41-904 — MAINTENANCE OF RECORDS -- ACCESS
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TITLE 41
INSURANCE
CHAPTER 9
INSURANCE ADMINISTRATORS
41-904. MAINTENANCE OF RECORDS -- ACCESS. (1) Every administrator shall
maintain at such administrator's principal administrative office for the
duration of the written agreement required by section 41-902, Idaho Code, and
for six (6) years thereafter, adequate books and records of all transactions
among such administrator, insurers and insured persons. Such books and records
shall be maintained in accordance with prudent standards of insurance record
keeping.
(2) The director shall have access to books and records maintained by the
administrator for the purpose of examination, audit and inspection. Any trade
secrets contained in such books and records, including the identity and
addresses of policyholders and certificate holders, shall be subject to
disclosure according to chapter 3, title 9, Idaho Code.
(3) The insurer shall retain the right of continuing access to books and
records maintained by the administrator sufficient to permit the insurer to
fulfill all of its contractual obligations to insured persons, subject to any
restrictions in the written agreement between the insurer and administrator on
the proprietary rights of the parties in such books and records.