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common records schedule

Finance

Records relating to the management of York University and unit financial resources.

FIN50

Insurance

Consists of records relating to agreements whereby insurers indemnify York University or one of its components in the case of incidents covered by an insurance policy (fire, theft, damage etc.). Records may include contracts and policies, records relating to RFPs and competitive bids, renewal of insurance policies, claims, settled claims, security reports, student records, accident reports, claims documentation and correspondence.


Office of Primary Responsibility

Finance

Retention

5 years after expiry of coverage or until complete settlement of all claims relating to the insurance

Disposition

Destroy


Other Copies

Retention

2 years after expiry of coverage or settlement of claim

Disposition

Destroy


Retention Rationale

Retention based on anticipated operational use.


Approved by University Secretary and General Counsel on 2008-06-20