Tenn. Comp. R. & Regs. 0780-01-86-.09 - RECORDKEEPING
(1) Insurers, general agents, independent
agencies, and producers shall maintain or be able to make available to the
commissioner records of the information collected from the consumer,
disclosures made to the consumer, including summaries of oral disclosures, and
other information used in making the recommendations that were the basis for
insurance transactions for five (5) years after the insurance transaction is
completed by the insurer. An insurer is permitted, but shall not be required,
to maintain documentation on behalf of a producer.
(2) Records required to be maintained by this
Chapter may be maintained in paper, photographic, micro-process, magnetic,
mechanical or electronic media or by any process that accurately reproduces the
actual document.
Notes
Authority: T.C.A. ยงยง 56-1-408, 56-1-409, 56-1-411, 56-1-416, 56-2-301, 56-2-305, 56-3-508, 56-6-112, 56-6-124(a), and 56-8-101 et seq.
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