(1)

1. (a) Each domestic, foreign, and alien insurer who is authorized to transact insurance business in this state shall annually, on or before March 1, file with the National Association of Insurance Commissioners a copy of the insurer's:

   1. (i) annual statement convention blank; and
   2. (ii) any additional filings required by the commissioner for the preceding year.

2. (b) The information filed with the National Association of Insurance Commissioners under Subsection (1)(a) shall:

   1. (i) be in the format and scope required by the commissioner; and

   2. (ii) include:

      1. (A) the signed jurat page; and
      2. (B) the actuarial certification.
3. (c) Any amendments and addendums to an annual statement that are filed with the commissioner shall be filed by the insurer with the National Association of Insurance Commissioners.
4. (d) At the time an insurer makes a filing under this Subsection (1), the insurer shall pay any filing fees assessed by the National Association of Insurance Commissioners.
5. (e) A foreign insurer that is domiciled in a state that has a law substantially similar to this section shall be considered to be in compliance with this section.

(3) The commissioner may suspend, revoke, or refuse to renew the certificate of authority of any insurer failing to:

1. (a) file the annual statement as required by Subsection (1)(a) when due or within any extension of time granted for good cause by:

   1. (i) the commissioner; or
   2. (ii) the National Association of Insurance Commissioners; or

2. (b) pay by the time specified in Subsection (3)(a) a fee the insurer is required to pay under this section to:

   1. (i) the commissioner; or
   2. (ii) the National Association of Insurance Commissioners.