Under 50 Ill. Adm. Code 917, for how long must the replacing insurer retain copies of the Notice Regarding Replacement, the Replacement Disclosure Statement, and related documentation?

Why this is the answer

The replacing insurer must keep the signed Notice Regarding Replacement, the Replacement Disclosure Statement, and any related correspondence for at least three years from the date the replacement transaction was completed. The three-year window aligns with the contestable and suicide periods on the new policy and gives IDOI a meaningful audit trail when examining market-conduct compliance.