L&HNJmedium
For how long must a New Jersey insurer and producer retain the replacement records required by N.J.A.C. 11:4-2?
AAt least 1 year
At least 5 years
CAt least 2 years
DAt least 10 years
Why this is the answer
N.J.A.C. 11:4-2 requires insurers and producers to retain replacement-related records — including the signed Notice Regarding Replacement, list of existing policies, and sales materials — for at least 5 years and to make them available to DOBI on request.
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