Places of business for resident adjuster or insurance consultant
- • records
(1) Each resident adjuster or insurance consultant shall maintain in this state a place of business in which the licensee principally engages in insurance business under the license.
(2) The principal place of business under subsection (1) of this section of an adjuster or insurance consultant must be accessible to the public.
(3) An adjuster or insurance consultant shall keep at the place of business of the adjuster or insurance consultant the usual and customary records pertaining to the business under the license. All such records as to any particular transactions shall be kept available and open to the inspection of the Director of the Department of Consumer and Business Services during business hours. An adjuster or insurance consultant shall keep records of a particular transaction by the adjuster or insurance consultant for three years following the conclusion of the transaction.
(4) This section does not prohibit maintenance of a place of business under a license in the licensee’s place of residence in this state. [1989 c.701 §16; 2001 c.191 §34]
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