Monkton Insurance Services Limited


Bermuda Prescribed Forms of Statutory Financial Statements

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Schedule of Prescribed Forms

Form 1 - Statutory Balance Sheet (General Business)

ASSETS

1. CASH AND TIME DEPOSIT

2. QUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Other quoted investments
d) Total quoted investments

3. UNQUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Total unquoted investments

4. INVESTMENTS IN AND ADVANCES TO AFFILIATES

5. INVESTMENTS IN MORTGAGE LOANS ON REAL ESTATE:
a) First liens
b) Other than first liens
c) Total investment in mortgage loans on real estate

7. REAL ESTATE:
a) Occupied by the company (less encumbrances)
b) Other properties (less encumbrances)
c) Total real estate

8. COLLATERAL LOANS

9. INVESTMENT INCOME DUE AND ACCRUED

10. ACCOUNTS AND PREMIUMS RECEIVABLE

11. REINSURANCE BALANCES RECEIVABLE

12. FUNDS HELD BY CEDING COMPANIES

13. SUNDRY ASSETS:
a)
b)
c)

14. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS
a)
b)
c)

15. TOTAL

GENERAL BUSINESS INSURANCE RESERVES, OTHER LIABILITIES AND STATUTORY CAPITAL AND SURPLUS

INSURANCE RESERVES

16. UNEARNED PREMIUM

17. LOSS AND LOSS EXPENSES PROVISIONS

18. OTHER INSURANCE RESERVES - GENERAL BUSINESS

19. TOTAL GENERAL BUSINESS INSURANCE RESERVES

OTHER LIABILITIES

28. INSURANCE AND REINSURANCE BALANCES PAYABLE

29. COMMISSIONS, EXPENSES, FEES AND TAXES PAYABLE

30. LOANS AND NOTES PAYABLE

31. a) INCOME TAXES PAYABLE
31. b) DEFERRED INCOME TAXES

32. AMOUNTS DUE TO AFFILIATES

33. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

34. FUNDS HELD UNDER REINSURANCE CONTRACTS

35. DIVIDENDS PAYABLE

36. SUNDRY LIABILITIES:
a)
b)
c)

37. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS

38. TOTAL OTHER LIABILITIES

39. TOTAL GENERAL BUSINESS INSURANCE RESERVES AND OTHER LIABILITIES

STATUTORY CAPITAL AND SURPLUS

40. TOTAL STATUTORY CAPITAL AND SURPLUS

41. TOTAL

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 2 - Statutory Statement of Income (General Business)

UNDERWRITING INCOME

1. GROSS PREMIUMS WRITTEN

2. REINSURANCE PREMIUMS CEDED

3. NET PREMIUMS WRITTEN

4. INCREASE (DECREASE) IN UNEARNED PREMIUMS

5. NET PREMIUMS EARNED

6. OTHER INSURANCE INCOME

7.

UNDERWRITING EXPENSES

8. NET LOSS INCURRED AND NET LOSS EXPENSES INCURRED

9. COMMISSIONS AND BROKERAGE

OTHER UNDERWRITING EXPENSES

10. GENERAL AND ADMINISTRATIVE

11. PERSONNEL COSTS

12. OTHER

13.

14. UNDERWRITING PROFIT (LOSS)

15. TRANSFERRED FROM (TO) OPEN YEAR BUSINESS REVENUE STATEMENT

16. NET UNDERWRITING PROFIT (LOSS)

17. GENERAL BUSINESS INVESTMENT INCOME - NET

18. INCOME BEFORE THE UNDERNOTED ITEMS

37. OTHER INCOME (DEDUCTIONS)

38. INCOME BEFORE TAXES

39. INCOME TAXES (IF APPLICABLE):
a) Current
b) Deferred
c) Total

40. INCOME BEFORE REALIZED GAINS (LOSSES)

41. REALIZED GAINS (LOSSES)

42. NET INCOME

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 3 - Statutory Open Year Business Revenue Statement (General Business)

Temporarily omitted

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 4 - Statutory Balance Sheet (Long-term Business)

ASSETS

1. CASH AND TIME DEPOSIT

2. QUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Other quoted investments
d) Total quoted investments

3. UNQUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Total unquoted investments

4. INVESTMENTS IN AND ADVANCES TO AFFILIATES

5. INVESTMENTS IN MORTGAGE LOANS ON REAL ESTATE:
a) First liens
b) Other than first liens
c) Total investment in mortgage loans on real estate

6. POLICY LOANS

7. REAL ESTATE:
a) Occupied by the company (less encumbrances)
b) Other properties (less encumbrances)
c) Total real estate

8. COLLATERAL LOANS

9. INVESTMENT INCOME DUE AND ACCRUED

10. ACCOUNTS AND PREMIUMS RECEIVABLE

11. REINSURANCE BALANCES RECEIVABLE

12. FUNDS HELD BY CEDING COMPANIES

13. SUNDRY ASSETS:
a)
b)
c)

14. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS
a)
b)
c)

