How long must a life insurance agent keep transaction records in Georgia?

In Georgia, a life insurance agent is required to retain transaction records for a minimum of five years. This rule is in place to ensure that there is a trail of transactions that can be reviewed for compliance, consumer protection, and accountability. Retaining records for this period allows regulatory bodies to conduct audits and investigations if necessary, and it also serves the agents in case of disputes with clients or questions about their professionalism. Having a clear record-keeping policy in line with this requirement not only helps in maintaining accountability but also protects the interests of both the agent and the clients they serve.