2013 Louisiana Laws
Revised Statutes
TITLE 22 - Insurance
RS 22:1806.8 - Recordkeeping requirements

§1806.8. Recordkeeping requirements

A.(1) The provider shall keep accurate accounts, books, and records concerning transactions regulated under this Part.

(2) The provider's accounts, books, and records shall include the following:

(a) Copies of each type of home service contracts sold.

(b) The name and address of each service contract holder to the extent that the name and address have been furnished by the holder to the service contract provider.

(c) Files which shall contain at least the dates and description related to the home service contracts.

(3) Except in the case of a discontinued business provided for under Subsection B of this Section, the provider shall retain all records required to be maintained by this Section for at least three years after the specified period of coverage has expired.

(4) The records required under this Part may be, but are not required to be maintained on a computer disk or other recordkeeping technology. If the records are maintained in other than hard copy, the records shall be capable of duplication to legible hard copy at the request of the commissioner.

B. A provider discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to contract holders in this state.

C. A provider shall make all accounts, books, and records required under this Part available to the commissioner upon request.

Acts 2009, No. 101, §1, eff. Jan. 1, 2010.