Having such a panel represents a danger to your family and home.
Don't run cords under carpeting, bedding, or other combustible materials; also avoid placing cords across doorways or frequently traveled areas. Discard frayed or broken cords and never splice two cords together. Don't overload outlets or use extension cords in place of outlets.
How often you get your electrical system inspected depends on how old your home is and how many appliances you have in it. Most electricians recommend every 3 – 5 years. You should test your GFCI outlets at least twice a year at home, simply by pushing the test/reset button.