(a) Each licensee shall file an annual report as prescribed by the Department. The annual report shall include information on the ownership, operation, and statistical data sufficient to aid in determining compliance with the Insurance Code, Chapter 24.
(b) The annual report shall also include a sworn financial statement.
(c) Each insurance premium finance company licensed at any time during the preceding calendar year shall complete the annual report form and return it to the Department on or before April 1 of each year. The affidavit certifying the annual report shall be executed by an officer or director of the insurance premium finance company.

Source Note: The provisions of this §25.87 adopted to be effective May 17, 1995, 20 TexReg 3337.