Regulations: Use of electronic signatures and records; electronic filing of forms and payment of fees.
1. The Commissioner shall adopt regulations governing:
(a) The use of electronic signatures, and the acceptance and transmission of electronic records, in transactions relating to insurance; and
(b) The electronic filing of forms and payment of fees, and the storage and reproduction of records, filed with the Division.
2. As used in this section:
(a) �Electronic� means relating to technology having electrical, digital, magnetic, wireless, optical, electromagnetic or similar capabilities.
(b) �Electronic record� means a record created, generated, sent, communicated, received or stored by electronic means.
(c) �Electronic signature� means an electronic sound, symbol or process attached to or logically associated with a record and executed or adopted by a person with the intent to sign the record.
(d) �Record� means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.
(e) �Transaction� means an action or set of actions occurring between two or more persons relating to the transaction of business, commercial or governmental affairs.
Last modified: February 27, 2006