---
kind: "section"
citation: "45 C.F.R. § 156.705"
title: "45"
number: "156.705"
heading: "Maintenance of records for Federally-facilitated Exchanges."
url: "https://uscodex.org/cfr/45/156.705"
---

# §156.705. Maintenance of records for Federally-facilitated Exchanges.

- (a) **General standard.** Issuers offering QHPs in a Federally-facilitated Exchange must maintain all documents and records (whether paper, electronic, or other media) and other evidence of accounting procedures and practices, necessary for HHS to do the following:
  - (1) Periodically audit financial records related to QHP issuers' participation in a Federally-facilitated Exchange, and evaluate the ability of QHP issuers to bear the risk of potential financial losses; and
  - (2) Conduct compliance reviews or otherwise monitor QHP issuers' compliance with all Exchange standards applicable to issuers offering QHPs in a federally-facilitated Exchange as listed in this part.
- (b) **Records.** The records described in [paragraph (a)](#a) of this section include the sources listed in § [155.1210(b)(2)](/cfr/45/155.1210.md?p=b-2), [(3)](/cfr/45/155.1210.md?p=b-3), and [(5)](/cfr/45/155.1210.md?p=b-5) of this subchapter.
- (c) **Record retention timeframe.** Issuers offering QHPs in a Federally-facilitated Exchange must maintain all records referenced in [paragraph (a)](#a) of this section for 10 years.
- (d) **Record availability.** Issuers offering QHPs in a Federally-facilitated Exchange must make all records in [paragraph (a)](#a) of this section available to HHS, the OIG, the Comptroller General, or their designees, upon request.

## Notes

### Source

Source: 78 FR 65100, Oct. 30, 2013, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 18021-18024, 18031-18032, 18041-18042, 18044, 18054, 18061, 18063, 18071, 18082, and 26 U.S.C. 36B.

### Source

Source: 76 FR 77411, Dec. 13, 2011, unless otherwise noted.