-6-
For 1994 and 1995, petitioner submitted its annual
statements to the department, and they were accepted without any
further review or examination.
Summary of Petitioner’s Operating Experience
Petitioner's surpluses as reported on its annual statements
for the years 1982 through 1995 were as follows:
Year Surplus
1982 $1,433,544
1983 1,419,147
1984 1,106,819
1985 11,011,148
1986 1,367,340
1987 2,956,033
1988 5,365,295
1989 6,716,661
1990 7,851,174
1991 10,138,154
1992 11,918,004
1993 14,025,806
1994 15,978,214
1995 18,348,818
1 Adjusted by the department’s commissioner to $7,995.
Beginning in 1988 and continuing through the years in issue,
petitioner declared dividends to its policyholders. Petitioner's
declared dividends for the years 1988 through 1997, stated as
4(...continued)
expenses. Petitioner established such an account for its first
report year (1995) after the department’s examination report was
received.
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