ANNUAL STATEMENT
OF THE
FLORIDA SELECT INSURANCE
COMPANY IN RECEIVERSHIP
Of
TALLAHASSEE
in the state of FL
to the Insurance Department
of the State of
For the Year Ended
December 31, 2009
2009
PROPERTY AND CASUALTY
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
ASSETS
1
Current Year
2
Assets
Nonadmitted
Assets
3
Net Admitted
Assets
(Cols. 1 - 2)
Prior Year
4
Net
Admitted Assets
1.
Bonds (Schedule D)........................................................................................................... ......................149,849 .................................... ......................149,849 ......................149,734
2.
Stocks (Schedule D):
3.
4.
2.1
Preferred stocks....................................................................................................... .................................... .................................... .................................0 ....................................
2.2
Common stocks....................................................................................................... .................................... .................................... .................................0 ....................................
Mortgage loans on real estate (Schedule B):
3.1
First liens.................................................................................................................. .................................... .................................... .................................0 ....................................
3.2
Other than first liens................................................................................................. .................................... .................................... .................................0 ....................................
Real estate (Schedule A):
4.1
Properties occupied by the company (less $..........0
encumbrances)........................................................................................................ .................................... .................................... .................................0 ....................................
4.2
Properties held for the production of income (less $..........0
encumbrances)........................................................................................................ .................................... .................................... .................................0 ....................................
4.3
Properties held for sale (less $..........0 encumbrances).......................................... .................................... .................................... .................................0 ....................................
5.
Cash ($.....81,712, Sch. E-Part 1), cash equivalents ($.....6,098,791,
Sch. E-Part 2) and short-term investments ($..........0, Sch. DA)....................................... ...................6,180,503 .................................... ...................6,180,503 ...................1,382,365
6.
Contract loans (including $..........0 premium notes).......................................................... .................................... .................................... .................................0 ....................................
7.
Other invested assets (Schedule BA)................................................................................ .................................... .................................... .................................0 ....................................
8.
Receivables for securities.................................................................................................. .................................... .................................... .................................0 ....................................
9.
Aggregate write-ins for invested assets............................................................................. .................................0 .................................0 .................................0 .................................0
10. Subtotals, cash and invested assets (Lines 1 to 9)........................................................... ...................6,330,352 .................................0 ...................6,330,352 ...................1,532,099
11. Title plants less $..........0 charged off (for Title insurers only)........................................... .................................... .................................... .................................0 ....................................
12. Investment income due and accrued................................................................................. ........................12,668 .................................... ........................12,668 ..........................3,163
13. Premiums and considerations:
13.1 Uncollected premiums and agents' balances in course of collection..................... ......................119,090 ......................119,090 .................................0 .................................0
13.2 Deferred premiums, agents' balances and installments booked but deferred
and not yet due (including $..........0 earned but unbilled premiums)...................... .................................... .................................... .................................0 ....................................
13.3 Accrued retrospective premiums............................................................................. .................................... .................................... .................................0 ....................................
14. Reinsurance:
14.1 Amounts recoverable from reinsurers..................................................................... .................................... .................................... .................................0 .................10,016,047
14.2 Funds held by or deposited with reinsured companies........................................... .................................... .................................... .................................0 ....................................
14.3 Other amounts receivable under reinsurance contracts......................................... .................................... .................................... .................................0 ......................233,630
15. Amounts receivable relating to uninsured plans................................................................ .................................... .................................... .................................0 ....................................
16.1 Current federal and foreign income tax recoverable and interest thereon....................... .................................... .................................... .................................0 ....................................
16.2 Net deferred tax asset........................................................................................................ ......................141,453 ......................131,287 ........................10,166 ....................................
17. Guaranty funds receivable or on deposit........................................................................... .................................... .................................... .................................0 ....................................
18. Electronic data processing equipment and software......................................................... .................................... .................................... .................................0 ....................................
19. Furniture and equipment, including health care delivery assets ($..........0)..................... .................................... .................................... .................................0 ....................................
20. Net adjustment in assets and liabilities due to foreign exchange rates............................ .................................... .................................... .................................0 ....................................
21. Receivables from parent, subsidiaries and affiliates......................................................... .................................... .................................... .................................0 ....................................
22. Health care ($..........0) and other amounts receivable...................................................... .................................... .................................... .................................0 ....................................
23. Aggregate write-ins for other than invested assets........................................................... ..........................3,302 .................................0 ..........................3,302 .............................985
24. Total assets excluding Separate Accounts, Segregated Accounts and Protected
Cell Accounts (Lines 10 to 23)........................................................................................... ...................6,606,865 ......................250,377 ...................6,356,488 .................11,785,924
25. From Separate Accounts, Segregated Accounts and Protected Cell Accounts............... .................................... .................................... .................................0 ....................................
26. TOTALS (Lines 24 and 25)................................................................................................ ...................6,606,865 ......................250,377 ...................6,356,488 .................11,785,924
DETAILS OF WRITE-INS
0901. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
0902. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
0903. ............................................................................................................................................ .................................... .................................... .................................0 ....................................
0998. Summary of remaining write-ins for Line 9 from overflow page........................................ .................................0 .................................0 .................................0 .................................0
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above).................................................. .................................0 .................................0 .................................0 .................................0
2301. Due from Vesta Fire Insurance Company for Paid Losses and LAE................................ .................................... .................................... .................................0 ....................................
2302. Escrow Ceded Unearned Premium................................................................................... .................................... .................................... .................................0 ....................................
2303. Premium Refunds/Suspense............................................................................................. ..........................3,302 .................................... ..........................3,302 .............................985
2398. Summary of remaining write-ins for Line 23 from overflow page...................................... .................................0 .................................0 .................................0 .................................0
2399. Totals (Lines 2301 thru 2303 plus 2398) (Line 23 above)................................................ ..........................3,302 .................................0 ..........................3,302 .............................985
2
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
LIABILITIES, SURPLUS AND OTHER FUNDS
1
Current Year
2
Prior Year
1.
Losses (Part 2A, Line 35, Column 8)..................................................................................................................................................... .......................3,678,020
.......................1,456,315
2.
Reinsurance payable on paid losses and loss adjustment expenses (Schedule F, Part 1, Column 6)............................................... ......................................... .........................................
3.
Loss adjustment expenses (Part 2A, Line 35, Column 9)..................................................................................................................... ..........................558,900 ..........................407,935
4.
Commissions payable, contingent commissions and other similar charges......................................................................................... ......................................... .........................................
5.
Other expenses (excluding taxes, licenses and fees)........................................................................................................................... ............................45,912 .......................5,112,653
6.
Taxes, licenses and fees (excluding federal and foreign income taxes)............................................................................................... ..........................221,990 ..........................590,941
7.1
Current federal and foreign income taxes (including $..........0 on realized capital gains (losses))...................................................... ......................................... .......................2,686,852
7.2
Net deferred tax liability.......................................................................................................................................................................... ......................................... .........................................
8.
Borrowed money $..........0 and interest thereon $..........0.................................................................................................................... ......................................... .........................................
9.
Unearned premiums (Part 1A, Line 38, Column 5) (after deducting unearned premiums for ceded reinsurance of
$..........0 and including warranty reserves of $..........0)......................................................................................................................... ......................................... .........................................
10.
Advance premium................................................................................................................................................................................... ......................................... .........................................
11.
Dividends declared and unpaid:
11.1 Stockholders................................................................................................................................................................................... ......................................... .........................................
11.2 Policyholders.................................................................................................................................................................................. ......................................... .........................................
12.
Ceded reinsurance premiums payable (net of ceding commissions)................................................................................................... ......................................... ..........................421,655
13.
Funds held by company under reinsurance treaties (Schedule F, Part 3, Column 19)........................................................................ ......................................... .........................................
14.
Amounts withheld or retained by company for account of others......................................................................................................... ......................................... .........................................
15.
Remittances and items not allocated..................................................................................................................................................... .......................1,723,676 .......................1,683,368
16.
Provision for reinsurance (Schedule F, Part 7)...................................................................................................................................... ......................................... .....................10,204,415
17.
Net adjustments in assets and liabilities due to foreign exchange rates............................................................................................... ......................................... .........................................
18.
Drafts outstanding.................................................................................................................................................................................. ......................................... .........................................
19.
Payable to parent, subsidiaries and affiliates........................................................................................................................................ ..........................550,399 ..........................550,399
20.
Payable for securities............................................................................................................................................................................. ......................................... .........................................
21.
Liability for amounts held under uninsured plans.................................................................................................................................. ......................................... .........................................
22.
Capital notes $...........0 and interest thereon $..........0.......................................................................................................................... ......................................... .........................................
23.
Aggregate write-ins for liabilities............................................................................................................................................................ ......................................0 ......................................0
24.
Total liabilities excluding protected cell liabilities (Lines 1 through 23)................................................................................................. .......................6,778,897 .....................23,114,533
25.
Protected cell liabilities........................................................................................................................................................................... ......................................... .........................................
26.
Total liabilities (Lines 24 and 25)............................................................................................................................................................ .......................6,778,897 .....................23,114,533
27.
Aggregate write-ins for special surplus funds........................................................................................................................................ ......................................0 ......................................0
28.
Common capital stock............................................................................................................................................................................ .......................2,500,000 .......................2,500,000
29.
Preferred capital stock............................................................................................................................................................................ ......................................... .........................................
30.
