Oklahoma § 36-6658 - Transaction records - Contents - Retention period Availability for examination

§ 36-6658. Transaction records - Contents - Retention period Availability for examination

A. All vehicle protection product warrantors shall keep

accurate accounts, books, and records concerning transactions

regulated under the Vehicle Protection Product Act.

B. A vehicle protection product warrantor’s accounts, books,

and records shall include:

1. Copies of all vehicle protection product warranties;

2. The name and address of each warranty holder; and

3. The dates, amounts, and descriptions of all receipts,

claims, and expenditures.

C. A vehicle protection product warrantor shall retain all

required accounts, books, and records pertaining to each warranty

holder for at least three (3) years after the specified period of

coverage has expired. A warrantor discontinuing business in this

state shall maintain its records until it furnishes the Insurance

Commissioner satisfactory proof that the warrantor has discharged

all obligations to warranty holders in this state.

D. Vehicle protection product warrantors shall make all

accounts, books, and records concerning transactions regulated under

the Vehicle Protection Product Act available to the Commissioner for

examination.

Added by Laws 2008, c. 353, § 10, eff. Jan. 1, 2009.