A financial statement required in every state. This statement is filed each year in the insurance company’s home state as well as any other state where the insurer possesses a license.
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MEDICAL,USA: Annual statement form that all insurance companies complete and submit annually to their state’s insurance regulators.
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Report form developed by the National Association of Insurance Commissioners (NAIC) and required by most states for reporting annual financial results of an insurance company. Owners of captive insurance companies usually consider completing these reports an onerous burden.
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REINSURANCE,REFERENCE: See: Annual Statement, Statutory Annual Statement.