15. TOTAL

LONG-TERM BUSINESS INSURANCE RESERVES, OTHER LIABILITIES AND STATUTORY CAPITAL AND SURPLUS

LONG-TERM BUSINESS INSURANCE RESERVES

20. RESERVES FOR REPORTED CLAIMS

21. RESERVES FOR UNREPORTED CLAIMS

22. POLICY RESERVES - LIFE

23. POLICY RESERVES - ACCIDENT AND HEALTH

24. POLICYHOLDERS' FUNDS ON DEPOSIT

25. LIABILITY FOR FUTURE POLICYHOLDERS' DIVIDENDS

26. OTHER INSURANCE RESERVES - LONG-TERM

27. TOTAL LONG-TERM BUSINESS INSURANCE RESERVES

OTHER LIABILITIES

28. INSURANCE AND REINSURANCE BALANCES PAYABLE

29. COMMISSIONS, EXPENSES, FEES AND TAXES PAYABLE

30. LOANS AND NOTES PAYABLE

31. a) INCOME TAXES PAYABLE
31. b) DEFERRED INCOME TAXES

32. AMOUNTS DUE TO AFFILIATES

33. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

34. FUNDS HELD UNDER REINSURANCE CONTRACTS

35. DIVIDENDS PAYABLE

36. SUNDRY LIABILITIES:
a)
b)
c)

37. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS

38. TOTAL OTHER LIABILITIES

39. TOTAL GENERAL BUSINESS INSURANCE RESERVES AND OTHER LIABILITIES

STATUTORY CAPITAL AND SURPLUS

40. TOTAL STATUTORY CAPITAL AND SURPLUS

41. TOTAL

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 5 - Statutory Statement of Income (Long-term Business)

19. PREMIUMS AND OTHER CONSIDERATIONS:
a) Life
b) Annuities
c) Accident and Health
d) Total Premiums and Other Considerations

20. LONG-TERM BUSINESS INVESTMENT INCOME - NET

21. OTHER INSURANCE INCOME

22.

DEDUCTIONS

23. Claims - Life

24. Policyholders' Dividends

25. Surrenders

26. Maturities

27. Annuities

28. Accident and Health Benefits

29. Commissions

30. Other

31.

32. OPERATING EXPENSES

33.

34. INCREASE (DECREASE) IN POLICY RESERVES (Actuarial Liabilities)
a) Life
b) Annuities
c) Accident and Health
d) Total Increase (Decrease) in policy reserves

35. INCOME BEFORE THE UNDERNOTED ITEMS

37. OTHER INCOME (DEDUCTIONS)

38. INCOME BEFORE TAXES

39. INCOME TAXES (IF APPLICABLE)
a) Current
b) Deferred
c) Total

40. INCOME BEFORE REALIZED GAINS (LOSSES)

41. REALIZED GAINS (LOSSES)

42. NET INCOME

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 6 - Statutory Balance Sheet (Section 24(6) Composite)

ASSETS

1. CASH AND TIME DEPOSIT

2. QUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Other quoted investments
d) Total quoted investments

3. UNQUOTED INVESTMENTS:
a) Bonds and Debentures
b) Equities (preferred and ordinary)
c) Total unquoted investments

4. INVESTMENTS IN AND ADVANCES TO AFFILIATES

5. INVESTMENTS IN MORTGAGE LOANS ON REAL ESTATE:
a) First liens
b) Other than first liens
c) Total investment in mortgage loans on real estate

6. POLICY LOANS

7. REAL ESTATE:
a) Occupied by the company (less encumbrances)
b) Other properties (less encumbrances)
c) Total real estate

8. COLLATERAL LOANS

9. INVESTMENT INCOME DUE AND ACCRUED

10. ACCOUNTS AND PREMIUMS RECEIVABLE

11. REINSURANCE BALANCES RECEIVABLE

12. FUNDS HELD BY CEDING COMPANIES

13. SUNDRY ASSETS:
a)
b)
c)

14. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS
a)
b)
c)

15. TOTAL

GENERAL BUSINESS INSURANCE RESERVES, LONG-TERM BUSINESS INSURANCE RESERVES, OTHER LIABILITIES AND STATUTORY CAPITAL AND SURPLUS

