Section 4516. Annual statement; valuation report; power of superintendent

(a) Every authorized society shall make special  reports  in  compliance
  with  section three hundred eight of this chapter, shall file its annual
  statement in conformity with the requirements of section  three  hundred
  seven  of  this chapter, and on or before the first day of March of each
  year, shall file with the  superintendent  a  valuation  report  of  its
  insurance  certificates  or other insurance obligations in force at last
  year-end in form and content prescribed  by  the  superintendent.  Every
  authorized  alien  society shall also make and file the trusteed surplus
  statement required by section one thousand three hundred twelve of  this
  chapter.
    (b)  The  superintendent  shall  annually  make  or  cause  to be made
  valuations  of  all  outstanding  certificates   and   other   insurance
  obligations of every domestic society, in accordance with the provisions
  of  this  article.  The superintendent may make such valuation, or cause
  the same to  be  made,  by  groups  of  certificates  using  approximate
  averages  for fractions of a year and otherwise. The superintendent may,
  in his discretion, make or cause to be made a similar valuation  of  the
  outstanding   certificates   and  other  insurance  obligations  of  any
  authorized foreign or alien society, or he may accept  in  lieu  thereof
  the  valuation made or accepted by the insurance department or insurance
  supervisory official of the state, province or  country  in  which  such
  society is domiciled.
    (c)  Every  domestic  society,  if  it  has an official publication or
  newspaper, shall publish therein a synopsis of its annual statement  and
  valuation  report  within sixty days after the same have been filed with
  the superintendent.
    (d) Every authorized society shall  submit  such  reports  as  may  be
  required  by the superintendent to demonstrate the activity of its lodge
  system,  its  expenditures  for  altruistic,   educational,   fraternal,
  patriotic  or  recreational  purposes  and other expenses of maintaining
  fraternal character.
    (e) The superintendent is authorized to engage outside  resources  and
  take  such  other  actions  he or she deems necessary and appropriate to
  ensure compliance with the requirements of this article and  to  provide
  assistance to and oversight of authorized societies.