| REVENUES & EXPENSES
|
||||||||||||||||||||
|
||||||||||||||||||||
| Fines The Association has a fining procedure for delinquent, incorrect, or incomplete unit reports. This procedure generated $223,200 in fines in 1998. A summary on the status of the fine system is reported to the Commerce Department each month. The current procedure was implemented in 1990.
|
Insolvent
Fund Account The Association continues to make regular payments to claimants of Security Casualty Company of Chicago. No assessments were levied in 1998. |
|||||||||||||||||||
| Commitments & Contingencies Future lease commitments as of December 31, 1998 are as follows:
MWCIA Audited financial statements are available at the Association's offices. |
||||||||||||||||||||
| Table of Contents | Our Purpose | President's Message | Annual Meeting | Actuarial Services | Operations | Revenues & Expenses | Underwriting Services | Respected Industry Innovator | Information Services | ACCCT | Membership | John Hildebrandt-In Memoriam | ||||||||||||||||||||
