Common use of RECORDS MAINTENANCE AND CONFIDENTIALITY Clause in Contracts

RECORDS MAINTENANCE AND CONFIDENTIALITY. 7.1 This Agreement shall be retained as a part of the official record of both LMG and IIC for the duration of this Agreement and for seven years after the termination of this Agreement. 7.2 LMG will maintain complete books and records of all transactions between LMG, IIC, and its policyholders. LMG will preserve detailed and adequate books and records of all administered transactions among LMG, IIC and its policyholders sufficient to permit the insurer to fulfill all of its contractual obligations to insured persons. These books and records shall be maintained in accordance with prudent standards generally accepted in business record keeping. LMG will maintain IIC's records intact and separate and apart from the records of any other carrier. The documentation will contain all pertinent information in sufficient detail to identify the relevant dates, events, and persons participating in those insurance events. LMG will maintain complete records of all transactions taken pursuant to its third-party administrator license. The books and records shall be maintained throughout this Agreement and for ten (10) years after the transaction to which they respectively relate. 7.3 IIC shall own the records generated by LMG pertaining to IIC; however, LMG shall retain the right to continuing access to records to permit LMG to fulfill its contractual obligations. IIC and LMG shall have continuing right to access and copy all accounts and records maintained by LMG related to IIC's business. Any appropriately authorized government agency shall have access to all books, bank accounts, and records of LMG and IIC for the purpose of examination, inspection, and audit. All information contained in the aforementioned books and records, including the identity and addresses of policyholders, shall be kept confidential, except that such information may be used in proceedings instituted against LMG or IIC. 7.4 If LMG and IIC cancel this Agreement, LMG may, by written agreement with IIC, transfer all records to IIC or the successor administrator rather than retain them for the period referenced in Section 7.

RECORDS MAINTENANCE AND CONFIDENTIALITY. 7.1 This Agreement shall be retained as a part of the official record of both LMG and IIC Hxxxxxx for the duration of this Agreement and for seven years after the termination of this Agreement. 7.2 LMG will maintain complete books and records of all transactions between LMG, IIC, Hxxxxxx and its policyholders. LMG will preserve detailed and adequate books and records of all administered transactions transactions, among LMG, IIC Hxxxxxx and its policyholders policyholders, sufficient to permit the insurer to fulfill all of its contractual obligations to insured persons. These books and records shall be maintained in accordance with prudent standards generally accepted in business record keeping. LMG will maintain IIC's Hxxxxxx'x records intact and separate and apart from the records of any other carrier. The documentation will contain all pertinent information documents in sufficient detail to identify the relevant dates, events, and persons participating in those insurance events. LMG will maintain complete records of all transactions taken pursuant to its third-party administrator Third Party Administrator license. The books and records shall be maintained throughout this Agreement and for ten (10) years after the transaction to which they respectively relate. 7.3 IIC Hxxxxxx shall own the records generated by LMG pertaining to IICHxxxxxx; however, LMG shall retain the right to continuing access to records to permit LMG to fulfill all of its contractual obligations. IIC Hxxxxxx and LMG shall have continuing right to access and copy all accounts and records maintained by LMG related to IIC's Hxxxxxx'x business. Any appropriately authorized government governmental agency shall have access to all books, bank accounts, accounts and records of LMG and IIC Hxxxxxx for the purpose of examination, inspection, inspection and audit. All information contained in the aforementioned books and records, including the identity and addresses of policyholders, policyholders shall be kept confidential, except that such information may be used in proceedings instituted against LMG or IICHxxxxxx. 7.4 If In the event that LMG and IIC Hxxxxxx cancel this Agreement, LMG may, by written agreement with IICHxxxxxx, transfer all records to IIC Hxxxxxx or the successor administrator rather than retain them for the period referenced in Section 7.

RECORDS MAINTENANCE AND CONFIDENTIALITY. 7.1 This Agreement shall be retained as a part of the official record of both LMG and IIC Xxxxxxx for the duration of this Agreement and for seven years after the termination of this Agreement. 7.2 LMG will maintain complete books and records of all transactions between LMG, IIC, Xxxxxxx and its policyholders. LMG will preserve detailed and adequate books and records of all administered transactions transactions, among LMG, IIC Xxxxxxx and its policyholders policyholders, sufficient to permit the insurer to fulfill all of its contractual obligations to insured persons. These books and records shall be maintained in accordance with prudent standards generally accepted in business record keeping. LMG will maintain IIC's Xxxxxxx'x records intact and separate and apart from the records of any other carrier. The documentation will contain all pertinent information documents in sufficient detail to identify the relevant dates, events, and persons participating in those insurance events. LMG will maintain complete records of all transactions taken pursuant to its third-party administrator Third Party Administrator license. The books and records shall be maintained throughout this Agreement and for ten (10) years after the transaction to which they respectively relate. 7.3 IIC Xxxxxxx shall own the records generated by LMG pertaining to IICXxxxxxx; however, LMG shall retain the right to continuing access to records to permit LMG to fulfill all of its contractual obligations. IIC Xxxxxxx and LMG shall have continuing right to access and copy all accounts and records maintained by LMG related to IIC's Xxxxxxx'x business. Any appropriately authorized government governmental agency shall have access to all books, bank accounts, accounts and records of LMG and IIC Xxxxxxx for the purpose of examination, inspection, inspection and audit. All information contained in the aforementioned books and records, including the identity and addresses of policyholders, policyholders shall be kept confidential, except that such information may be used in proceedings instituted against LMG or IICXxxxxxx. 7.4 If In the event that LMG and IIC Xxxxxxx cancel this Agreement, LMG may, by written agreement with IICXxxxxxx, transfer all records to IIC Xxxxxxx or the successor administrator rather than retain them for the period referenced in Section 7.