330

Every insurer shall keep full and accurate accounts and records of its assets, obligations, transactions, and affairs, with proper separation as to the different kinds of insurance transacted by it, in accordance with accounting methods and practices generally recognized in such business or approved by the Commissioner. All such records and accounts shall be kept in such manner as to facilitate preparation of the required reports of the insurer, and of examination of the insurer’s affairs by the Commissioner. History —Ins. Code § 3.300.