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Finance Dictionary and Glossary of Investment Terms
Convention statement
Definition 1.
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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Definition 2.
An annual statement that must be filed by life insurance companies in each state where they do business. These statements must meet the state's reporting requirements, and include such data as assets, liabilities and surplus.
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