Documentation Requirements

Section 806 Section 806.50  Documentation Requirements An insurer shall maintain documentation and records relating to each derivative transaction, including, but not limited to: a)         The purpose or purposes of the transaction; b)         The assets or liabilities to which the transaction relates; c)         The specific derivative instrument used in the transaction; d)         For over-the-counter derivative instrument transactions, the name of the counterparty and the counterparty exposure amount; and e)         For exchange traded derivative instruments, the name of the exchange and the name of the firm that handled the trade.