§ 5408. Annual statement. (a) The association shall annually file a statement in the office of the superintendent on or before the first day of March. Such statement shall be in a form approved by and contain information required by the superintendent with respect to its transactions, condition, operations and affairs during the preceding year.

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(b) The superintendent may at any time require the association to furnish additional information which he considers to be material in evaluating the scope, operation and experience of the association.