(a) The licensee shall keep and use in his business such books, accounts, and records as will enable the Commissioner to determine whether the licensee is complying with the provisions of this chapter and with the regulations pertaining thereto. Every licensee shall preserve books, accounts, and records, including cards used in a card system, if any, for at least five years after making the final entry in respect to any premium finance agreement recorded; however, the preservation of photographic reproductions of records in photographic form shall constitute compliance with this requirement.
(b) Each licensee shall annually, on or before March 1, file a report with the Commissioner giving such information as the Commissioner may require. The report shall be made under oath and in the form prescribed by the Commissioner and shall be accompanied by the annual report filing fee. The Commissioner may make and publish annually, an analysis and recapitulation of such reports. In addition, the Commissioner may require such additional regular or special reports as are deemed necessary.