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. The NAIC appointed A.M.
Audited company financial statements, referred to as "Convention Statements," are supplied to the home state annually with a physical audit performed every three to five years.
In 1951, as Americans again found themselves entangled in a war, the Social Service Commission published an extensive report on the growth of militarism in American life and, citing earlier convention statements, voiced their opposition both to military education in the colleges and compulsory military training.
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