§432:2-602  Reports.  Reports shall be
filed in accordance with the provisions of this section.



(a)  Every society transacting business in this
State shall annually, on or before March 1, unless for cause shown such time
has been extended by the commissioner, file with the commissioner a true
statement of its financial condition, transactions and affairs for the
preceding calendar year and pay a fee of $7.50 for filing same.  The statement
shall be in general form and context as approved by the National Association of
Insurance Commissioners for fraternal benefit societies and as supplemented by
additional information required by the commissioner.



(b)  As part of the annual statement herein
required each society shall, on or before March 1, file with the commissioner a
valuation of its certificates in force on December 31 last preceding, provided
the commissioner may, in the commissioner's discretion for cause shown, extend
the time for filing such valuation for not more than two calendar months.  Such
valuation shall be done in accordance with the standards specified in section
432:2-601.  Such valuation and underlying data shall be certified by a
qualified actuary or, at the expense of the society, verified by the actuary of
the department of insurance of the state of domicile of the society.



(c)  A society neglecting to file the annual
statement in the form and within the time provided by this section shall be
liable for a penalty of $100 for each day during which such neglect continues,
and, upon notice by the commissioner to that effect, its authority to do
business in this State shall cease while such default continues. [L 1987, c
347, pt of §2]