33-28-107. Reports and statements. (1) A captive insurance company is not required to make an annual report except as provided in this section.
     (2) (a) On or before March 1 of each year, each captive insurance company shall submit to the commissioner a report of its financial condition in a form and manner as required by the commissioner, verified by oath of two of its executive officers.
     (b) Each captive insurance company shall report using generally accepted accounting principles, unless the commissioner requires the use of statutory accounting principles, with any necessary or useful modifications or additions required by the commissioner. The commissioner may also require the report to be supplemented by additional information.

     History: En. Sec. 7, Ch. 298, L. 2001.