Ga. Comp. R. & Regs. R. 120-2-47-.09 - Recordkeeping
(1) All service
contract providers shall keep accurate accounts, books, and records concerning
transactions regulated under this Chapter.
(2) A service contract provider's accounts,
books, and records shall include
(a) Copies
of all service contracts;
(b) The
name and address of each service contract holder; and
(c) The dates, amounts, and descriptions of
all receipts, claims and expenditures.
(3) A service contract provider shall retain
all required accounts, books, and records pertaining to each service contract
holder for at least two (2) years, unless a longer period is required by
statute or regulation, after the specified period of coverage has expired. 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.
(4) Service contract providers shall make all
accounts, books, and records concerning transactions regulated under this
Regulation available to the Commissioner for the purpose of
examination.
Notes
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