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59C.09 RECORD KEEPING.
    (a) All vehicle protection product warrantors shall keep accurate accounts, books, and
records concerning transactions regulated under this chapter.
    (b) A vehicle protection product warrantor's accounts, books, and records must include:
    (1) copies of all vehicle protection product warranties;
    (2) the name and address of each warranty holder; and
    (3) the dates, amounts, and descriptions of all receipts, claims, and expenditures.
    (c) A vehicle protection product warrantor shall retain all required accounts, books, and
records pertaining to each warranty holder for at least two years after the specified period of
coverage has expired. A warrantor discontinuing business in this state shall maintain its records
until it furnishes the commissioner satisfactory proof that it has discharged all obligations to
warranty holders in this state.
History: 2007 c 57 art 3 s 29

Official Publication of the State of Minnesota
Revisor of Statutes