Final answer:
A producer is required to keep records regarding the insurance contracts they sell for a specific period of time, typically at least five years from the date of termination or expiration of the contract.
Step-by-step explanation:
A producer is required to keep records regarding the insurance contracts they sell for a specific period of time. The length of time may vary depending on the jurisdiction and the type of insurance contract. For example, in the United States, producers are typically required to keep records for a minimum of five years from the date of termination or expiration of the contract. These records may include policies, applications, endorsements, and other relevant documentation.