New Jersey Administrative Code
Title 11 - INSURANCE
Chapter 4 - ACTUARIAL SERVICES
Subchapter 59A - SUITABILITY AND INSURER SUPERVISION REQUIREMENTS FOR ANNUITIES DIRECTLY SOLICITED TO CONSUMERS
Section 11:4-59A.5 - Recordkeeping
Current through Register Vol. 56, No. 6, March 18, 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 10 years after the insurance transaction is completed by the insurer. An insurer may, but shall not be required, to maintain documentation on behalf of an insurance producer.
(b) Records required to be maintained by this subchapter may be maintained in paper, photographic, micro-process, magnetic, mechanical, or electronic media or by any process that accurately reproduces the actual document.
