Tex. Insurance Code § 1115.055
This is the official text of Tex. Insurance Code § 1115.055, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 1115.055. RECORDKEEPING REQUIREMENTS.
Official statutory text
(a) Each agent, general agent, independent agency, and insurer shall maintain, or otherwise be able to make available to the commissioner, records of the information collected from the consumer, disclosures made to the consumer, including summaries of oral disclosures, and other information used in making a recommendation that was the basis for an insurance transaction subject to this chapter until the fifth anniversary of the date on which the transaction is completed by the insurer.
(b) An insurer may, but is not required to, maintain documentation on behalf of an agent.
(c) Records required to be maintained under this section may be maintained in paper, photographic, microprocess, magnetic, mechanical, or electronic media by any process that accurately reproduces the actual document.
(b) An insurer may, but is not required to, maintain documentation on behalf of an agent.
(c) Records required to be maintained under this section may be maintained in paper, photographic, microprocess, magnetic, mechanical, or electronic media by any process that accurately reproduces the actual document.
Status: in_force · Read it on the official government site
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