Chapter 16: PRODUCERS, ADJUSTERS AND CONSULTANTS HEADING: PL 1997, C. 457, §23 (NEW); 2001, C. 259, §1 (RPR)
Subchapter 6: ADJUSTERS HEADING: PL 1997, C. 457, §23 (NEW)
§1474. Records
1.Record of each transaction. Each adjuster shall keep at the adjuster's business address shown on the license a record of all transactions under the
license. For the purpose of investigation or examination by the superintendent, records may be maintained in electronic form.
[
1997, c. 457, §23 (NEW);
1997, c. 457, §55 (AFF)
.]
2.Information. The record must include:
A. A copy of all investigations or adjustments undertaken or consummated; and [1997, c. 457, §23 (NEW); 1997, c. 457, §55 (AFF).]
B. A statement of any fee, commission or other compensation received or to be received by the adjuster on account of the investigation
or adjustment. [1997, c. 457, §23 (NEW); 1997, c. 457, §55 (AFF).]
[
1997, c. 457, §23 (NEW);
1997, c. 457, §55 (AFF)
.]
3.Retention. The adjuster shall make records available for examination by the superintendent at all times and shall retain the records
for at least 3 years.
[
1997, c. 457, §23 (NEW);
1997, c. 457, §55 (AFF)
.]
SECTION HISTORY
1997, c. 457, §23 (NEW).
1997, c. 457, §55 (AFF).
Data for this page extracted on 11/09/2009 11:20:25.