Alaska Administrative Code
Title 3 - Commerce, Community, and Economic Development
Part 2 - Division of Insurance
Chapter 26 - Trade Practices
Article 7 - Suitability in Annuity Contract Transactions
3 AAC 26.780 - Records

(a) A producer or insurer shall comply with the requirements of AS 21.27.320 and AS 21.27.350 with respect to all information collected from a consumer and other information used in making a recommendation that was the basis for an annuity contact transaction.

(b) An insurer, general agent, independent agency, or producer shall maintain or be able to make available to the director 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 transactions after the transactions were completed by the insurer consistent with AS 21.27.350. An insurer is permitted, but is not required, to maintain documentation on behalf of a producer.