Legislation
SECTION 5511
Annual statement
Insurance (ISC) CHAPTER 28, ARTICLE 55
§ 5511. Annual statement. (a) The association shall annually file a
statement in the office of the superintendent on or before the first day
of March. The statement shall be in a form approved by and contain
information prescribed by the superintendent with respect to its
transactions, condition, operations and affairs during the preceding
year.
(b) The superintendent may, at any time, require the association to
furnish additional information with respect to its transactions,
condition or any matter connected therewith which he considers to be
material and which will assist him in evaluating the scope, operation
and experience of the association.
(c) The association shall include as an asset the then present value
of annuity payments to which it is entitled in accordance with
subdivision (b) of section five thousand thirty-six of the civil
practice law and rules.
statement in the office of the superintendent on or before the first day
of March. The statement shall be in a form approved by and contain
information prescribed by the superintendent with respect to its
transactions, condition, operations and affairs during the preceding
year.
(b) The superintendent may, at any time, require the association to
furnish additional information with respect to its transactions,
condition or any matter connected therewith which he considers to be
material and which will assist him in evaluating the scope, operation
and experience of the association.
(c) The association shall include as an asset the then present value
of annuity payments to which it is entitled in accordance with
subdivision (b) of section five thousand thirty-six of the civil
practice law and rules.