Maine § 24-A §3410 Destruction of records

Maine Statutes

§ 24-A §3410 — Destruction of records

Maine·Title 24-A MAINE INSURANCE CODE·Ch. 47 ORGANIZATION, CORPORATE POWERS, PROCEDURES OF DOMESTIC LEGAL RESERVE STOCK AND MUTUAL INSURERS

1.An insurer may destroy its obsolete records after expiration of such reasonable period after completion of the transactions to which they relate as the insurer may deem proper. The insurer may so destroy its closed files relating to losses and claims arising under its policies after the first to occur of the following events:

2.Records preserved on microfilm or other similar process and freely retrievable shall not be deemed to have been destroyed.

3.This section shall not relieve the insurer of any responsibility or liability otherwise arising under law with respect to the existence and availability of any record.

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1.
An insurer may destroy its obsolete records after expiration of such reasonable period after completion of the transactions to which they relate as the insurer may deem proper. The insurer may so destroy its closed files relating to losses and claims arising under its policies after the first to occur of the following events:
2.
Records preserved on microfilm or other similar process and freely retrievable shall not be deemed to have been destroyed.
3.
This section shall not relieve the insurer of any responsibility or liability otherwise arising under law with respect to the existence and availability of any record.

Maine § 24-A §3410 (Destruction of records) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.