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) .]
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) .]
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) .]
