(a) Not later than the 10th day after the date a person becomes an insider, the insider shall file with the department a statement of the amount of all equity securities of the insurer of which the insider is a beneficial owner.
(b) If in any month a change occurs in the amount of the equity securities of which the insider is a beneficial owner, the insider shall file with the department not later than the 10th day of the following month a statement that indicates:
(1) the amount of all equity securities of which the insider is a beneficial owner as of the end of that month; and
(2) the changes in the insider's ownership that occurred in that month.
(c) A statement under this section must be in the form prescribed by the department.