Before entering upon the duties of his or her office, the superintendent shall file with the secretary of state a bond to the state of Rhode Island in the sum of ten thousand dollars ($10,000) with a surety or sureties to be approved by the general treasurer conditioned upon the faithful performance of his or her duties, and the premium on that bond shall be paid out of the appropriation for expenses of the division. The superintendent shall annually in the month of January make a report to the general assembly showing the activities of the division and shall also make such reports to the governor concerning the division as the governor shall request.
R.I. Gen. Laws § 42-28-6