Aggregate write-ins for other than special surplus funds...................................................................................................................... ......................................0 ......................................0
31.
Surplus notes.......................................................................................................................................................................................... ......................................... .........................................
32.
Gross paid in and contributed surplus................................................................................................................................................... .....................16,575,875 .....................16,575,875
33.
Unassigned funds (surplus).................................................................................................................................................................... ....................(19,498,284) ....................(30,404,484)
34.
Less treasury stock, at cost:
34.1 ..........0.000 shares common (value included in Line 28 $..........0)............................................................................................ ......................................... .........................................
34.2 ..........0.000 shares preferred (value included in Line 29 $..........0)........................................................................................... ......................................... .........................................
35.
Surplus as regards policyholders (Lines 27 to 33, less 34) (Page 4, Line 39)...................................................................................... .........................(422,409) ....................(11,328,609)
36.
TOTALS (Page 2, Line 26, Col. 3)......................................................................................................................................................... .......................6,356,488 .....................11,785,924
DETAILS OF WRITE-INS
2301. Premium Refunds/Suspense................................................................................................................................................................. ......................................... .........................................
2302. ................................................................................................................................................................................................................ ......................................... .........................................
2303. ................................................................................................................................................................................................................ ......................................... .........................................
2398. Summary of remaining write-ins for Line 23 from overflow page.......................................................................................................... ......................................0 ......................................0
2399. Totals (Lines 2301 thru 2303 plus 2398) (Line 23 above)..................................................................................................................... ......................................0 ......................................0
2701. ................................................................................................................................................................................................................ ......................................... .........................................
2702. ................................................................................................................................................................................................................ ......................................... .........................................
2703. ................................................................................................................................................................................................................ ......................................... .........................................
2798. Summary of remaining write-ins for Line 27 from overflow page.......................................................................................................... ......................................0 ......................................0
2799. Totals (Lines 2701 thru 2703 plus 2798) (Line 27 above)..................................................................................................................... ......................................0 ......................................0
3001. ................................................................................................................................................................................................................ ......................................... .........................................
3002. ................................................................................................................................................................................................................ ......................................... .........................................
3003. ................................................................................................................................................................................................................ ......................................... .........................................
3098. Summary of remaining write-ins for Line 30 from overflow page.......................................................................................................... ......................................0 ......................................0
3099. Totals (Lines 3001 thru 3003 plus 3098) (Line 30 above)..................................................................................................................... ......................................0 ......................................0
3
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
STATEMENT OF INCOME
2.
3.
4.
5.
6.
7.
8.
1
2
Current Year
Prior Year
Premiums earned (Part 1, Line 35, Column 4).................................................................................................................. ........................(4,674,273) ...........................(258,156)
DEDUCTIONS
Losses incurred (Part 2, Line 35, Column 7)..................................................................................................................... .......................22,081,522 ........................(1,121,718)
Loss adjustment expenses incurred (Part 3, Line 25, Column 1)....................................................................................... ............................462,826 ...........................(265,207)
Other underwriting expenses incurred (Part 3, Line 25, Column 2).................................................................................... ............................763,785 .........................1,865,971
Aggregate write-ins for underwriting deductions................................................................................................................ .......................................0 .......................................0
Total underwriting deductions (Lines 2 through 5)............................................................................................................. .......................23,308,133 ............................479,046
Net income of protected cells............................................................................................................................................ .......................................... ..........................................
Net underwriting gain (loss) (Line 1 minus Line 6 plus Line 7)........................................................................................... ......................(27,982,406) ...........................(737,202)
9.
10.
11.
Net investment income earned (Exhibit of Net Investment Income, Line 17)..................................................................... ............................146,183 ............................116,536
Net realized capital gains (losses) less capital gains tax of $..........0 (Exhibit of Capital Gains (Losses)).......................... .......................................... ..........................................
Net investment gain (loss) (Lines 9 + 10).......................................................................................................................... ............................146,183 ............................116,536
UNDERWRITING INCOME
1.
INVESTMENT INCOME
OTHER INCOME
12. Net gain (loss) from agents' or premium balances charged off (amount recovered $..........0
amount charged off $..........0)..........................................................................................................................................
13. Finance and service charges not included in premiums.....................................................................................................
14. Aggregate write-ins for miscellaneous income...................................................................................................................
15. Total other income (Lines 12 through 14)..........................................................................................................................
16. Net income before dividends to policyholders, after capital gains tax and before all other federal and foreign
income taxes (Lines 8 + 11 + 15)......................................................................................................................................
17. Dividends to policyholders.................................................................................................................................................
18. Net income, after dividends to policyholders, after capital gains tax and before all other federal and foreign
income taxes (Line 16 minus Line 17)...............................................................................................................................
19. Federal and foreign income taxes incurred........................................................................................................................
20. Net income (Line 18 minus Line 19) (to Line 22)...............................................................................................................
.......................................0
..........................................
...............................(1,862)
...............................(1,862)
.....................................11
..........................................
...........................(147,168)
...........................(147,157)
......................(27,838,085) ...........................(767,823)
.......................................... ..........................................
......................(27,838,085) ...........................(767,823)
........................(2,683,608) ...........................(167,567)
......................(25,154,477) ...........................(600,256)
CAPITAL AND SURPLUS ACCOUNT
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
34.
35.
36.
37.
38.
39.
Surplus as regards policyholders, December 31 prior year (Page 4, Line 39, Column 2)...................................................
Net income (from Line 20).................................................................................................................................................
Net transfers (to) from Protected Cell accounts.................................................................................................................
Change in net unrealized capital gains or (losses) less capital gains tax of $..........0........................................................
Change in net unrealized foreign exchange capital gain (loss)..........................................................................................
Change in net deferred income tax....................................................................................................................................
Change in nonadmitted assets (Exhibit of Nonadmitted Assets, Line 26 Column 3)..........................................................
Change in provision for reinsurance (Page 3, Line 16, Column 2 minus Column 1)...........................................................
Change in surplus notes....................................................................................................................................................
Surplus (contributed to) withdrawn from protected cells....................................................................................................
Cumulative effect of changes in accounting principles.......................................................................................................
Capital changes:
32.1 Paid in......................................................................................................................................................................
32.2 Transferred from surplus (Stock Dividend)...............................................................................................................
32.3 Transferred to surplus..............................................................................................................................................
Surplus adjustments:
33.1 Paid in......................................................................................................................................................................
33.2 Transferred to capital (Stock Dividend).....................................................................................................................
33.3. Transferred from capital..........................................................................................................................................
Net remittances from or (to) Home Office..........................................................................................................................
Dividends to stockholders..................................................................................................................................................
Change in treasury stock (Page 3, Lines 34.1 and 34.2, Column 2 minus Column 1)........................................................
Aggregate write-ins for gains and losses in surplus...........................................................................................................
Change in surplus as regards policyholders for the year (Lines 22 through 37).................................................................
Surplus as regards policyholders, December 31 current year (Line 21 plus Line 38) (Page 3, Line 35).............................
0501.
0502.
0503.
0598.
0599.
1401.
1402.
1403.
1498.
1499.
3701.
3702.
3703.
3798.
3799.
DETAILS OF WRITE-INS
Unearned Ceding Commissions........................................................................................................................................
..........................................................................................................................................................................................
..........................................................................................................................................................................................
Summary of remaining write-ins for Line 5 from overflow page.........................................................................................
Totals (Lines 0501 thru 0503 plus 0598) (Line 5 above)....................................................................................................
Miscellaneous Income/Expense........................................................................................................................................
Gain of Sale of Assets.......................................................................................................................................................
..........................................................................................................................................................................................
Summary of remaining write-ins for Line 14 from overflow page.......................................................................................
Totals (Lines 1401 thru 1403 plus 1498) (Line 14 above)..................................................................................................
Other effects of 2006 amended annual statement on surplus............................................................................................
..........................................................................................................................................................................................
..........................................................................................................................................................................................
Summary of remaining write-ins for Line 37 from overflow page.......................................................................................
Totals (Lines 3701 thru 3703 plus 3798) (Line 37 above)..................................................................................................
33.
4
......................(11,328,609)
......................(25,154,477)
..........................................
..........................................
..........................................
........................(8,731,133)
.......................34,587,395
.......................10,204,415
..........................................
..........................................
..........................................
......................(13,458,522)
...........................(600,256)
..........................................
..........................................
..........................................
.............................(71,866)
............................132,768
.........................2,669,267
..........................................
..........................................
..........................................
.......................................... ..........................................
.......................................... ..........................................
.......................................... ..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
.......................................0
.......................10,906,200
...........................(422,409)
..........................................
..........................................
..........................................
..........................................
..........................................
..........................................
.......................................0
.........................2,129,913
......................(11,328,609)
..........................................
..........................................
..........................................
.......................................0
.......................................0
...............................(1,862)
..........................................
..........................................
.......................................0
...............................(1,862)
..........................................
..........................................
..........................................
.......................................0
.......................................0
..........................................
..........................................
..........................................
.......................................0
.......................................0
...........................(147,168)
..........................................
..........................................
.......................................0
...........................(147,168)
..........................................
..........................................
..........................................
.......................................0
.......................................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
CASH FLOW
1
Current Year
2
Prior Year
CASH FROM OPERATIONS
1.
Premiums collected net of reinsurance............................................................................................................................... .........................(416,075) .......................1,256,370
2.
Net investment income....................................................................................................................................................... ..........................136,563 ..........................135,997
3.
