AGENCY: Insurance Department

SERIES: 5523
TITLE: Insurance agent termination of appointment records
DATES: 1980-
ARRANGEMENT: Alphabetical by insurance company name, thereunder chronological by processing date

DESCRIPTION: These records are the formal notice to the department, confirming that an insurer has terminated the appointment of an agent or agency in the sale and placement of their insurance product. Information includes the reason given for termination of the agent or agency. The records include the agent's or agency's name, Utah Insurance Department license number, and the agent's social security number or agency's tax identification number. Records may also contain information of a negative nature regarding the reason for termination in those instances when termination is for cause.

RETENTION

Retain for 3 year(s)

DISPOSITION

Destroy.

RETENTION AND DISPOSITION AUTHORIZATION

Retention and disposition for this series were specifically approved by the State Records Committee.

APPROVED: 06/1999

FORMAT MANAGEMENT

Paper: Retain in Office for 3 months after date of processing. and then transfer to State Records Center. Retain in State Records Center for 33 months and then destroy.

APPRAISAL

Administrative

This disposition is based on the use of these records in the audit of fees collected by the Insurance Department for processing appointments.

PRIMARY DESIGNATION

Private. UCA 63G-2-302(2)(d)(2008)

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