Section 40-22-116 - Maintenance of records(a) Each licensee shall make, keep and preserve the following books, accounts and other records for a period of five (5) years and these records shall be open to inspection by the commissioner: (i) A record of each payment instrument;(ii) A general ledger, posted at least monthly, containing all assets, liability, capital, income and expense accounts;(iii) Bank statements and bank reconciliation records;(iv) Outstanding payment instruments;(v) Records of each payment instrument paid;(vi) A list of the names and addresses of all authorized delegates and subdelegates; and(vii) Any other records the commissioner reasonably requires by rule.(b) The records required under this section may be maintained in photographic, electronic or other similar form.(c) Records may be maintained at a location other than within this state so long as they are made accessible to the commissioner upon seven (7) business days written notice.Amended by Laws 2013 , ch. 26, § 1, eff. 7/1/2013.