What must a resident agent do with their records under their license?

A resident agent is required to maintain and store their records for a specified period due to regulatory requirements in the insurance industry. This obligation ensures that there is a clear and accurate trail of transactions and activities related to the policies they manage. Keeping these records allows agents to respond to inquiries, assist with claims, and address policyholder concerns effectively.

Additionally, maintaining records for a specified duration is essential for compliance with state regulations, as it aids in audits and reviews by the insurance department. It demonstrates accountability and allows for transparency within the industry.

While confidentiality is significant, and sharing information with policyholders is important for their understanding of their policies, the primary duty of the agent concerning their records revolves around proper maintenance and storage as dictated by legal and industry standards.