Insurance Regulation
By what date must an insurer file the annual statement of condition on which section 307 solvency oversight rests?
Answer and explanation
Answer: C. Section 307 calls for the annual statement showing the insurer's condition at the last year-end to be filed on or before the first day of March, executed in duplicate and verified by the oath of at least two principal officers. The April and June dates are not the statutory deadline.Source: N.Y. Ins. Law § 307 — § 307(a)
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