Convention statement

Definition:

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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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Public limited partnership

A limited partnership with an unlimited number of partners that is registered with the SEC and is available for public trading by broker/dealers.

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