20:06:38:16Basic illustration -- Retention by insurer.

A copy of the basic illustration and a revised basic illustration, if any, signed as applicable, along with any certification that either no illustration was used or that the policy was applied for other than as illustrated, must be retained by the insurer until three years after the policy is no longer in force. A copy need not be retained if no policy is issued.

Source: 23 SDR 228, effective July 1, 1997.