(1) Each surplus line broker and every person that enters into an independent procurement for nonadmitted insurance shall file with the commissioner a verified statement of all insurance transacted by the broker or other person during the preceding reporting period. The commissioner shall, by rule, determine the reporting period.
(2) The statement must be on forms as prescribed and furnished by the commissioner, and must show: Gross amount of each kind of insurance transacted, aggregate gross premiums charged, aggregate of returned premiums paid to insureds, aggregate of net premiums, and additional information as required by the commissioner.
Source: L. 49: p. 469, § 9. CSA: C. 87, § 326. CRS 53: § 72-14-9. C.R.S. 1963: § 7213-9. L. 2012: Entire section amended, (HB 12-1215), ch. 104, p. 353, § 3, effective August 8.