Convention statement

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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.

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became the first company to computerize the print version of the NAIC Annual/Quarterly Convention Statement.

Annual checkup: the U.S. insurers' annual statement has evolved from ... by Lencsis, Peter M. / Best's Review

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