Section 180
SEC. 180. Every insurance company, doing business in the Philippine Islands, shall annually on or before the thirtieth day of April, of each year, render to the Insurance Commissioner a statement signed and sworn to by the chief officer of such company showing, in such form and detail as may be prescribed by the Insurance Commissioner, the exact condition of its affairs on the preceding thirty-first day of December. Provided, That in case the fiscal year of an insurance company does not terminate with the thirty-first day of December, it shall be deemed a sufficient compliance with this section if the report is made to coincide with the regular fiscal year of the company. In such case the report of the company shall be filed with the Insurance Commissioner within four months after the close of its fiscal year. And provided further, That the Insurance Commissioner may in his discretion, and upon approval of the Secretary of Finance and Justice, grant an extension of not exceeding three months, to any company, upon his being satisfied that the period of four months granted by this section is inadequate with regard to said company.