Michigan Administrative Code
Department - Licensing and Regulatory Affairs
Public Service Commission
Preservation of Records of Electric, Gas, And Water Utilities
Part 2 - SCHEDULE OF RECORDS AND PERIODS OF RETENTION
Section R. 460.2528 - Insurance records; retention periods
Universal Citation: MI Admin Code R. 460.2528
Current through Vol. 24-04, March 15, 2024
Rule 28. The following insurance records shall be retained for the periods listed:
| (a) Records of insurance policies which are in force and which show coverage, premiums paid, and expiration dates. | Destroy at option after expiration of such policies. |
| (b) Insurance policies. | Destroy at option after expiration of policies. |
| (c) Records of amounts recovered from insurance companies in connection with losses and of claims against insurance companies, including reports of losses and supporting papers. | 6 years, except those relating to the construction of licensed projects, additions or betterment thereto, or the amortization reserve applicable thereto, for which the commission has not determined the actual legitimate original cost, shall be retained until such cost has been determined. |
| (d) Inspector reports and records of the condition of property. | Until superseded. |
| (e) Insurance maps of property and structures erected thereon. | Until superseded. |
| (f) Records and statements relating to insurance requirements. | Destroy at option. |
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