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Minnesota Statutes Insurance (Ch. 59A-79a) § 59C.09. Record keeping

Current as of January 01, 2023 | Updated by FindLaw Staff

(a) All vehicle protection product warrantors shall keep accurate accounts, books, and records concerning transactions regulated under this chapter.

(b) A vehicle protection product warrantor's accounts, books, and records must include:

(1) copies of all vehicle protection product warranties;

(2) the name and address of each warranty holder; and

(3) the dates, amounts, and descriptions of all receipts, claims, and expenditures.

(c) A vehicle protection product warrantor shall retain all required accounts, books, and records pertaining to each warranty holder for at least two years after the specified period of coverage has expired. A warrantor discontinuing business in this state shall maintain its records until it furnishes the commissioner satisfactory proof that it has discharged all obligations to warranty holders in this state.

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Cite this article: FindLaw.com - Minnesota Statutes Insurance (Ch. 59A-79a) § 59C.09. Record keeping - last updated January 01, 2023 | https://codes.findlaw.com/mn/insurance-ch-59a-79a/mn-st-sect-59c-09/

Read this complete Minnesota Statutes Insurance (Ch. 59A-79a) § 59C.09. Record keeping on Westlaw

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