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REPORT ON EXAMINATIONOFERIE INSURANCE COMPANY OF NEW WORKS DECEMBER 31, 2015DATE OF REPORTJANUARY 6, 2017EXAMINERSUSAN K. EIDOLA, PORTABLE OF CONTENTSITEM NO.PAGE NO.1Scope of Examination22. Description
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Capital and surplus accounts are financial accounts that track the amount of capital and surplus a company has.
Companies that are required to report their financial information to regulatory authorities are typically required to file capital and surplus accounts.
Capital and surplus accounts are typically filled out by recording the company's capital contributions and any profits or losses.
The purpose of capital and surplus accounts is to provide transparency and accountability for a company's financial position.
Information such as capital contributions, retained earnings, and any changes in the company's net assets must be reported on capital and surplus accounts.
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