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Booklet 1 final caps is a form that summarizes the capital and surplus of an insurance company at the end of a reporting period.
Insurance companies are required to file booklet 1 final caps with the regulatory body.
Booklet 1 final caps is typically filled out by providing specific financial information about the insurance company, such as assets, liabilities, and surplus.
The purpose of booklet 1 final caps is to provide regulators with a snapshot of an insurance company's financial health and compliance with regulations.
Information such as total assets, total liabilities, total surplus, and various other financial metrics must be reported on booklet 1 final caps.
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