(1) The association, in addition to the responsibilities outlined above, shall:

(a) for the protection of all concerned have its articles, by-laws, rules and procedures submitted to and approved by the commissioner. Any changes made therein shall also be submitted to and approved by the commissioner before becoming effective. Any such submission to the commissioner under this subsection shall be deemed approved if not expressly disapproved within 60 days of the date of submission;

(b) file with the commissioner, and update annually, a list of its members;

(c) keep complete records of all submissions from its members concerning surplus lines insurance transactions; provide accurate information to its members and the commissioner so that proper tax may be collected on surplus lines policies; and forward to the commissioner such submissions from surplus lines insurance producers and such reports as she requests;

(d) make its records available at any time for examination by the commissioner;

(e) report through its manager to the commissioner any transactions which come to its attention which may not comply with 33-2-301, et seq., MCA.