Any insurer, health service organization, body, advisory or service body, general agent, producer, advisor, proxy or adjuster shall keep and retain, for a five (5) -year period and in the manner provided by the Commissioner through regulations, his/her accounting books, records, and every document pertaining to its insurance business whether through physical or electronic filing. In the event that an investigation is in process, the final disposal or destruction of the documents related shall proceed only when the Commissioner issues an authorization to such effect. Any violation of the provisions of this section shall be subject to the penalties set forth in § 2726 of this title. History —Ins. Code, added as § 27.120 on Aug. 9, 2008, No. 230, § 10, eff. 90 days after Aug. 9, 2008.
Puerto Rico Legal Code