Utah Administrative Code
Topic - Insurance
Title R590 - Administration
Rule R590-276 - Record Retention for Foreign Insurers, Alien Insurers, Commercially Domiciled Insurers, Foreign Title Insurers, and Foreign Fraternals
Section R590-276-4 - Retention Requirements
Universal Citation: UT Admin Code R 590-276-4
Current through Bulletin 2024-06, March 15, 2024
(1) Except as provided in Subsection (2), the retention requirement for the books and records of an insurer or fraternal subject to Title 31A, Chapter 14, Foreign Insurers, is three years plus the current year.
(2)
(a) The
retention requirement for the books and records of a foreign title insurer,
including records related to title search, examination, and underwriting used
for determining insurability, is 15 years, pursuant to Subsection
31A-20-110(1).
(b) The retention requirement for books and
records related to escrow transactions involving real property is three years
plus the current year, pursuant to Subsection
31A-23a-412(5).
(3) All books and records shall be made available during normal business hours.
(4) Nothing in this section prohibits electronically stored books and records.
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