Idaho § 41-1955 - Examination and Records
Full text of Idaho Idaho Statutes § 41-1955 — Examination and Records, with citation guidance and answers to common questions.
§ 41-1955. Examination and Records
(1) A person required to be licensed by sections 41-1950 through 41-1965 , Idaho Code, is subject to examination as authorized in chapter 2, title 41 , Idaho Code, and shall for five (5) years retain copies of all:
(a) Proposed, offered and executed contracts, purchase agreements, underwriting documents, policy forms, executed disclosure statements and applications from the date of the proposal, offer or execution of the contract or purchase agreement, whichever is later;
(b) All checks, drafts or other evidence and documentation related to the payment, transfer, deposit or release of funds from the date of the transaction; and
(c) All other records and documents related to the requirements of sections 41-1950 through 41-1965 , Idaho Code.
(2) The provisions of this section does not relieve a person of the obligation to produce these documents to the director after the retention period has expired if the person has retained the documents.
(3) Records required to be retained by this section must be legible and complete and in accordance with section 28-50-107 , Idaho Code, and may be retained in paper, photograph, microprocess, magnetic, mechanical, or electronic media, or by any process that accurately reproduces or forms a durable medium for the reproduction of a record.
[41-1955, added 2009, ch. 69, sec. 1, p. 197.]
Frequently Asked Questions About Idaho § 41-1955
What does Idaho Statutes § 41-1955 cover?
Section 41-1955 ("Examination and Records") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 41-1955?
A common citation format is "Idaho Statutes § 41-1955" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 41-1955 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.