-14-
Year Rating
1984 B
1985 unknown
1986 NA-7
1987 NA
1988 B+
1989 B+
1990 A-
1991 A-
1992 A-
2. Surpluses
Petitioner reported on its 1985 to 1992 annual statements
that it had the following surpluses:
Year Surplus reported
1985 $4,533,310
1986 5,481,798
1987 8,842,442
1988 10,371,232
1989 12,319,227
1990 14,382,840
1991 15,876,858
1992 18,195,874
3. Ultimate Loss Estimates
Petitioner reported the following initial estimates and
reestimates of its ultimate losses on its annual statements from
11(...continued)
to the norms of the property/casualty insurance industry. B
rated insurers generally have shown a good ability to meet
their policyholder and other contractual obligations.
d. NA (Not Assigned). Approximately 400 or 25 percent
of the companies reported on in Best's Insurance Reports are
not eligible for a Best's Rating (A+ to C). Companies with
an NA rating are assigned to one of 10 classifications to
identify why the company was not eligible for a Best's
Rating.
e. NA-7. Below Minimum Standards. Assigned to a
company that meets Best's minimum size and experience
requirements, but does not meet the minimum standards
for a Best's Rating of "C".
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