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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved