Also, contingent liabilities should be disclosed on the Quarterly Statement. Most recent C.P.A. Report, Report on Internal Control, and Management Letter, including information relative to any exceptions taken by the auditors and related Management comments. A copy of the Management's Discussion and Analysis as of the most recent year ended. A list of states and other areas in which the Company is licensed to transact surety business. A form for reporting this information can be ordered online.
Information is to be furnished as to how the excess amount of each risk has been protected.
In all casualty lines of business where the excess risks may be quite numerous and where reinsurance of such risks is covered automatically under reinsurance agreements, it is sufficient to list the largest risk underwritten in detail. A condensed summary showing the names of the reinsuring companies and the limits accepted by them on the various classes of business, will suffice. The Treasury Form FMS 285-A should be used for reporting the required information. A 285-A form is to be filed every quarter and can be ordered online. 15a. Copies of all reinsurance treaties currently in force and a condensed summary showing the following.