Commissioner’s Annual Report

(a)The Commissioner shall report to I Maga=lahi and I Liheslatura annually, within sixty

(60)days after the end of each fiscal year. His/her report shall include:

(1)The text of all rules of the Division of general application adopted or altered since his/her last previous report.

(2)Recommendations for legislation.

(3)A statement of the status and remaining assets and liabilities, as of the date of the most recent report of condition, summary of all changes occurring since his/her last previous report by reason of opening new territorial banks, mergers and conversions, and increases and decreases in capital of all banking organizations under the purview of the Commissioner.

(4)A statement of the status, assets and liabilities, report of condition, and increases and decreases in capital of all other entities herein referenced as banks and not covered by Item

(3)in this Subsection, based on criteria determined by the Commissioner.

(5)A tabulated statement and synopsis of the reports which have been filed in his/her office showing the conditions of every admitted insurer, the general condition of the insurance business and interests in Guam, and other matters covering insurance, for the preceding year.