Section 681A.530 - Managers: Maintenance of records of transactions; access to accounts and records by reinsurer1. For at least 10 years after expiration of each contract of reinsurance transacted by a manager for reinsurance, the manager for reinsurance shall keep a complete record for each transaction, including evidence of: (a) The type of contract, limits, underwriting restrictions, classes or risks and territory;(b) The period of coverage, including effective and expiration dates, provisions concerning cancellation and notice of cancellation, and disposition of outstanding reserves on covered risks;(c) The requirements for reporting and settling balances;(d) The rate used to compute the reinsurance premium;(e) The names and addresses of reinsurers;(f) The rates of all commissions for reinsurance, including the commissions on any retrocessions handled by the manager for reinsurance;(g) Any related correspondence and memoranda;(i) Any details regarding retrocessions handled by the manager for reinsurance, including the identity of retrocessionaires and percentage of each contract assumed or ceded;(j) Financial records, including accounts of premium and loss; and(k) If the manager for reinsurance places a contract of reinsurance on behalf of a ceding insurer: (1) Directly from any assuming reinsurer, written evidence that the assuming reinsurer has agreed to assume the risk; or(2) Through a representative of the assuming reinsurer, other than an employee, written evidence that the reinsurer has delegated binding authority to the representative.2. The manager for reinsurance shall allow a reinsurer to have access and to copy all accounts and records maintained by the manager for reinsurance related to its business in a form usable by the reinsurer.Added to NRS by 1995, 1764Added to NRS by 1995, 1764