Annual statements.

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  • (1)
    • (a) Each authorized insurer shall annually, on or before March 1, file with the commissioner a true statement of the authorized insurer's financial condition, transactions, and affairs as of December 31 of the preceding year.
    • (b) The statement required by Subsection (1)(a) shall be:
      • (i) verified by the oaths of at least two of the insurer's principal officers; and
      • (ii) in the general form and provide the information as prescribed by the commissioner by rule.
    • (c) The commissioner may, for good cause shown, extend the date for filing the statement required by Subsection (1)(a).
  • (2) The annual statement of an alien insurer shall:
    • (a) relate only to the alien insurer's transactions and affairs in the United States unless the commissioner requires otherwise; and
    • (b) be verified by:
      • (i) the insurer's United States manager; or
      • (ii) the insurer's authorized officers.




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