40-4205. Books and records, maintenance; examination; confidentiality.
40-4205
40-4205. Books and records, maintenance;examination; confidentiality.For the duration of the written agreements referred to in K.S.A.40-4202 and for five years thereafter, every prepaid service plan shallmaintainat its principal administrative office adequate books and records of alltransactions between the prepaid service plan and the providers and membersthereof. Such books and records shall be maintained in accordance with prudentstandards of insurance recordkeeping. The commissioner of insurance shallhave access to such books and records for the purpose of examination, auditand inspection. Any information contained thereinwhich is atrade secret under the uniform trade secrets act (K.S.A. 60-3320 etseq. and amendments thereto),including but not limitedto the identity and addresses of members, shall be confidential, exceptthat the commissioner may use such information in any proceedings institutedagainst a prepaid service plan.
History: L. 1987, ch. 157, § 5;L. 2005, ch. 67, § 2; July 1.