Miscellaneous income......................................................................................................................................................... .............................(1,862) .........................(147,157)
4.
Total (Lines 1 through 3)..................................................................................................................................................... .........................(281,374) .......................1,245,210
5.
Benefit and loss related payments...................................................................................................................................... .....................14,148,404 .......................1,946,981
6.
Net transfers to Separate Accounts, Segregated Accounts and Protected Cell Accounts................................................... ........................................ ........................................
7.
Commissions, expenses paid and aggregate write-ins for deductions................................................................................. .......................6,647,346 .......................2,480,450
8.
Dividends paid to policyholders........................................................................................................................................... ........................................ ........................................
9.
Federal and foreign income taxes paid (recovered) net of $..........0 tax on capital gains (losses)....................................... ..............................3,244 ........................................
10.
Total (Lines 5 through 9)..................................................................................................................................................... .....................20,798,994 .......................4,427,431
11.
Net cash from operations (Line 4 minus Line 10)................................................................................................................ ....................(21,080,368) ......................(3,182,221)
CASH FROM INVESTMENTS
12.
Proceeds from investments sold, matured or repaid:
12.1 Bonds........................................................................................................................................................................ ........................................ ........................................
12.2 Stocks....................................................................................................................................................................... ........................................ ........................................
12.3 Mortgage loans......................................................................................................................................................... ........................................ ........................................
12.4 Real estate................................................................................................................................................................ ........................................ ........................................
12.5 Other invested assets............................................................................................................................................... ........................................ ........................................
12.6 Net gains or (losses) on cash, cash equivalents and short-term investments............................................................ ........................................ ........................................
12.7 Miscellaneous proceeds............................................................................................................................................ ........................................ ........................................
12.8 Total investment proceeds (Lines 12.1 to 12.7)......................................................................................................... .....................................0 .....................................0
13.
Cost of investments acquired (long-term only):
13.1 Bonds........................................................................................................................................................................ ........................................ ........................................
13.2 Stocks....................................................................................................................................................................... ........................................ ........................................
13.3 Mortgage loans......................................................................................................................................................... ........................................ ........................................
13.4 Real estate................................................................................................................................................................ ........................................ ........................................
13.5 Other invested assets............................................................................................................................................... ........................................ ........................................
13.6 Miscellaneous applications........................................................................................................................................ ........................................ ........................................
13.7 Total investments acquired (Lines 13.1 to 13.6)........................................................................................................ .....................................0 .....................................0
14.
Net increase (decrease) in contract loans and premium notes............................................................................................ ........................................ ........................................
15.
Net cash from investments (Line 12.8 minus Lines 13.7 minus Line 14)............................................................................. .....................................0 .....................................0
CASH FROM FINANCING AND MISCELLANEOUS SOURCES
16.
Cash provided (applied):
16.1 Surplus notes, capital notes...................................................................................................................................... ........................................ ........................................
16.2 Capital and paid in surplus, less treasury stock......................................................................................................... ........................................ ........................................
16.3 Borrowed funds......................................................................................................................................................... ........................................ ........................................
16.4 Net deposits on deposit-type contracts and other insurance liabilities....................................................................... ........................................ ........................................
16.5 Dividends to stockholders......................................................................................................................................... ........................................ ........................................
16.6 Other cash provided (applied)................................................................................................................................... .....................25,878,506 .........................(871,557)
17.
Net cash from financing and miscellaneous sources (Lines 16.1 to 16.4 minus Line 16.5 plus Line 16.6)........................... .....................25,878,506 .........................(871,557)
RECONCILIATION OF CASH, CASH EQUIVALENTS AND SHORT-TERM INVESTMENTS
18.
Net change in cash, cash equivalents and short-term investments (Line 11 plus Line 15 plus Line 17)............................... .......................4,798,138 ......................(4,053,778)
19.
Cash, cash equivalents and short-term investments:
19.1 Beginning of year...................................................................................................................................................... .......................1,382,365 .......................5,436,143
19.2 End of year (Line 18 plus Line 19.1).......................................................................................................................... .......................6,180,503 .......................1,382,365
Note: Supplemental disclosures of cash flow information for non-cash transactions:
20.0001 ................................................................................................................................................................................. ........................................ ........................................
5
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1 - PREMIUMS EARNED
1
Line of Business
Net
Premiums
Written per
Column 6, Part 1B
2
Unearned Premiums
December 31
Prior Yearper Col. 3,
Last Year's Part 1
3
Unearned Premiums
December 31
Current Yearper Col. 5,
Part 1A
4
Premiums
Earned
During Year
(Cols. 1 + 2 - 3)
1.
Fire.............................................................................................. ......................................... ......................................... ......................................... ......................................0
2.
Allied lines................................................................................... ......................................... ......................................... ......................................... ......................................0
3.
Farmowners multiple peril............................................................ ......................................... ......................................... ......................................... ......................................0
4.
Homeowners multiple peril.......................................................... .......................(4,674,273) ......................................... ......................................... .......................(4,674,273)
5.
Commercial multiple peril............................................................ ......................................... ......................................... ......................................... ......................................0
6.
Mortgage guaranty....................................................................... ......................................... ......................................... ......................................... ......................................0
8.
Ocean marine.............................................................................. ......................................... ......................................... ......................................... ......................................0
9.
Inland marine............................................................................... ......................................... ......................................... ......................................... ......................................0
10.
Financial guaranty....................................................................... ......................................... ......................................... ......................................... ......................................0
11.1
Medical professional liability - occurrence.................................... ......................................... ......................................... ......................................... ......................................0
11.2
Medical professional liability - claims-made................................. ......................................... ......................................... ......................................... ......................................0
12.
Earthquake.................................................................................. ......................................... ......................................... ......................................... ......................................0
13.
Group accident and health........................................................... ......................................... ......................................... ......................................... ......................................0
14.
Credit accident and health (group and individual)........................ ......................................... ......................................... ......................................... ......................................0
15.
Other accident and health............................................................ ......................................... ......................................... ......................................... ......................................0
16.
Workers' compensation............................................................... ......................................... ......................................... ......................................... ......................................0
17.1
Other liability - occurrence........................................................... ......................................... ......................................... ......................................... ......................................0
17.2
Other liability - claims-made........................................................ ......................................... ......................................... ......................................... ......................................0
17.3
Excess workers' compensation.................................................... ......................................... ......................................... ......................................... ......................................0
18.1
Products liability - occurrence...................................................... ......................................... ......................................... ......................................... ......................................0
18.2
Products liability - claims-made................................................... ......................................... ......................................... ......................................... ......................................0
19.1, 19.2 Private passenger auto liability.................................................... ......................................... ......................................... ......................................... ......................................0
19.3, 19.4 Commercial auto liability.............................................................. ......................................... ......................................... ......................................... ......................................0
21.
Auto physical damage................................................................. ......................................... ......................................... ......................................... ......................................0
22.
Aircraft (all perils)........................................................................ ......................................... ......................................... ......................................... ......................................0
23.
Fidelity......................................................................................... ......................................... ......................................... ......................................... ......................................0
24.
Surety.......................................................................................... ......................................... ......................................... ......................................... ......................................0
26.
Burglary and theft........................................................................ ......................................... ......................................... ......................................... ......................................0
27.
Boiler and machinery................................................................... ......................................... ......................................... ......................................... ......................................0
28.
Credit........................................................................................... ......................................... ......................................... ......................................... ......................................0
29.
International................................................................................. ......................................... ......................................... ......................................... ......................................0
30.
Warranty...................................................................................... ......................................... ......................................... ......................................... ......................................0
31.
Reinsurance - nonproportional assumed property........................ ......................................... ......................................... ......................................... ......................................0
32.
Reinsurance - nonproportional assumed liability.......................... ......................................... ......................................... ......................................... ......................................0
33.
Reinsurance - nonproportional assumed financial lines............... ......................................... ......................................... ......................................... ......................................0
34.
Aggregate write-ins for other lines of business............................ ......................................0 ......................................0 ......................................0 ......................................0
35.
TOTALS................................................................................. .......................(4,674,273) ......................................0 ......................................0 .......................(4,674,273)
DETAILS OF WRITE-INS
3401.
.................................................................................................... ......................................... ......................................... ......................................... ......................................0
3402.
.................................................................................................... ......................................... ......................................... ......................................... ......................................0
3403.
.................................................................................................... ......................................... ......................................... ......................................... ......................................0
3498.
Summary of remaining write-ins for Line 34 from overflow page.. ......................................0 ......................................0 ......................................0 ......................................0
3499.
Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)............ ......................................0 ......................................0 ......................................0 ......................................0
6
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1A - RECAPITULATION OF ALL PREMIUMS
1
Line of Business
2
Amount Unearned
Amount Unearned
(Running One Year (Running More Than
or Less from Date
One Year from
of Policy) (a)
Date of Policy) (a)
3
Earned But
Unbilled Premium
4
Reserve for
Rate Credits
and Retrospective
Adjustments Based
on Experience
5
Total Reserve
for Unearned
Premiums
Cols. 1 + 2 + 3 + 4
1.
Fire............................................................................................. ................................. ................................. ................................. ................................. ..............................0
2.
Allied lines................................................................................... ................................. ................................. ................................. ................................. ..............................0
3.
Farmowners multiple peril........................................................... ................................. ................................. ................................. ................................. ..............................0
4.
Homeowners multiple peril.......................................................... ................................. ................................. ................................. ................................. ..............................0
5.
