Utah Admin. Code R590-276-4 - Retention Requirements
(1) Except as
provided in Subsection (2), the retention requirement for the books and records
of an insurer or fraternal subject to Title 31A, Chapter 14, Foreign Insurers,
is three years plus the current year.
(2)
(a) The
retention requirement for the books and records of a foreign title insurer,
including records related to title search, examination, and underwriting used
for determining insurability, is 15 years, pursuant to Subsection
31A-20-110(1).
(b) The retention requirement for books and
records related to escrow transactions involving real property is three years
plus the current year, pursuant to Subsection
31A-23a-412(5).
(3) All books and records shall be made
available during normal business hours.
(4) Nothing in this section prohibits
electronically stored books and records.
Notes
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