204k views
1 vote
How long must insurers keep copies of all advertising materials?

A. 2 years
B. 3 years
C. 4 years
D. 5 years

User Fantasim
by
7.8k points

1 Answer

4 votes

Final answer:

Insurers are generally required to keep copies of all advertising materials for at least four years to comply with regulatory requirements, facilitate audits, and substantiate advertising claims.

Step-by-step explanation:

The question relates to the compliance regulations in the insurance industry, specifically about the duration for which insurers must retain copies of their advertising materials. Though the specific period can vary by jurisdiction, a common industry standard requires insurers to keep advertising copies for at least four years. This timeframe serves various purposes, including compliance with regulatory requirements, facilitation of audits, and substantiation of claims made in advertisements. It's also essential for insurers to have a well-documented record in case of disputes or inquiries from regulators.

User Gopal Singh
by
7.8k points