Commercial multiple peril............................................................ ................................. ................................. ................................. ................................. ..............................0
6.
Mortgage guaranty...................................................................... ................................. ................................. ................................. ................................. ..............................0
8.
Ocean marine.............................................................................. ................................. ................................. ................................. ................................. ..............................0
9.
Inland marine.............................................................................. ................................. ................................. ................................. ................................. ..............................0
10.
Financial guaranty....................................................................... ................................. ................................. ................................. ................................. ..............................0
11.1
Medical professional liability - occurrence................................... ................................. ................................. ................................. ................................. ..............................0
11.2
Medical professional liability - claims-made................................. ................................. ................................. ................................. ................................. ..............................0
12.
Earthquake.................................................................................. ................................. ................................. ................................. ................................. ..............................0
13.
Group accident and health.......................................................... ................................. ................................. ................................. ................................. ..............................0
14.
Credit accident and health (group and individual)........................ ................................. ................................. ................................. ................................. ..............................0
15.
Other accident and health........................................................... ................................. ................................. ................................. ................................. ..............................0
16.
Workers' compensation............................................................... ................................. ................................. ................................. ................................. ..............................0
17.1
Other liability - occurrence........................................................... ................................. ................................. ................................. ................................. ..............................0
17.2
Other liability - claims-made........................................................ ................................. ................................. ................................. ................................. ..............................0
17.3
Excess workers' compensation................................................... ................................. ................................. ................................. ................................. ..............................0
18.1
Products liability - occurrence...................................................... ................................. ................................. ................................. ................................. ..............................0
18.2
Products liability - claims-made................................................... ................................. ................................. ................................. ................................. ..............................0
NONE
19.1, 19.2 Private passenger auto liability.................................................... ................................. ................................. ................................. ................................. ..............................0
19.3, 19.4 Commercial auto liability............................................................. ................................. ................................. ................................. ................................. ..............................0
21.
Auto physical damage................................................................. ................................. ................................. ................................. ................................. ..............................0
22.
Aircraft (all perils)........................................................................ ................................. ................................. ................................. ................................. ..............................0
23.
Fidelity........................................................................................ ................................. ................................. ................................. ................................. ..............................0
24.
Surety......................................................................................... ................................. ................................. ................................. ................................. ..............................0
26.
Burglary and theft........................................................................ ................................. ................................. ................................. ................................. ..............................0
27.
Boiler and machinery................................................................... ................................. ................................. ................................. ................................. ..............................0
28.
Credit.......................................................................................... ................................. ................................. ................................. ................................. ..............................0
29.
International................................................................................ ................................. ................................. ................................. ................................. ..............................0
30.
Warranty..................................................................................... ................................. ................................. ................................. ................................. ..............................0
31.
Reinsurance - nonproportional assumed property....................... ................................. ................................. ................................. ................................. ..............................0
32.
Reinsurance - nonproportional assumed liability......................... ................................. ................................. ................................. ................................. ..............................0
33.
Reinsurance - nonproportional assumed financial lines............... ................................. ................................. ................................. ................................. ..............................0
34.
Aggregate write-ins for other lines of business............................ .............................0 .............................0 .............................0 .............................0 ..............................0
35.
TOTALS...................................................................................... .............................0 .............................0 .............................0 .............................0 ..............................0
36.
Accrued retrospective premiums based on experience............................................................................................................................................................. ..............................0
37.
Earned but unbilled premiums.................................................................................................................................................................................................. ..............................0
38.
Balance (sum of Lines 35 through 37)...................................................................................................................................................................................... ..............................0
3401.
.................................................................................................... ................................. ................................. ................................. ................................. ..............................0
3402.
.................................................................................................... ................................. ................................. ................................. ................................. ..............................0
3403.
.................................................................................................... ................................. ................................. ................................. ................................. ..............................0
3498.
Summary of remaining write-ins for Line 34 from overflow page. .............................0 .............................0 .............................0 .............................0 ..............................0
3499.
(a)
Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)............ .............................0 .............................0 .............................0 .............................0 ..............................0
State here basis of computation used in each case:
DETAILS OF WRITE-INS
7
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 1B - PREMIUMS WRITTEN
1
Line of Business
Reinsurance Assumed
2
3
Direct
Business
(a)
From Affiliates From Non-Affiliates
Reinsurance Ceded
4
5
To Affiliates
To Non-Affiliates
6
Net Premiums
Written
(Cols. 1 + 2 + 3
- 4 - 5)
1.
Fire............................................................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
2.
Allied lines................................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
3.
Farmowners multiple peril......................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
4.
Homeowners multiple peril........................................................ ..........(4,674,273) .......................... .......................... .......................... .......................... ...........(4,674,273)
5.
Commercial multiple peril.......................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
6.
Mortgage guaranty.................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
8.
Ocean marine............................................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
9.
Inland marine............................................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
10.
Financial guaranty..................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
11.1
Medical professional liability - occurrence................................. ............................ .......................... .......................... .......................... .......................... ..........................0
11.2
Medical professional liability - claims-made............................... ............................ .......................... .......................... .......................... .......................... ..........................0
12.
Earthquake................................................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
13.
Group accident and health........................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
14.
Credit accident and health (group and individual)...................... ............................ .......................... .......................... .......................... .......................... ..........................0
15.
Other accident and health......................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
16.
Workers' compensation............................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
17.1
Other liability - occurrence......................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
17.2
Other liability - claims-made...................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
17.3
Excess workers' compensation.................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
18.1
Products liability - occurrence.................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
18.2
Products liability - claims-made................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
19.1, 19.2 Private passenger auto liability.................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
19.3, 19.4 Commercial auto liability........................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
21.
Auto physical damage............................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
22.
Aircraft (all perils)...................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
23.
Fidelity...................................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
24.
Surety....................................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
26.
Burglary and theft...................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
27.
Boiler and machinery................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
28.
Credit........................................................................................ ............................ .......................... .......................... .......................... .......................... ..........................0
29.
International.............................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
30.
Warranty................................................................................... ............................ .......................... .......................... .......................... .......................... ..........................0
31.
Reinsurance - nonproportional assumed property..................... ............XXX............ .......................... .......................... .......................... .......................... ..........................0
32.
Reinsurance - nonproportional assumed liability........................ ............XXX............ .......................... .......................... .......................... .......................... ..........................0
33.
Reinsurance - nonproportional assumed financial lines............. ............XXX............ .......................... .......................... .......................... .......................... ..........................0
34.
Aggregate write-ins for other lines of business.......................... ........................0 .......................0 .......................0 .......................0 .......................0 ..........................0
35.
TOTALS.................................................................................... ..........(4,674,273) .......................0 .......................0 .......................0 .......................0 ...........(4,674,273)
DETAILS OF WRITE-INS
3401.
.................................................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
3402.
.................................................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
3403.
.................................................................................................. ............................ .......................... .......................... .......................... .......................... ..........................0
3498.
Summary of remaining write-ins for Line 34 from overflow page ........................0 .......................0 .......................0 .......................0 .......................0 ..........................0
3499.
Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above).......... ........................0 .......................0 .......................0 .......................0 .......................0 ..........................0
(a) Does the company's direct premiums written include premiums recorded on an installment basis? Yes [ ] No [ ]
If yes: 1. The amount of such installment premiums $..........0.
2. Amount at which such installment premiums would have been reported had they been recorded on an annualized basis $..........0.
8
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 2 - LOSSES PAID AND INCURRED
1
9
Line of Business
1.
Fire................................................................................................
2.
Allied lines.....................................................................................
3.
Farmowners multiple peril.............................................................
4.
Homeowners multiple peril............................................................
5.
Commercial multiple peril..............................................................
6.
Mortgage guaranty........................................................................
8.
Ocean marine................................................................................
9.
Inland marine.................................................................................
10.
Financial guaranty.........................................................................
11.1
Medical professional liability - occurrence......................................
11.2
Medical professional liability - claims-made...................................
12.
Earthquake....................................................................................
13.
Group accident and health.............................................................
14.
Credit accident and health (group and individual)..........................
15.
Other accident and health..............................................................
16.
Workers' compensation.................................................................
17.1
Other liability - occurrence.............................................................
17.2
Other liability - claims-made..........................................................
17.3
Excess workers' compensation......................................................
18.1
Products liability - occurrence........................................................
18.2
Products liability - claims-made.....................................................
19.1, 19.2 Private passenger auto liability......................................................
19.3, 19.4 Commercial auto liability................................................................
21.
Auto physical damage...................................................................
22.
Aircraft (all perils)..........................................................................
23.
Fidelity...........................................................................................
24.
Surety............................................................................................
26.
Burglary and theft..........................................................................
27.
Boiler and machinery.....................................................................
28.
Credit............................................................................................
29.
International...................................................................................
30.
Warranty........................................................................................
31.
Reinsurance - nonproportional assumed property..........................
32.
Reinsurance - nonproportional assumed liability............................
33.
Reinsurance - nonproportional assumed financial lines.................
34.
Aggregate write-ins for other lines of business..............................
35.
TOTALS........................................................................................
3401.
3402.
3403.
3498.
3499.
......................................................................................................
......................................................................................................
......................................................................................................
Summary of remaining write-ins for Line 34 from overflow page....
Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)..............
2
Losses Paid Less Salvage
Direct
Business
................................87,287
............................................
............................................
...........................1,870,241
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
..............................220,000
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
....................XXX.................
