C.__Except as provided in subsection 2, the provider shall retain all records required to be maintained by this subsection for at least one year after the specified period of coverage has expired.

D.__The records required under this chapter may be, but are not required to be, maintained on a computer disk or other record-keeping medium.__If the records are maintained in other than hard copy, the records must be capable of duplication to legible hard copy at the request of the superintendent.

2.__ Discontinuance of business.__A provider discontinuing business in this State shall maintain its records until it furnishes the superintendent satisfactory proof that it has discharged all obligations to service contract holders in this State.

§7008.__Cancellation of reimbursement insurance policy

1.__Termination.__An insurer that issued a reimbursement insurance policy may not terminate the policy until a notice of cancellation in accordance with the provisions of section 7005 has been mailed or delivered to the superintendent.__The cancellation of a reimbursement insurance policy does not reduce the issuer's responsibility for service contracts issued by providers prior to the date of the cancellation.

§7009.__Obligations of reimbursement insurance policy insurers

1.__Agency.__Providers are considered to be the agent of the insurer that issued the reimbursement insurance policy for purposes of obligating the insurer to service contract holders in accordance with the service contract and this chapter.__When a provider is acting as an administrator and enlists other providers, the provider acting as the administrator shall notify the insurer of the existence and identities of the other providers.

2.__Other rights.__This chapter does not prevent or limit the right of an insurer that issued a reimbursement insurance policy to seek indemnification or subrogation against a provider if the issuer pays or is obligated to pay the service contract holder sums that the provider was obligated to pay pursuant to the provisions of the service contract.

§7010.__Enforcement provisions