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Each association formed under this chapter shall prepare and make out an annual report on forms to be furnished by the commissioner of commerce and insurance, containing:

  1. The name of the association;
  2. Its principal place of business;
  3. A general statement of its business operations during the fiscal year, showing the number of members, amount of membership fees received, and the amount of prescribed protective fees received;
  4. The total expenses of operations;
  5. The amount of its indebtedness or liability;
  6. Its balance sheets; and
  7. Such other information as may be required by the commissioner.