(a)    (1)    Not later than June 30 of each year, the Society shall report to the Commissioner and to the General Assembly:

(i)    salaries and other compensation paid to officers, executives, and directors for the preceding calendar year;

(ii)    a summary and detailed financial statement for the four preceding calendar years indicating amounts for and changes in:

1.    insurance reserves and losses;

2.    assets and liabilities;

3.    income and expenses; and

4.    return on invested surplus; and

(iii)    management’s evaluation of the financial position of the Society.

(2)    The evaluation under paragraph (1)(iii) of this subsection shall include an analysis indicating whether sufficient resources exist to justify providing a dividend or similar distribution to members in the current year and, if not, how the current circumstances vary from prior years in which such distributions have been made.

(b)    Any rate filing by the Society shall include the information required under subsection (a) of this section.

(c)    (1)    Before the Society may pay to its members a dividend or similar distribution, the Society shall provide to the Commissioner, using a methodology prescribed by the Commissioner, an analysis indicating the extent to which the distribution results from any excess of premiums collected over accumulated losses for incidents arising in any premium year during which the State provided financial assistance.

(2)    (i)    To the extent the analysis required under paragraph (1) of this subsection determines that funds available for distribution are attributed to a year in which financial assistance is provided, the Commissioner shall order the Society to pay a portion of the distribution to the State.

(ii)    The amount paid to the State shall be determined based on the ratio of State expenditures for financial assistance to total premiums earned for each premium year for which State financial assistance was made.