....................XXX.................
....................XXX.................
.........................................0
...........................2,177,528
Reinsurance
Assumed
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
.........................................0
.........................................0
............................................
............................................
............................................
.........................................0
.........................................0
............................................
............................................
............................................
.........................................0
.........................................0
3
4
Reinsurance
Net Payments
Recovered
(Cols. 1 + 2 - 3)
............................................ ................................87,287
............................................ .........................................0
............................................ .........................................0
........................(17,354,497) .........................19,224,738
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
.............................(327,792) ..............................547,792
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
.........................................0 .........................................0
........................(17,682,289) .........................19,859,817
DETAILS OF WRITE-INS
............................................ .........................................0
............................................ .........................................0
............................................ .........................................0
.........................................0 .........................................0
.........................................0 .........................................0
5
6
7
Net Losses
Unpaid
Current Year
(Part 2A, Col. 8)
..............................463,249
............................................
............................................
...........................2,894,933
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
..............................319,838
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
.........................................0
...........................3,678,020
Net Losses
Unpaid
Prior Year
..............................214,150
............................................
............................................
...........................1,082,711
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
..............................159,454
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
.........................................0
...........................1,456,315
Losses
Incurred
Current Year
(Cols. 4 + 5 - 6)
..............................336,386
.........................................0
.........................................0
.........................21,036,960
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
..............................708,176
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................22,081,522
8
Percentage of
Losses Incurred
(Col. 7, Part 2)
to Premiums Earned
(Col. 4, Part 1)
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
............................................
.........................................0
.........................................0
............................................
............................................
............................................
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
.........................................0
............................................
............................................
............................................
................XXX.....................
............................................
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 2A - UNPAID LOSSES AND LOSS ADJUSTMENT EXPENSES
1
10
Line of Business
1.
Fire...........................................................................................................
2.
Allied lines................................................................................................
3.
Farmowners multiple peril........................................................................
4.
Homeowners multiple peril.......................................................................
5.
Commercial multiple peril.........................................................................
6.
Mortgage guaranty...................................................................................
8.
Ocean marine...........................................................................................
9.
Inland marine............................................................................................
10.
Financial guaranty....................................................................................
11.1
Medical professional liability - occurrence................................................
11.2
Medical professional liability - claims-made.............................................
12.
Earthquake...............................................................................................
13.
Group accident and health.......................................................................
14.
Credit accident and health (group and individual)....................................
15.
Other accident and health........................................................................
16.
Workers' compensation............................................................................
17.1
Other liability - occurrence........................................................................
17.2
Other liability - claims-made.....................................................................
17.3
Excess workers' compensation................................................................
18.1
Products liability - occurrence..................................................................
18.2
Products liability - claims-made................................................................
19.1, 19.2 Private passenger auto liability.................................................................
19.3, 19.4 Commercial auto liability..........................................................................
21.
Auto physical damage..............................................................................
22.
Aircraft (all perils).....................................................................................
23.
Fidelity......................................................................................................
24.
Surety.......................................................................................................
26.
Burglary and theft.....................................................................................
27.
Boiler and machinery................................................................................
28.
Credit........................................................................................................
29.
International..............................................................................................
30.
Warranty...................................................................................................
31.
Reinsurance - nonproportional assumed property...................................
32.
Reinsurance - nonproportional assumed liability......................................
33.
Reinsurance - nonproportional assumed financial lines...........................
34.
Aggregate write-ins for other lines of business........................................
35.
TOTALS...................................................................................................
3401.
3402.
3403.
3498.
3499.
(a)
.................................................................................................................
.................................................................................................................
.................................................................................................................
Summary of remaining write-ins for Line 34 from overflow page.............
Totals (Lines 3401 thru 3403 plus 3498) (Line 34 above)........................
Including $..........0 for present value of life indemnity claims.
2
Reported Losses
Direct
..........................440,500
........................................
........................................
.......................2,401,076
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
..........................262,500
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
................XXX.................
................XXX.................
................XXX.................
.....................................0
.......................3,104,076
Reinsurance Assumed
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
.....................................0
.....................................0
........................................
........................................
........................................
.....................................0
.....................................0
........................................
........................................
........................................
.....................................0
.....................................0
3
4
Deduct Reinsurance
Net Losses Excluding
Recoverable from
Incurred but
Authorized and
not Reported
Unauthorized Companies
(Cols. 1 + 2 - 3)
........................................ ..........................440,500
........................................ .....................................0
........................................ .....................................0
........................................ .......................2,401,076
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ ..........................262,500
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
.....................................0 .....................................0
.....................................0 .......................3,104,076
DETAILS OF WRITE-INS
........................................ .....................................0
........................................ .....................................0
........................................ .....................................0
.....................................0 .....................................0
.....................................0 .....................................0
5
Incurred But Not Reported
6
7
8
9
Net
Unpaid Loss
Adjustment
Expenses
............................51,898
........................................
........................................
..........................413,005
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
............................93,997
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
.....................................0
..........................558,900
........................................
........................................
........................................
.....................................0
.....................................0
Direct
............................22,749
........................................
........................................
..........................493,857
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
............................57,338
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
................XXX.................
................XXX.................
................XXX.................
.....................................0
..........................573,944
Reinsurance
Assumed
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
.....................................0
.....................................0
Reinsurance
Ceded
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
.....................................0
.....................................0
Net Losses
Unpaid
(Cols. 4 + 5 + 6 - 7)
..........................463,249
.....................................0
.....................................0
.......................2,894,933
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
(a)................................0
.....................................0
(a)................................0
.....................................0
..........................319,838
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.......................3,678,020
........................................
........................................
........................................
.....................................0
.....................................0
........................................
........................................
........................................
.....................................0
.....................................0
........................................
........................................
........................................
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
.....................................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
UNDERWRITING AND INVESTMENT EXHIBIT
PART 3 - EXPENSES
1
Loss Adjustment
Expenses
1.
2.
2
Other
Underwriting
Expenses
3
4
Investment
Expenses
Total
Claim adjustment services:
1.1
Direct................................................................................................................ ......................174,224 .................................... .................................... ......................174,224
1.2
Reinsurance assumed...................................................................................... .................................... .................................... .................................... .................................0
1.3
Reinsurance ceded........................................................................................... .....................(288,603) .................................... .................................... .....................(288,603)
1.4
Net claim adjustment services (1.1 + 1.2 - 1.3)................................................. ......................462,827 .................................0 .................................0 ......................462,827
Commission and brokerage:
2.1
Direct, excluding contingent.............................................................................. .................................... ......................304,660 .................................... ......................304,660
2.2
Reinsurance assumed, excluding contingent.................................................... .................................... .................................... .................................... .................................0
2.3
Reinsurance ceded, excluding contingent......................................................... .................................... .................................... .................................... .................................0
2.4
Contingent - direct............................................................................................ .................................... .................................... .................................... .................................0
2.5
Contingent - reinsurance assumed.................................................................... .................................... .................................... .................................... .................................0
2.6
Contingent - reinsurance ceded........................................................................ .................................... .................................... .................................... .................................0
2.7
Policy and membership fees............................................................................. .................................... .................................... .................................... .................................0
2.8
Net commission and brokerage (2.1 + 2.2 - 2.3 + 2.4 + 2.5 - 2.6 + 2.7)............. .................................0 ......................304,660 .................................0 ......................304,660
3.
Allowances to manager and agents............................................................................ .................................... .................................... .................................... .................................0
4.
Advertising.................................................................................................................. .................................... .................................... .................................... .................................0
5.
Boards, bureaus and associations.............................................................................. .................................... .................................... .................................... .................................0
6.
Surveys and underwriting reports............................................................................... .................................... .................................... .................................... .................................0
7.
Audit of assureds' records.......................................................................................... .................................... .................................... .................................... .................................0
8.
Salary and related items:
8.1
Salaries............................................................................................................. .................................... .................................... .................................... .................................0
8.2
Payroll taxes..................................................................................................... .................................... .................................... .................................... .................................0
9.
Employee relations and welfare.................................................................................. .................................... .................................... .................................... .................................0
10.
Insurance.................................................................................................................... .................................... .................................... .................................... .................................0
11.
Directors' fees............................................................................................................. .................................... .................................... .................................... .................................0
12.
Travel and travel items............................................................................................... .................................... ..........................1,599 .................................... ..........................1,599
13.
Rent and rent items.................................................................................................... .................................... ........................17,922 .................................... ........................17,922
14.
Equipment.................................................................................................................. .................................... .................................... .................................... .................................0
15.
Cost or depreciation of EDP equipment and software................................................. .................................... .................................... .................................... .................................0
16.
Printing and stationery................................................................................................ .................................... ..........................3,381 .................................... ..........................3,381
17.
Postage, telephone and telegraph, exchange and express......................................... .................................... ........................72,793 .................................... ........................72,793
18.
Legal and auditing...................................................................................................... .................................... ......................731,381 .................................... ......................731,381
19.
Totals (Lines 3 to 18).................................................................................................. .................................0 ......................827,076 .................................0 ......................827,076
20.
