The corporate records of each association shall be kept at the association's offices, and not in the offices of attorneys, accountants, directors, stockholders, officers, or employees. All records of the association shall immediately be made available to the Commissioner, his deputies, examiners or appraisers upon demand as set forth in Sections 8801 and 9001 of the law.

The accounting year for all associations shall be the calendar year.

Associations are required to retain in their possession documents necessary to facilitate the verification of receipts and disbursements, income and expense.