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All insurers doing any kind of insurance business in Nevada must keep what records of their business?

A. Financial records only

B. Claims records only

C. All records related to their business

D. Customer records only

1 Answer

6 votes

Final answer:

Insurers in Nevada must keep all records related to their insurance business, encompassing financial, claims, underwriting, and policyholder information to comply with regulations and ensure operational transparency.

Step-by-step explanation:

All insurers doing any kind of insurance business in Nevada are required to keep C. All records related to their business.

This includes financial records, claims records, underwriting documents, policyholder information, and any other documentation pertaining to the operation of their insurance business.

Keeping detailed and comprehensive records is essential for regulatory compliance, facilitating audits, and ensuring transparency and accountability within the company.

All insurers doing any kind of insurance business in Nevada must keep all records related to their business. This includes financial records, claims records, and customer records.

These records are important for compliance with state regulations, financial reporting, and providing efficient customer service.

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