449. The annual report of a federation must include
(1) the names and addresses of its directors;
(2) its financial statements;
(3) the financial statements of its guarantee fund and, if applicable, of its segregated investment funds;
(4) a statement of each member company’s contribution to the capital of the guarantee fund; and
(5) the auditors’ reports.
The federation must send a copy of its annual report to the member companies.