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41.—(1) Where—
(a)an insured person has been served with a liability notice;
(b)he is carrying on a business; and
(c)the contract provides cover for any matter associated with that business,
the insured person shall keep and preserve the records specified in paragraph (2) below.
(2) The records which an insured person shall keep and preserve are such of the following as relate to the contract—
(a)his business and accounting records;
(b)policy documents, cover notes, endorsements and similar documents;
(c)all invoices, renewal notices and similar documents issued to him;
(d)all credit or debit notes or other documents received by him which evidence an increase or decrease in the premium, and copies of such documents that are issued by him.
(3) Every insured person who is required to keep and preserve records by paragraph (1) above shall do so for a period of six years.
(4) The reference in paragraph (2)(d) above to any premium shall be construed for the purposes of that paragraph as it would be construed for the purposes of Part V of these Regulations.
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