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Licensees and agencies shall keep, at their place of business, the usual and customary records pertaining to transactions associated with their license. All records shall be kept available and open to the inspection of the director or his or her representatives at any time during business hours. Records shall be maintained for three years following the completion of any insurance transaction.
All policies and applications solicited by an insurance agent, broker, or agency shall identify the name of each. If the application is attached to the policy upon issuance, the required identification may be contained in either the application or the policy.
This article is intended to be helpful and informative. But even common legal matters can become complex and stressful. A qualified insurance lawyer can address your particular legal needs, explain the law, and represent you in court. Take the first step now and contact a local insurance attorney to discuss your specific legal situation.