Common use of Access to Records and Operations Clause in Contracts

Access to Records and Operations. Upon written request, unless otherwise authorized by the Manager of FCIC, the Company must provide FCIC reasonable access to its offices, personnel (including agents and loss adjusters), and all records that pertain to the business conducted under this Agreement at any time during normal business hours for the purpose of investigation, audit, or examination, including access to records on the operation of the Company. The Company must designate in its Plan of Operations each location where records and documents are retained. Records pertaining to premium or liability must be retained until three years after the January 1, following the end of the respective reinsurance year. FCIC may require, on a case-by-case basis, the Company to retain certain specified records for a longer period if it so notifies the Company in writing at any time before disposal of the record. The Company should be aware that the statute of limitations for bringing a suit for any breach of this Agreement is six years. For the purpose of this section the term "FCIC" includes all U.S. Government agencies including but not limited to the USDA Office of Inspector General, the General Accounting Office, and the Department of Labor.

Access to Records and Operations. Upon written request, unless otherwise authorized by the Manager of FCIC, the Company must provide FCIC reasonable access to its offices, personnel (including agents and loss adjusters), and all records that pertain to the business conducted under this Agreement at any time during normal business hours for the purpose of investigation, audit, audit or examination, including access to records on the operation of the Company. The Company must designate in its Plan of Operations each location where records and documents are retained. Records pertaining to premium or liability must be retained until three 3 years after the January 1, following the end of annual settlement date for the respective reinsurance year. FCIC may require, require on a case-by-case basis, basis the Company to retain certain specified records for a longer period if it so notifies the Company in writing at any time before disposal of the record. The Company should be aware that the statute of limitations for bringing a suit for any breach of this Agreement is six 6 years. For the purpose of this section the term "FCIC" includes all U.S. Government agencies including but not limited to the USDA Office of Inspector General, the General Accounting Office, and the Department of Labor.