The following information shall be disclosed in any report of a material nonrenewal, cancellation, or revision of ceded reinsurance agreements:
(1) Effective date of the nonrenewal, cancellation, or revision;
(2) The description of the transaction with an identification of the initiator thereof;
(3) Purpose of, or reason for, the transaction; and
(4) If applicable, the identity of the replacement reinsurers.