Taxes, licenses and fees:
20.1 State and local insurance taxes deducting guaranty association credits
of $..........0....................................................................................................... .................................... .....................(368,951) .................................... .....................(368,951)
20.2 Insurance department licenses and fees........................................................... .................................... ..........................1,000 .................................... ..........................1,000
20.3 Gross guaranty association assessments......................................................... .................................... .................................... .................................... .................................0
20.4 All other (excluding federal and foreign income and real estate)....................... .................................... .................................... .................................... .................................0
20.5 Total taxes, licenses and fees (20.1 + 20.2 + 20.3 + 20.4)................................ .................................0 .....................(367,951) .................................0 .....................(367,951)
21.
Real estate expenses................................................................................................. .................................... .................................... .................................... .................................0
22.
Real estate taxes........................................................................................................ .................................... .................................... .................................... .................................0
23.
Reimbursements by uninsured plans.......................................................................... .................................... .................................... .................................... .................................0
24.
Aggregate write-ins for miscellaneous expenses........................................................ .................................0 .................................0 .................................0 .................................0
25.
Total expenses incurred............................................................................................. ......................462,827 ......................763,785 .................................0 (a)...............1,226,612
26.
Less unpaid expenses - current year.......................................................................... .................................... .................................... .................................... .................................0
27.
Add unpaid expenses - prior year............................................................................... ......................407,935 ...................5,703,594 .................................... ...................6,111,529
28.
Amounts receivable relating to uninsured plans, prior year......................................... .................................... .................................... .................................... .................................0
29.
Amounts receivable relating to uninsured plans, current year..................................... .................................... .................................... .................................... .................................0
30.
TOTAL EXPENSES PAID (Lines 25 - 26 + 27 - 28 + 29).................................. ......................870,762 ...................6,467,379 .................................0 ...................7,338,141
DETAILS OF WRITE-INS
2401. ................................................................................................................................... .................................... .................................... .................................... .................................0
2402. ................................................................................................................................... .................................... .................................... .................................... .................................0
2403. ................................................................................................................................... .................................... .................................... .................................... .................................0
2498. Summary of remaining write-ins for Line 24 from overflow page................................. .................................0 .................................0 .................................0 .................................0
2499. Totals (Lines 2401 thru 2403 plus 2498) (Line 24 above)........................................... .................................0 .................................0 .................................0 .................................0
(a) Includes management fees of $..........0 to affiliates and $..........0 to non-affiliates.
11
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
EXHIBIT OF NET INVESTMENT INCOME
1.
1.1
1.2
1.3
2.1
2.11
2.2
2.21
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
1
Collected
During Year
U.S. government bonds................................................................................................................................................... (a).................................3,656
Bonds exempt from U.S. tax............................................................................................................................................ (a)...........................................
Other bonds (unaffiliated)................................................................................................................................................ (a)...........................................
Bonds of affiliates............................................................................................................................................................ (a)...........................................
Preferred stocks (unaffiliated).......................................................................................................................................... (b)...........................................
Preferred stocks of affiliates............................................................................................................................................. (b)...........................................
Common stocks (unaffiliated).......................................................................................................................................... ................................................
Common stocks of affiliates............................................................................................................................................. ................................................
Mortgage loans................................................................................................................................................................ (c)............................................
Real estate...................................................................................................................................................................... (d)...........................................
Contract loans................................................................................................................................................................. ................................................
Cash, cash equivalents and short-term investments........................................................................................................ (e)..............................129,250
Derivative instruments..................................................................................................................................................... (f)............................................
Other invested assets...................................................................................................................................................... ................................................
Aggregate write-ins for investment income...................................................................................................................... .............................................0
Total gross investment income........................................................................................................................................ ..................................132,906
Investment expenses.........................................................................................................................................................................................................
Investment taxes, licenses and fees, excluding federal income taxes.................................................................................................................................
Interest expense.................................................................................................................................................................................................................
Depreciation on real estate and other invested assets.......................................................................................................................................................
Aggregate write-ins for deductions from investment income...............................................................................................................................................
Total deductions (Lines 11 through 15)..............................................................................................................................................................................
Net investment income (Line 10 minus Line 16).................................................................................................................................................................
2
Earned
During Year
......................................7,427
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
................................................
..................................138,756
................................................
................................................
.............................................0
..................................146,183
(g)...........................................
(g)...........................................
(h)...........................................
(i).........................................0
.............................................0
.............................................0
..................................146,183
0901.
0902.
0903.
0998.
0999.
1501.
1502.
1503.
1598.
1599.
(a)
(b)
(c)
(d)
(e)
(f)
(g)
(h)
(i)
DETAILS OF WRITE-INS
........................................................................................................................................................................................ ................................................ ................................................
........................................................................................................................................................................................ ................................................ ................................................
........................................................................................................................................................................................ ................................................ ................................................
Summary of remaining write-ins for Line 9 from overflow page........................................................................................ .............................................0 .............................................0
Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)................................................................................................... .............................................0 .............................................0
.......................................................................................................................................................................................................................................... ................................................
.......................................................................................................................................................................................................................................... ................................................
.......................................................................................................................................................................................................................................... ................................................
Summary of remaining write-ins for Line 15 from overflow page........................................................................................................................................ .............................................0
Totals (Lines 1501 thru 1503 plus 1598) (Line 15 above)................................................................................................................................................... .............................................0
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued dividends on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases.
Includes $..........0 for company's occupancy of its own buildings; and excludes $..........0 interest on encumbrances.
Includes $..........0 accrual of discount less $..........0 amortization of premium and less $..........0 paid for accrued interest on purchases.
Includes $..........0 accrual of discount less $..........0 amortization of premium.
Includes $..........0 investment expenses and $..........0 investment taxes, licenses and fees, excluding federal income taxes, attributable to Segregated and Separate Accounts.
Includes $..........0 interest on surplus notes and $..........0 interest on capital notes.
Includes $..........0 depreciation on real estate and $..........0 depreciation on other invested assets.
EXHIBIT OF CAPITAL GAINS (LOSSES)
1.
1.1
1.2
1.3
2.1
2.11
2.2
2.21
3.
4.
5.
6.
7.
8.
9.
10.
U.S. government bonds.............................................................
Bonds exempt from U.S. tax......................................................
Other bonds (unaffiliated)..........................................................
Bonds of affiliates......................................................................
Preferred stocks (unaffiliated)....................................................
Preferred stocks of affiliates......................................................
Common stocks (unaffiliated)....................................................
Common stocks of affiliates.......................................................
Mortgage loans..........................................................................
Real estate................................................................................
Contract loans...........................................................................
Cash, cash equivalents and short-term investments..................
Derivative instruments...............................................................
Other invested assets................................................................
Aggregate write-ins for capital gains (losses).............................
Total capital gains (losses)........................................................
1
Realized
Gain (Loss)
on Sales
or Maturity
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
...............................0
...............................0
2
3
4
Other
Realized
Adjustments
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
...............................0
...............................0
Total Realized
Capital Gain (Loss)
(Columns 1 + 2)
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
Change in
Unrealized
Capital Gain (Loss)
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
...............................0
...............................0
5
Change in
Unrealized
Foreign Exchange
Capital Gain (Loss)
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
..................................
...............................0
...............................0
0901.
0902.
0903.
0998.
0999.
..................................................................................................
..................................................................................................
..................................................................................................
Summary of remaining write-ins for Line 9 from overflow page..
Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above)............
DETAILS OF WRITE-INS
.................................. ..................................
.................................. ..................................
.................................. ..................................
...............................0 ...............................0
...............................0 ...............................0
...............................0
...............................0
...............................0
...............................0
...............................0
..................................
..................................
..................................
...............................0
...............................0
..................................
..................................
..................................
...............................0
...............................0
NONE
12
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
EXHIBIT OF NONADMITTED ASSETS
1
Current Year
Total
Nonadmitted Assets
2
Prior Year
Total
Nonadmitted Assets
3
Change in Total
Nonadmitted Assets
(Col. 2 - Col. 1)
1.
Bonds (Schedule D).......................................................................................................... ............................................... ............................................... ............................................0
2.
Stocks (Schedule D):
3.
4.
2.1
Preferred stocks....................................................................................................... ............................................... ............................................... ............................................0
2.2
Common stocks....................................................................................................... ............................................... ............................................... ............................................0
Mortgage loans on real estate (Schedule B):
3.1
First liens................................................................................................................. ............................................... ............................................... ............................................0
3.2
Other than first liens................................................................................................. ............................................... ............................................... ............................................0
Real estate (Schedule A):
4.1
Properties occupied by the company....................................................................... ............................................... ............................................... ............................................0
4.2
Properties held for the production of income............................................................ ............................................... ............................................... ............................................0
4.3
Properties held for sale............................................................................................ ............................................... ............................................... ............................................0
5.
Cash (Schedule E-Part 1), cash equivalents (Schedule E-Part 2)
and short-term investments (Schedule DA)....................................................................... ............................................... ............................................... ............................................0
6.
Contract loans................................................................................................................... ............................................... ............................................... ............................................0
7.
Other invested assets (Schedule BA)................................................................................ ............................................... ............................................... ............................................0
8.
Receivables for securities.................................................................................................. ............................................... ............................................... ............................................0
9.
