Question

If a company has direct premiums written less than $____________ in any calendar year and less than _________ policyholders or certificate holders of direct written policies nationwide at end of calendar year, then it may be exempt from filing an Audited Annual Statement.

Answer 1

In the context of insurance, if a company has direct premiums written less than a certain amount in any calendar year and less than a certain number of policyholders or certificate holders of direct written policies nationwide at the end of the calendar year, it may be exempt from filing an Audited Annual Statement.

Step-by-step explanation:

In the context of insurance, the question is asking about the criteria for an exemption from filing an Audited Annual Statement. If a company has direct premiums written less than a certain amount in any calendar year, and less than a certain number of policyholders or certificate holders of direct written policies nationwide at the end of the calendar year, it may be exempt from filing an Audited Annual Statement.