Each managed care contractor, as defined in § 58-17F-1, shall register with the director prior to engaging in any managed care business in this state. The registration shall be in a format prescribed by the director. In prescribing the form or in carrying out other functions required by §§ 58-17F-16 to 58-17F-20, inclusive, the director shall consult with the secretary if applicable. The director or the secretary may require that the following information be submitted:
(1) Information relating to its actual or anticipated activities in this state;
(2) The status of any accreditation designation it holds or has sought;
(3) Information pertaining to its place of business, officers, and directors;
(4) Qualifications of review staff; and
(5) Any other information reasonable and necessary to monitor its activities in this state.