Aggregate write-ins for invested assets............................................................................. ............................................0 ............................................0 ............................................0
10. Subtotals, cash and invested assets (Lines 1 to 9)............................................................ ............................................0 ............................................0 ............................................0
11. Title plants (for Title insurers only)..................................................................................... ............................................... ............................................... ............................................0
12. Investment income due and accrued................................................................................. ............................................... ............................................... ............................................0
13. Premiums and considerations:
13.1 Uncollected premiums and agents' balances in the course of collection................... .................................119,090 .................................124,670 .....................................5,580
13.2 Deferred premiums, agents' balances and installments booked but
deferred and not yet due.......................................................................................... ............................................... ............................................... ............................................0
13.3 Accrued retrospective premiums.............................................................................. ............................................... ............................................... ............................................0
14. Reinsurance:
14.1 Amounts recoverable from reinsurers...................................................................... ............................................... ............................................... ............................................0
14.2 Funds held by or deposited with reinsured companies............................................. ............................................... ............................................... ............................................0
14.3 Other amounts receivable under reinsurance contracts............................................ ............................................... ............................................... ............................................0
15. Amounts receivable relating to uninsured plans................................................................. ............................................... ............................................... ............................................0
16.1 Current federal and foreign income tax recoverable and interest thereon.......................... ............................................... ............................................... ............................................0
16.2 Net deferred tax asset....................................................................................................... .................................131,287 ..............................8,872,587 ..............................8,741,300
17. Guaranty funds receivable or on deposit............................................................................ ............................................... ............................................... ............................................0
18. Electronic data processing equipment and software.......................................................... ............................................... ............................................... ............................................0
19. Furniture and equipment, including health care delivery assets......................................... ............................................... ............................................... ............................................0
20. Net adjustment in assets and liabilities due to foreign exchange rates............................... ............................................... ............................................... ............................................0
21. Receivables from parent, subsidiaries and affiliates.......................................................... ............................................... ............................................... ............................................0
22. Health care and other amounts receivable......................................................................... ............................................... ............................................... ............................................0
23. Aggregate write-ins for other than invested assets............................................................ ............................................0 ............................25,840,515 ............................25,840,515
24. Total assets excluding Separate Accounts, Segregated Accounts and Protected
Cell Accounts (Lines 10 through 23).................................................................................. .................................250,377 ............................34,837,772 ............................34,587,395
25. From Separate Accounts, Segregated Accounts and Protected Cell Accounts.................. ............................................... ............................................... ............................................0
26. TOTALS (Lines 24 and 25)................................................................................................ .................................250,377 ............................34,837,772 ............................34,587,395
DETAILS OF WRITE-INS
0901. .......................................................................................................................................... ............................................... ............................................... ............................................0
0902. .......................................................................................................................................... ............................................... ............................................... ............................................0
0903. .......................................................................................................................................... ............................................... ............................................... ............................................0
0998. Summary of remaining write-ins for Line 9 from overflow page.......................................... ............................................0 ............................................0 ............................................0
0999. Totals (Lines 0901 thru 0903 plus 0998) (Line 9 above).................................................... ............................................0 ............................................0 ............................................0
2301. Escrow - Ceded Unearned Premiums................................................................................ ............................................... ............................18,174,273 ............................18,174,273
2302. Due from Credit Card Processor........................................................................................ ............................................... ............................................... ............................................0
2303. Recoverable from Vesta for Paid Losses and LAE............................................................ ............................................... ..............................7,666,242 ..............................7,666,242
2398. Summary of remaining write-ins for Line 23 from overflow page........................................ ............................................0 ............................................0 ............................................0
2399. Totals (Lines 2301 thru 2303 plus 2398) (Line 23 above).................................................. ............................................0 ............................25,840,515 ............................25,840,515
13
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
Note 1 - Summary of Significant Accounting Policies
A.
Accounting Practices
The accompanying financial statements of Florida Select Insurance Company ("the Company") have been prepared in conformity with
National Association of Insurance Commissioners' (NAIC) Annual Statement instructions and the Accounting Practices and Procedures
Manual, and the state laws of Florida.
The state of Florida requires insurance companies domiciled in the state of Florida to prepare their statutory financial statements in
accordance with the NAIC Accounting Practices and Procedures Manual subject to any deviations prescribed or permitted by the State of
Florida, Office of Insurance Regulation. There are no differences between Florida prescribed practices and NAIC statutory practices
which affect the Company.
B. Use of Estimates
The preparation of financial statements requires management to make estimates and assumptions that affect the amounts reported in
these financial statements and notes. Actual results could differ from those estimates.
C. Accounting Policies
Direct, assumed and ceded premiums are earned over the terms of the related insurance policies and reinsurance contracts. Unearned
premium reserves are established to cover the unexpired portion of premiums written. Such reserves are computed by pro rate methods
for direct business and for reinsurance ceded.
Expenses incurred in connection with acquiring new insurance business, including acquisition costs, such as commissions and service
company fees, are charged to operations as incurred. Expenses incurred are reduced for ceding allowances received or receivable.
Net investment income earned consists primarily of interest and dividends less investment related expenses. Interest is recognized on an
accrual basis and dividends are recognized on an ex-dividend basis. Net realized capital gains and (losses) are recognized on a specific
identification basis when securities are sold, redeemed, or otherwise disposed. Realized capital losses include write downs for
impairments considered to be other than temporary.
In addition, the company uses the following accounting policies:
1.
Investment grade short-term fixed income investments are stated at amortized cost. Amortized cost is computed using the interest
method.
2.
Investment grade long-term bonds are stated at amortized cost using the interest method. Non-investment grade bonds are stated
at
the lower of amortized value or fair value.
3. Common Stock - None to report.
4. Investment grade redeemable preferred stocks are stated at fair value.
5. First lien mortgage loans on real estate - None to Report.
6. Investment grade loan-backed securities are stated at amortized value. The retrospective adjustment method is used to value
all loan-backed securities. Non-Investment grade loan-backed securities are stated at the lower of amortized value or fair value.
7. Investment in subsidiary and affiliated companies - None to Report.
8. Investments in joint ventures - None to Report.
9. The accounting for derivatives - None to Report.
10. The Company does not anticipate investment income when evaluating the need for premium deficiency reserves (see Note 30).
11. Unpaid losses and loss adjustment expenses include amounts determined from individual case estimates, loss reports and amounts,
based on past experience, for losses incurred but not reported. Such liabilities are necessarily based on assumptions and estimates
and while management believes the amounts are adequate, the ultimate liabilities may be in excess of or less than the amount
provided. The methods for making such estimates and for establishing the resulting liabilities are continually reviewed and any
adjustments are reflected in the period determined.
12. The Company does not have any expenses which were capitalized.
13. Not applicable as the Company does not write major medical insurance with prescription drug coverage.
Note 2 - Accounting Changes and Corrections of Errors
A. Accounting Changes Other than Codification and Correction of Errors
Not applicable.
14
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
Note 3 - Business Combinations and Goodwill
A. Statutory Purchase Method
Not applicable.
B. Statutory Merger
Not applicable.
C. Writedowns for impairment of investments in affiliates
Not applicable.
Note 4 - Discontinued Operations
During 2005 and through January 31, 2006, the Company ceded to its immediate parent, Vesta Fire Insurance Company (VFI), all
underwriting results after giving effect to other reinsurance agreements. When the Company was unable to renew its external
reinsurance contracts upon their termination at June 30, 2006, the Company was ordered into receivership for the purpose of
rehabilitation by the Second Judicial Circuit Court in Leon County, Florida, with the Florida Department of Financial Services, Division
of Rehabilitation and Liquidation as the court appointed receiver (the Receiver).
On June 28, 2006, VFI, the Company's immediate parent, along with various other insurance subsidiaries was ordered into
receivership by the 126th Judicial District Court of the State of Texas. On August 1, 2006, VFI was ordered into liquidation by the same
court with the Texas Department of Insurance appointed as Liquidator.
On August 7, 2006, Vesta Insurance Group, Inc. (Vesta) the Company's ultimate parent, filed a petition for a voluntary Chapter 11
bankruptcy with the U.S. Bankruptcy Court of the Northern District of Alabama.
On October 4, 2006, pursuant to court order, the Company ceded all of its South Carolina business to Capital Preferred Insurance
Company effective September 15, 2006. There were no material costs associated with this transaction; the purpose and effect of the
cession was to allow the Company an orderly withdrawal from the South Carolina insurance market.
In January through March 2007, the Company began canceling or nonrenewing all policies in force in Florida. By April 21, 2007,
substantially all policies issued by the Company were no longer in force and the Company had withdrawn from the Florida market.
These actions were taken to prevent the Company's exposure to the uncertainties related to the 2007 hurricane season starting June
1, 2007.
Note 5 – Investments
A. Mortgage Loans - Not applicable.
B. Debt Restructuring - Not applicable.
C. Reverse Mortgages - Not applicable.
D. Loan-backed Securities
1. The Company uses the acquisition date for applying the retrospective adjustment method.
2. Prepayment assumptions for single class and multi-class mortgage-backed/asset-backed securities were obtained from
International Data Corporation or Bloomberg. Market values are based on the NAIC Valuation of Securities Manual.
3. The Company had no negative yield situations requiring a change from the retrospective to the prospective method.
E. Repurchase Agreements - Not applicable.
F. Writedowns for Impairments of Real Estate and Retail Land Sales - Not applicable.
G. Low Income Housing Tax Credits - Not applicable.
Note 6 - Joint Ventures, Partnerships and Limited Liability Companies
A. Detail for Those Greater than 10% of Admitted Assets - Not applicable.
B. Writedowns for Impairment of Joint Ventures, Partnerships, and LLC's - Not applicable.
Note 7 - Investment Income
A. Accrued Investment Income
The Company does not admit investment income due and accrued if amounts are over 90 days past due.
14.1
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
B. Amounts Nonadmitted
Not applicable.
