Statute · California Insurance Code
Cal. Ins. Code § 10509.917 — Suitability Requirements for Annuity Transactions before January 1, 2025
Cal. Ins. Code § 10509.917
- Type
- Statute
- Source
- California Insurance Code
- Jurisdiction
- California
- Date
- 2012-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Insurers and insurance producers shall maintain or be able to make available to the commissioner records of the information collected from the consumer and other information used in making the recommendations that were the basis for insurance transactions for five years after the insurance…
Citator
Cal. Ins. Code § 10509.917 — Suitability Requirements for Annuity Transactions before January 1, 2025 is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Insurers and insurance producers shall maintain or be able to make available to the commissioner records of the information collected from the consumer and other information used in making the recommendations that were the basis for insurance transactions for five 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 an insurance producer.
(b) Records required to be maintained by this article may be maintained in paper, photographic, microprocess, magnetic, mechanical, or electronic media, or by any process that accurately reproduces the actual document.