29 U.S.C. § 441 — Surety company reports; contents; waiver or modification of requirements respecting contents of reports

This section requires surety companies to file yearly reports with the Secretary about the bonds they issue. It applies to every surety company that issues a bond required either by this chapter or by the Employee Retirement Income Security Act of 1974 (ERISA). Each year, for every fiscal year one of these bonds was in force, the company must file a report. The president and treasurer (or the officers who hold those equivalent roles) must sign it. The report must be in whatever form and detail the Secretary requires by regulation, and it must describe the company's bond experience under each relevant chapter or Act. That includes the premiums received, the total claims paid, the amounts recovered through subrogation, administrative and legal expenses, and any other related data the Secretary decides is necessary in the public interest to carry out the policy of the chapter. There's a safety valve: if the Secretary finds that some specific piece of information can't practically be figured out, or wouldn't actually be useful, the Secretary may modify or waive the requirement to report it.