Annual Convention Blank
Annual Convention Blank
A statement that an
insurance company must file each year with the state
regulator. The annual convention blank states an insurance company's
revenues,
expenditures,
investments, and lists every
employee who earns more than $40,000 per year. The annual convention blank ensures that an insurance company is able to pay
benefits on all policies on which
premiums have been paid. It is also called an annual statement.
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