1. (1)

   1. (a) Each authorized insurer shall annually, on or before March 1, file with the commissioner and the NAIC a true statement of the authorized insurer's financial condition, transactions, and affairs as of December 31 of the preceding year.

   2. (b) The statement required by Subsection (1)(a) shall be:

      1. (i) verified by the oaths of at least two of the insurer's principal officers; and
      2. (ii) in the general form and provide the information as prescribed by the commissioner by rule.

2. (2)

   1. (a) Each authorized insurer shall file with the commissioner and the NAIC a true statement of the insurer's financial condition, transactions, and affairs within 45 days after the close of the first, second, and third quarters of a calendar year.

   2. (b) A statement required by this Subsection (2) shall be:

      1. (i) verified by the oath of at least two of the insurer's principal officers; and
      2. (ii) in the general form and provide the information the commissioner requires by rule.

3. (3) The annual statement of an alien insurer shall:

   1. (a) relate only to the alien insurer's transactions and affairs in the United States unless the commissioner requires otherwise; and

   2. (b) be verified by:

      1. (i) the insurer's United States manager; or
      2. (ii) the insurer's authorized officers.
4. (4) The commissioner may, for good cause shown, extend the date for filing a statement required by this section.

Amended by Chapter 45, 2026 General Session