health maintenance organization, prepaid dental plan, managing general agent or any other legal entity regulated by the Insurance Code and licensed to do business in this state shall maintain its books, records, documents and other business records in order that the insurer's financial condition may be readily ascertained by the Department of Insurance, taking into consideration other record retention requirements. All records must be maintained for not less than five (5) years.

Author: Commissioner of Insurance

Statutory Authority: Code of Ala. 1975, §§ 27-2-17, 27-2-20, 27-2-21, 27-21A-19.

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