NRS690C.310. Retention of records.

      1.  A provider shall maintain records of the transactions governed by this chapter. The records of a provider must include:

      (a) A copy of each type of service contract that the provider issues, sells or offers for sale;

      (b) The name and address of each holder who possesses a service contract under which the provider has a duty to perform, to the extent that the provider knows the name and address of each holder;

      (c) A list that includes each location where the provider issues, sells or offers for sale service contracts; and

      (d) The date and a description of each claim made by a holder under a service contract.

      2.  Except as otherwise provided in this subsection, a provider shall retain all records relating to a service contract for at least 1 year after the contract has expired. A provider who intends to discontinue doing business in this state shall provide the Commissioner with satisfactory proof that the provider has discharged his or her duties to the holders in this state and shall not destroy his or her records without the prior approval of the Commissioner.

      3.  The records required to be maintained pursuant to this section may be stored on a computer disc or other storage device for a computer from which the records can be readily printed.

      (Added to NRS by 1999, 3341)