Sec. 4151.112. MAINTENANCE OF BOOKS AND RECORDS. (a) An administrator shall maintain at the administrator's principal administrative office adequate books and records of each transaction in which the administrator engages with an insurer, plan, plan sponsor, insured, or plan participant.
(b) The administrator shall maintain the books and records:
(1) until the fifth anniversary of the end of the term of the written agreement to which the books and records relate; and
(2) in accordance with prudent standards of insurance recordkeeping.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 7, eff. April 1, 2005.
Section: Previous 4151.105 4151.106 4151.107 4151.108 4151.109 4151.110 4151.111 4151.112 4151.113 4151.114 4151.115 4151.116 4151.117 4151.151 4151.152 NextLast modified: September 28, 2016