D.C. Mun. Regs. tit. 26, r. 26-A8406

Current through Register 71, No. 45, November 7, 2024

Rule 26-A8406 - RECORDKEEPING

8406.1

Insurers, general agents, independent agencies and insurance producers shall maintain and make available to the Commissioner upon request records of the information collected from the consumer and other information used in making the recommendations that were the basis for insurance transactions for three (3) 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.

8406.2

Records required to be maintained by this chapter may be maintained in paper, photographic, microprocess, magnetic, mechanical or electronic media or by any process that accurately reproduces the actual document.

D.C. Mun. Regs. tit. 26, r. 26-A8406

Source: Notice of Final Rulemaking published at 57 DCR 12209, 12216 (December 24, 2010)

Authority: The Commissioner of the Department of Insurance, Securities, and Banking, pursuant to the authority set forth in section 125 of the Insurance Trade and Economic Development Amendment Act of 2000, effective April 3, 2001 (D.C. Law 13-265; D.C. Official Code § 31-2231.25 (2009 Repl.)).