Florida Statutes, Rules, and Regulations Common to All Lines
In what form may an agent keep the premium payment records Florida law requires?
Answer and explanation
Answer: A. Section 626.561(2) requires the records to be preserved for at least three years after payment and accepts computer or photographic storage as alternatives to the originals. The statute does not confine the agent to paper originals, does not require annual accountant certification, and does not require quarterly filing with the Department.Source: Fla. Stat. § 626.561 — 626.561(2), Form of records
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