1. If the insured's home state is this state, each surplus lines producer shall keep in this state a full and true record of each surplus lines insurance contract placed by or through the producer, including a copy of the policy, certificate, cover note, or other evidence of insurance showing each of the following applicable items: a. Amount of the insurance, risks, and perils insured; b. Brief description of the property insured and its location; c. Gross premium charged; d. Any return premium paid; e. Rate of premium charged upon the several items of property; f. Effective date and terms of the contract; g. Name and address of the insured; h. Name and address of the insurer; i. Amount of tax and other sums to be collected from the insured; j. Identity of the producer of record; k. Any confirming correspondence from the insurer or its representative; and l. The application. 2. The surplus lines producer shall keep open the record of each contract at all reasonable times to examination by the commissioner without notice for a period not less than five years following termination of the contract. In lieu of maintaining offices in this state, each nonresident surplus lines producer shall make available to the commissioner any and all records that the commissioner deems necessary for examination.
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