§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.
[PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]
2.
Information.
The record must include:
A.
A copy of all investigations or adjustments undertaken or consummated; and
[PL 1997, c. 457, §23 (NEW); PL 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.
[PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]
[PL 1997, c. 457, §23 (NEW); PL 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.
[PL 1997, c. 457, §23 (NEW); PL 1997, c. 457, §55 (AFF).]
SECTION HISTORY
PL 1997, c. 457, §23 (NEW). PL 1997, c. 457, §55 (AFF).