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 foreign title insurers books and records, 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 3 years plus the current year, pursuant to Section 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.