Statutory financial statement definition

Statutory financial statement means quarterly, annual or other financial statements required by state law.

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Statutory financial statement means financial statements filed on either a quarterly or annual basis with the supervising insurance official, insurance department or insurance regulatory agency of the assuming insurer's state of domicile or, in the case of an alien assuming insurer, with the state through which it is entered and in which it is licensed to transact insurance or reinsurance. Any statutory financial statement required under this chapter shall be filed in accordance with the filing dates prescribed for the financial statements filed by licensed insurers pursuant to §§ 38.2-1300 and 38.2-1301 of the Code of Virginia.

Statutory financial statement means any annual account required to be prepared by the Dominant Provider in accordance with the requirements of the Companies Act 2006.

Examples of Statutory financial statement in a sentence

• The primary data sources used in the development of the MMC rates are the following: • Historical enrollment and eligibility files provided by ODM; • Encounter data submitted by the MCOs; • Annual cost report data submitted by the MCOs; • Re-priced inpatient and outpatient hospital claims experience provided by ODM; • CY 2019 Managed Care Plan (MCP) Survey completed by each MCO; • CY 2022 MCP Survey completed by each MCO; and, • Statutory financial statement data.

• The following data sources were utilized to inform adjustments to the plan-submitted encounter data: ◾ Historical MyCare eligibility files provided by ▇▇▇; ◾ Annual MyCare cost report data submitted by the MCOPs; ◾ Re-priced inpatient and outpatient hospital claims experience provided by ODM; ◾ Fee-for-service (FFS) data for dual eligibles; ◾ CY 2019 Survey submissions completed by each MCOP; and, ◾ Statutory financial statement data.

More Definitions of Statutory financial statement

Statutory financial statement means a quarterly, annual, or other financial statement required by law.

Statutory financial statement with respect to any period means the N.A.I.C. form of Convention Statement of Financial Condition for Fire and Casualty Insurers prepared and filed by the Company with the Connecticut Insurance Department as of the final day of the period with respect to which such Convention Statement of Financial Condition pertains in accordance with the Statutory Accounting Principles prescribed or permitted by the Connecticut Commissioner, together with the related notes and schedules thereto.