Final answer:
There is no one-size-fits-all answer to how long insurers must keep records of claims as it is dependent on jurisdictional laws. Insurers are generally required to keep claims records for several years to support operations and accountability.
Step-by-step explanation:
The question pertains to the period of time insurers are required to keep records of claims. This is a regulatory issue within the insurance industry, and the specific time frame can vary based on jurisdiction and specific laws.
However, as a general rule in the context of the given options, insurers are often required to retain records for a minimum number of years to ensure that there is a clear historical record of claims to support the business operations, which includes covering the average person's claims, the administrative costs of running the company, and allowing room for the company's profits.
The correct answer to the question would depend on the applicable laws and regulations of the jurisdiction in which the insurer operates.