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How long must insurers maintain records of the information collected form senior consumers and other information used in making recommendations that were the basis for insurance transactions?
Wiki User
∙ 12y ago
5
Wiki User
∙ 12y ago
The specific length of time insurers must maintain records of information collected from senior consumers and other information used in making recommendations that were the basis for insurance transactions may vary depending on the jurisdiction and specific regulations. However, it is generally recommended that insurers retain these records for a period of five to seven years. It is important for insurers to check the specific requirements outlined by the relevant regulatory bodies.
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