N.J. Admin. Code § 11:4-59A.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 11:4-59A.5 - Recordkeeping

(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.