{"data":{"id":"us-nc/n.c.-gen.-stat.-58-58-235","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 58-58-235","heading":"Record retention requirements.","body":"(a)\tA person licensed under this Part shall retain copies for five years of all:\n(1)\tProposed, offered, or executed contracts, purchase agreements, underwriting documents, policy forms, and applications from the date of the proposal, offer, or execution of the contract or purchase agreement, whichever is later.\n(2)\tChecks, drafts, or other evidence and documentation related to the payment, transfer, deposit, or release of funds from the date of the transaction.\n(3)\tOther records and documents related to the requirements of this Part.\n(b)\tThis section does not relieve a person of the obligation to produce these documents to the Commissioner after the retention period has expired if the person has retained the documents.\n(c)\tRecords required to be retained by this section must be legible and complete and may be retained in paper, photograph, microprocessor, magnetic, mechanical, or electronic media, or by any process that accurately reproduces or forms a durable medium for the reproduction of a record. (2001-436, s. 3.)","path":["Chapter 58. Insurance.","Article 58. Life Insurance and Viatical Settlements.","Part 5. Viatical Settlements."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_58/GS_58-58-235.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:06:53Z","sha256":"fc43f25456bbef66e24181b7150cf19779c18a139aaf2904b0e5377073a358c4","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-58-58-230","next":"us-nc/n.c.-gen.-stat.-58-58-240"},"notice":"GroundRules: Original legal text. Not legal advice."}