Compilation of Rules and Regulations of the State of Georgia
Department 120 - OFFICE OF COMMISSIONER OF INSURANCE, SAFETY FIRE COMMISSIONER AND INDUSTRIAL LOAN COMMISSIONER
Chapter 120-2 - RULES OF COMMISSIONER OF INSURANCE
Subject 120-2-21 - INSURANCE PREMIUM FINANCE COMPANIES
Rule 120-2-21-.05 - Separation and Preservation of Records
Current through Rules and Regulations filed through September 23, 2024
(1) If the licensee engages in any other business, the records relating to the insurance premium finance business shall be kept separate from the records of any other business.
(2) Every licensee shall preserve every premium finance contract and all documents relating thereto (and copies of all documents delivered to an insured) for at least three years after making the final entry in respect to any premium finance agreement.
(3) The Commissioner may, at any time, require any licensee to bring such records as he may direct to the Commissioner's Office for examination, or the Commissioner or his duly authorized representative may conduct an examination of such records on the premises of the licensee.
O.C.G.A. Secs. 33-2-9, 33-22-1et seq.
