Answered

Every resident agent must have and maintain at their place of business the usual and customary records pertaining to transactions under their license for at least how long?

A. 5 years
B. 3 years
C. 7 years
D. 1 year



Answer :

GinnyAnswer

Final answer:

Records of transactions must be kept for at least five years according to regulations.


Explanation:

Records must be kept by resident agents in their place of business for at least five years as per regulations. Hard copy records are retained for five years and three years after the batch release. Electronic records can be kept indefinitely after the initial period.


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