Define: CONVENTION STATEMENT

How is CONVENTION STATEMENT defined in a legal contract?

• CONVENTION STATEMENT means each financial statement submitted by a [organization] in the same format as other referenced financial statements, which could potentially be amended in the future based on the requirements of [organization]. Seen in 2 SEC filings
• CONVENTION STATEMENT means an annual statement or equivalent from each [organization] filed with the insurance authority or another insurance regulator from the state of incorporation. Seen in 2 SEC filings
• CONVENTION STATEMENT means every annual and quarterly financial statement of [organization] filed with the appropriate Governmental Authority of its state of domicile, with its form being potentially amended over time based on the Authority's requirements. Seen in 2 SEC filings
• CONVENTION STATEMENT means the set of financial statements, schedules, and exhibits submitted by an insurance company subsidiary to its state insurance regulators, substantially using a previously utilized format (or alternate format based on future state regulatory requirement), and aligned with statutory accounting principles. Line items in a Convention Statement can be updated to align with changes in the format of such statement. Seen in 1 SEC filing

Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.

Search EDGAR for 'Definitions of convention statement' yourself to verify these results. We are always keen to point people to source documents.

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Which definition should you use?

🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.

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Genie Definition 1

CONVENTION STATEMENT means annual or quarterly [organization] submitted financial statements, adhering to appropriate authority's requirements.

Relevant Contract Types

• Non-Disclosure Agreements
• Financial Services Contracts
• Sales Agreements

Relevant Circumstances

• Performance reviews
• Compliance documentation
• Business planning
• Merger and acquisitions

Relevant Sectors

• Financial Services
• Insurance
• Healthcare
• Real Estate

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Genie Definition 2

CONVENTION STATEMENT means financial records, including schedules and exhibits, filed in compliance with applicable [authority] and statutory accounting norms.

Relevant Contract Types

• Shareholder Agreements
• Joint Venture Agreements
• Investment Agreements

Relevant Circumstances

• Financial auditing
• Compliance and regulatory documentation
• Financial reporting

Relevant Sectors

• Manufacturing
• Construction
• Retail
• Technology

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