Section 551.50  Annual Financial Report on each syndicate

The annual financial report on each syndicate shall include the following:

a)         N.A.I.C. Fire and Casualty annual statement pages representing the following:

1)         Schedule of assets, liabilities, surplus and other funds.

2)         Statement of income and capital and surplus account.

3)         Statement of changes in financial position.

4)         Schedule of premiums written, earned, unearned and in force by annual statement line of business.

5)         Schedules of losses paid and incurred and loss adjustment expense outstanding by annual statement line of business.

6)         Five-year historical data.

7)         Loss development schedules.

8)         Exhibit of premiums and losses allocated by states and territories.

9)         All additional schedules filed annually with the Exchange pursuant to Section 107.13a of the Illinois Insurance Code.

b)         Notes to the above financial statements as required by generally accepted accounting principles, including a description of the accounting method used in this report.