Louisiana Administrative Code
Title 37 - INSURANCE
Part XIII - Regulations
Chapter 117 - Regulation Number 89-Suitability in Annuity Transactions
Section XIII-11715 - Recordkeeping
Current through Register Vol. 50, No. 3, March 20, 2024
A. Insurers, general agents, independent agencies and insurance producers shall maintain or be able to make available to the commissioner records of the information collected from the consumer 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 an insurance 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.
AUTHORITY NOTE: Promulgated in accordance with R.S. 22:11 and the Administrative Procedure Act, R.S. 49:950 et seq.
