Each association shall maintain and keep for a period of three (3) years after any report is filed under this act, such record or records of business transacted by it within this Commonwealth for the period covered by such report, and other pertinent papers as may be required by the department.
Any person violating any of the provisions of this section shall be guilty of a misdemeanor and shall, upon conviction thereof, be sentenced to pay a fine not exceeding one thousand dollars ($1,000) and costs of prosecution, or to undergo imprisonment for not more than six (6) months, or both, in the discretion of the court.
72 P.S. § 3420-28