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(a) As early in the calendar year as reasonably possible, the Insurance Commissioner annually shall prepare and deliver a report to the Secretary of the Department of Commerce showing, with respect to the preceding calendar year:
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(1) Names of the authorized insurers transacting insurance in this state, with a summary of their financial statements that the commissioner considers proper;
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(2) Names of admitted insurers that closed during the year or entered liquidation, a concise statement concerning the cause for each proceeding, and the amount of assets and liabilities as ascertainable;
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(3) The total receipts and expenses of the State Insurance Department for the year; and
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(4) Other pertinent information and matters the commissioner considers proper.
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(b) If the information required under subsection (a) of this section is contained on the state or the department’s website under § 25-19-108 or the Arkansas Financial Transparency Act, § 25-1-401 et seq., the report may refer to the web address where the information is located.
