Convention statement

Convention statement

An annual statement filed by a life insurance company in each state where it does business in compliance with that state's regulations. The statement and supporting documents show, among other things, the assets, liabilities, and surplus of the reporting company.

Convention Statement

A statement a life insurance company must file with a state government each year. Requirements for convention statements vary by state, but all states mandate that the company report its assets, liabilities, and current surplus. A single life insurance company must file a convention statement in each state where it does business.
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became the first company to computerize the print version of the NAIC Annual/Quarterly Convention Statement.
Carey added that this would be followed by the release of additional services, such as a tool allowing VTR subscribers to review financial ratings and convention statement data on the top 250 insurance companies, as well as additional product databases.
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