Definitions for "Annual statement"
a detailed financial report that an insurance company must submit every year to the insurance department of the state(s) in which it conducts business.
A mortgage information statement sent out by the lender to all mortgagors. Statements are issued at the beginning of each year covering the period of the previous year January 1st to December 31st. Mortgage information statements are sent to the client once a year summarizing the balances on the mortgage. Information includes totals such as interest and principal paid and any taxed paid on the client's behalf during the year.
An accounting report that insurers must file each year with the appropriate regulatory agency. This report contains detailed accounting and statistical data that regulators use to evaluate a life and health insurance company's solvency and its compliance with insurance laws.
Keywords:  business
a must for any business