Quarter Horses owe their breed name from their ability to run a fast quarter mile. However, while Quarter Horses are great sprinters they are not so good at longer distances. They don't have the running stamina to race over a ten furlong course (about 2 km or 1 1/8 m) like their Thoroughbred counterparts.
(1) a policy record for each insurance contract or policy for six calendar years after the date the policy is no longer in force or until after the filing of the report on examination in which the record was subject to review, whichever is longer.
How Long And Why Do You Have To Keep Expired Insurance Policies. You don't have to keep an expired insurance policy. If the policy is no longer in force, the policy documents have no value. You should keep the policy for a few months after it expires in case you decide to reinstate the policy. Some companies will allow you to make up back premiums for 60 or 90 days to put the policy back in force.