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Home » US Law » 2022 Michigan Compiled Laws » Chapter 550 - General Insurance Laws » Act 11 of 2022 - Pharmacy Benefit Manager Licensure and Regulation Act (550.811.new - 550.845.new) » Section 550.843.new – Retention Schedule; Records, Books, Papers, and Other Data; Destruction or Disposal of Certain Documents Prohibited.

***** 550.843.new THIS NEW SECTION IS EFFECTIVE JANUARY 1, 2024 *****

550.843.new Retention schedule; records, books, papers, and other data; destruction or disposal of certain documents prohibited.

Sec. 33.

(1) The director shall establish a retention schedule for all records, books, papers, and other data on file with the department related to the enforcement of this act.

(2) The director shall not order the destruction or other disposal of a record, book, paper, or other data that is any of the following:

(a) Required by law to be filed or kept on file with the department until 10 years have passed.

(b) Filed during the director’s administration or administrations.

History: 2022, Act 11, Eff. Jan. 1, 2024