Records.
Every licensee shall maintain records of its premium finance transactions and the said records shall be open to examination and investigation by the Commissioner. The Commissioner may at any time require any licensee to bring such records as he may direct to the Commissioner’s office for examination. Every licensee shall preserve its records of such premium finance transactions, including cards used in a card system, for at least 3 years after making the final entry in respect to any premium finance agreement. The preservation of records in photographic form shall constitute compliance with this requirement.
Annotations
Oct. 9, 1940, ch. 792, ch. III, § 56 Apr. 18, 1966, 80 Stat. 126, Pub. L. 89-403, § 1 May 21, 1997, D.C. Law 11-268, § 10(r)(3), 44 DCR 1730 Department of Insurance abolished: See Historical and Statutory Notes following § 31-2501.03. 1973 Ed., § 35-1366. 1981 Ed., § 35-1556.
Sourced from the DC Council Open Law Library (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.