GENERAL BUSINESS INSURANCE RESERVES

16. UNEARNED PREMIUM

17. LOSS AND LOSS EXPENSES PROVISIONS

18. OTHER INSURANCE RESERVES - GENERAL BUSINESS

19. TOTAL GENERAL BUSINESS INSURANCE RESERVES

LONG-TERM BUSINESS INSURANCE RESERVES

20. RESERVES FOR REPORTED CLAIMS

21. RESERVES FOR UNREPORTED CLAIMS

22. POLICY RESERVES - LIFE

23. POLICY RESERVES - ACCIDENT AND HEALTH

24. POLICYHOLDERS' FUNDS ON DEPOSIT

25. LIABILITY FOR FUTURE POLICYHOLDERS' DIVIDENDS

26. OTHER INSURANCE RESERVES - LONG-TERM

27. TOTAL LONG-TERM BUSINESS INSURANCE RESERVES


OTHER LIABILITIES

28. INSURANCE AND REINSURANCE BALANCES PAYABLE

29. COMMISSIONS, EXPENSES, FEES AND TAXES PAYABLE

30. LOANS AND NOTES PAYABLE

31. a) INCOME TAXES PAYABLE
31. b) DEFERRED INCOME TAXES

32. AMOUNTS DUE TO AFFILIATES

33. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

34. FUNDS HELD UNDER REINSURANCE CONTRACTS

35. DIVIDENDS PAYABLE

36. SUNDRY LIABILITIES:
a)
b)
c)

37. LETTERS OF CREDIT, GUARANTEES AND OTHER INSTRUMENTS

38. TOTAL OTHER LIABILITIES

39. TOTAL GENERAL BUSINESS INSURANCE RESERVES AND OTHER LIABILITIES

STATUTORY CAPITAL AND SURPLUS

40. TOTAL STATUTORY CAPITAL AND SURPLUS

41. TOTAL

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 7 - Statutory Statement of Income (Section 24(6) Composite)

UNDERWRITING INCOME

1. GROSS PREMIUMS WRITTEN

2. REINSURANCE PREMIUMS CEDED

3. NET PREMIUMS WRITTEN

4. INCREASE (DECREASE) IN UNEARNED PREMIUMS

5. NET PREMIUMS EARNED

6. OTHER INSURANCE INCOME

7.

UNDERWRITING EXPENSES

8. NET LOSS INCURRED AND NET LOSS EXPENSES INCURRED

9. COMMISSIONS AND BROKERAGE

OTHER UNDERWRITING EXPENSES

10. GENERAL AND ADMINISTRATIVE

11. PERSONNEL COSTS

12. OTHER

13.

14. UNDERWRITING PROFIT (LOSS)

15. TRANSFERRED FROM (TO) OPEN YEAR BUSINESS REVENUE STATEMENT

16. NET UNDERWRITING PROFIT (LOSS)

17. GENERAL BUSINESS INVESTMENT INCOME - NET

18. INCOME FROM GENERAL BUSINESS BEFORE THE UNDERNOTED ITEMS

19. PREMIUMS AND OTHER CONSIDERATIONS:
a) Life
b) Annuities
c) Accident and Health
d) Total Premiums and Other Considerations

20. LONG-TERM BUSINESS INVESTMENT INCOME - NET

21. OTHER INSURANCE INCOME

22.

DEDUCTIONS

23. Claims - Life

24. Policyholders' Dividends

25. Surrenders

26. Maturities

27. Annuities

28. Accident and Health Benefits

29. Commissions

30. Other

31.

32. OPERATING EXPENSES

33.

34. INCREASE (DECREASE) IN POLICY RESERVES (Actuarial Liabilities)
a) Life
b) Annuities
c) Accident and Health
d) Total Increase (Decrease) in policy reserves

35. INCOME BEFORE THE UNDERNOTED ITEMS

COMBINED INCOME AND UNALLOCATED ITEMS

INCOME BEFORE UNALLOCATED ITEMS

18. GENERAL BUSINESS

35. LONG-TERM BUSINESS

36. COMBINED INCOME

37. OTHER INCOME (DEDUCTIONS)

38. INCOME BEFORE TAXES

39. INCOME TAXES (IF APPLICABLE)
a) Current
b) Deferred
c) Total

40. INCOME BEFORE REALIZED GAINS (LOSSES)

41. REALIZED GAINS (LOSSES)

42. NET INCOME

(Return to Schedule of Prescribed Forms)

(Return to Arrangement of Regulations)

Form 8 - Statutory Statement of Capital and Surplus

1. STATUTORY CAPITAL:
a) Capital Stock
authorized _______ shares of par value ______ each issued
and fully paid _______ shares
b) Contributed surplus
c) Any other fixed capital
d) Total Statutory Capital

2. STATUTORY SURPLUS:
a) Statutory Surplus - Beginning of Year
b) Add: Income for the year
c) Less: Dividends paid and payable
d) Add (Deduct) change in unrealized appreciation
(depreciation) in investments
e) Add (Deduct) change in non-admitted assets
f) Add (Deduct) change in appraisal of real estate
g) Add (Deduct) change in any other statutory surplus
h) Statutory Surplus - End of Year

3. TOTAL STATUTORY CAPITAL AND SURPLUS

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(Return to Arrangement of Regulations)

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