Hi Nancy

 

Welcome to the listserve.

 

An invaluable source for insurance company records managers is the ACLI <http://www.acli.com/>  (American Council of Life Insurers.) They provide regulatory updates for all 50 states, including a compilation of state by state regulations affecting record retention. 

 

The ACLI is available to member companies. Check with your Compliance department, as they may already be members.

 

 

_______________________________

Alex Acevedo, CRM

Symetra Financial | Service Operations 

Corporate Records Manager

[log in to unmask]

Office (425) 256-5184

 

"Reach for great things"

 

 

 

 

 

 

 

-----Original Message-----
From: Records Management Program [mailto:[log in to unmask]] On Behalf Of Nancy Ur
Sent: Wednesday, January 20, 2010 6:06 AM
To: [log in to unmask]
Subject: Retention for Insurance industry record types

 

Hi,

I'm new to this site (it is a great resource!) but I've been in records 

management (pharmaceutical industry) for many years. I'm now working in the 

insurance industry and I'm having some difficulty trying to find retention 

timeframes for many of the record types used in insurance.  I've gleaned a few 

requirements from the National Insurance Association, but is there another 

place (aside from CFR and New Jersey state law) that I could use as a 

reference?

 

It seems the RM before me let the user departments determine their own 

retentions, and I'm finding many things listed as "perm" or "50 years". As I'm 

reviewing retention schedules, people are now deciding 9so they don't have to 

do the reviews!) that they want to extend the retention dates! Obviously 

there needs to be some re-education, but in the meantime, identifying correct 

(or even industry standard) retention periods has become challenging. 

 

If anyone would be willing to share their insurance retention schedule with me, 

I'd be greatly appreciative (and relieved!). Thanks very  much.

 

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