Note 8 - Derivative Instruments
Not applicable.
Note 9 - Income Taxes
A. Components of Deferred Tax Assets (DTAs) and Deferred Tax Liabilities (DTLs):
Description
December 31,
2009
Gross deferred tax assets
Gross deferred tax liabilities
Net deferred tax asset (liability)
Nonadmitted deferred tax asset
Admitted deferred tax asset (liability)
Increase (decrease) in deferred tax assets nonadmitted
$
141,453
141,453
(131,287)
10,166
$ 8,741,299
December 31,
2008
$
8,872,587
8,872,587
(8,872,587)
$
71,865
B. Unrecognized DTLs:
Not applicable.
C. Current Tax and Change in Deferred Tax:
1. Current income taxes incurred consist of the following major components:
Description
Current year expense (benefit)
2009
$ (2,683,608)
$ (2,683,608)
Tax on realized gain or loss
Current income taxes incurred
2008
$
$
(167,567)
(167,567)
2. The tax effect of temporary differences that give rise to the significant portions of the deferred tax assets and
deferred tax liabilities are as follows:
Description
December 31,
2009
Deferred Tax Assets:
Unearned Premiums
Unpaid loss and loss adjustment expenses
Nonadmitted assets
Total gross deferred tax assets
$
100,963
40,490
141,453
Deferred Tax Liabilities:
Other
Net Deferred Tax Asset
Nonadmitted deferred tax assets
Admitted deferred tax assets
141,453
(131,287)
10,166
December 31,
2008
$
44,424
8,828,163
8,872,587
8,872,587
(8,872,587)
-
3. The change in net deferred income taxes was comprised of the following:
Description
Total gross deferred tax assets
Total gross deferred tax liabilities
Net deferred tax asset
Deferred tax on change in unrealized gains
Change in net deferred income tax
December 31,
2008
$
141,453
141,453
December 31,
2008
$ 8,872,587
8,872,587
Change
8,731,134
-
$8,731,134
14.2
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
D. Reconciliation of Federal Income Tax Rate to Actual Effective Rate:
The significant items causing a difference between the statutory federal income tax rate and the effective tax rate were
as follows:
Description
Provision calculated at statutory rate
Change in nonadmitted assets
Tax exempt interest income
Change in loss reserves
Other
Total statutory income taxes
2009
$ (9,464,949)
6,781,341
(2,683,608)
Effective Tax Rate
(34.00)%
-%
-%
17.13%
-%
(16.79)%
Federal income tax incurred
$ (2,683,608)
(16.79)%
E. Operating Loss and Tax Credit Carry Forwards:
1. At December 31, 2009, the Company had no unused operating loss carry forwards avaliable to offset against future
taxable income.
2. The Company had no income tax expense for 2009 and 2008 that is available for recoupment in the event of future net losses.
F. Consolidated Federal Income Tax Return
1.
The Company's federal income tax return is consolidated with all of the companies shown in Schedule Y, except for Vesta
Capital Trust.
2. The method of allocation between the companies is subject to written agreement. Each company pays a share of the total tax
laibility determined as if computed separately. Companies that would report a loss are reimbursed by the other companies up to
the amount of their tax liabilities computed separately. Intercompany balances are settled when estimated payments are due and
the return is filed.
Note 10 - Information Concerning Parent, Subsidiaries and Affiliates
A. Nature of Relationships
Common stock ownership of the Company and affiliates is shown in Schedule Y, along with transactions between any affiliates. All
companies are 100% owned except where indicated otherwise.
B. Detail of Transactions Greater than 1/2% of Admitted Assets
See Schedule Y.
C. Change in Terms of Intercompany Arrangements
There was no change in intercompany management and service arrangements in 2007.
D. Amounts Due to or from Related Parties
The Company had amounts due from Vesta Fire Insurance Company (VFI) at December 31, 2007 of $9,950,188.
E. Guarantees or Contingencies for Related Parties
Not applicable.
F. Management, Service Contracts, Cost Sharing Arrangements
Not applicable.
G. Nature of Relationships that Could Affect Operations
On August 1, 2006, Vesta Fire Insurance Company (VFI), the Company’s immediate parent company, was ordered into liquidation by
the 126th Judicial District of the State of Texas, in the District Court in Travis County, Texas. The Texas Department of Insurance was
appointed as Liquidator.
The Vesta Insurance Group (VIG), the Company’s ultimate parent company, was initially the subject of an involuntary petition filed in
the U.S. Bankruptcy Court for the Northern District of Alabama by some of its alleged creditors on July 18, 2006. On August 7, 2006,
VIG filed its own Petition to convert it to a voluntary Chapter 11 case. That petition was granted on August 8, 2006.
On August 7, 2006, J. Gordon Gaines (JGG), an affiliate of Florida Select Insurance Company, filed its own voluntary petition for
bankruptcy.
14.3
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Annual Statement for the year 2009 of the
NOTES TO FINANCIAL STATEMENTS
On August 11, 2006, VIG and JGG filed a Motion for Joint Administration of Cases to consolidate the bankruptcy matters in the U.S.
Bankruptcy Court for the Northern District of Alabama.
H. Amount Deducted for Investment in Upstream Company
Not applicable.
I. Detail of Investments in Affiliates Greater than 10% of Admitted Assets
Not applicable.
J. Writedowns for Impairment of Investments in Affilliates
Not applicable.
Note 11 - Debt
Not applicable.
Note 12 - Retirement Plans, Deferred Compensation, Postemployment Benefits and Compensated Absences and Other
Postretirement Benefit Plans
A. Defined Benefit Plans
Not applicable.
B. Defined Contribution Plans
J. Gordan Gaines (JGG), an affiliate of the Company, sponsored a defined contribution retirement savings plan, commonly known as a
401 (k) plan that covered all eligible employees of the Company. Employees of the Company could contribute up to a maximum of 90%
of their salary on a pre-tax basis and the Company would match 100% of the participant's contributions up to the first 3% of each
participant's salary. Additionally, the Company would match 50% of the participant's contributions from 4% to 5% of each participant's
salary. Prior to normal retirement age, employee interest in the Company's contributions become vested in accordance with the
following schedule:
Years of Service
1
2
3
4
5+
% Vested
20
40
60
80
100
On October 10, 2006 the United States Bankruptcy Court, Northern Alabama, Southern Division, gave JGG, which was in bankruptcy,
the authority to terminate the 401 (k) plan. However, the 401 (k) plan has not yet been terminated.
C. Multi-Employer Plans
Not applicable
D. Consolidated/Holding Company Plans
Not applicable
Post-Employment Benefits and Compensated Absences
Not applicable.
Impact of Medicare Modernization Act on Postretirement Benefits
Not applicable.
Note 13 - Capital and Surplus, Shareholders’ Dividend Restrictions and Quasi-Reorganizations
A. Outstanding Shares
Outstanding shares of the Company’s stock are as follows:
Class
Preferred
Common
Number of Shares
Authorized
Number of Shares
Outstanding
0
25,000
14.4
0
25,000
Par Value
Per Share
0
100
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
B. Dividend Rate of Preferred Stock
Not applicable.
C. Dividend Restrictions and Indication of Dividends Cumulative
Stockholder dividends of the Company are restricted by Florida Insurance laws. Dividends are not cumulative.
D. Portion of the Company’s Profits That May be Paid as Ordinary Dividends to Stockholders:
The amount available for dividends without prior regulatory approval is the lesser of 10 % of the Company’s surplus or
net income, not including realized capital gains, plus a 2-year carry forward or 10% of surplus, with dividends payable constrained to
unassigned funds minus 25% of unrealized capital gains. The Company is effectively precluded from paying dividends in 2009.
E. Restrictions on Unassigned Funds
Not applicable.
F. Mutual Surplus Advances
Not applicable.
G. Company Stock Held for Special Purposes
Not applicable.
H. Changes in Special Surplus Funds
Not applicable.
I. Changes in Unassigned Funds:
The portion of unassigned funds (surplus) represented or reduced by each item below is as follows:
Description
1. Unrealized Gain
2. Non-Admitted Assets
3. Net Deferred Income Tax
4. Provision for Reinsurance
5. Retroactive Reinsurance Reserve Non-Admitted
$
Current Year Increase
(Decrease) in Surplus
34,587,395
(8,731,133)
10,204,415
-
J. Surplus Notes:
Not applicable.
K. and L. Quasi Re-Organizations
Not applicable.
Note 14 – Contingencies
A. Contingent commitments:
The Company has no commitments or contingent commitments to affiliates or other entities. The Company has made no guarantees
on behalf of affiliates.
B. Guaranty Fund and Other Assessments
The Company is subject to assessments by Florida guaranty funds and residual market pools. The activities of these funds and pools
include collecting funds from solvent insurance companies to cover losses resulting from the insolvency or rehabilitation of other
insurance companies, or collecting funds for deficits generated by residual market entities, such as the Florida Risk Pool Casualty Joint
Underwriting Association and Citizens Property Insurance Corporation (Citizens). In February 2007, the Company was assessed
$389,349 by Citizens for the 2005 High Risk Account (HRA) regular assessment regarding the deficit Citizens' HRA account incurred in
2005 as a result of hurricane activity. This assessment has been accrued and included in accounts payable and accrued expenses.
In 2006 and 2007, the Florida Insurance Guaranty Association, Inc. (FIGA) levied a guaranty fund assessment on the Company of
$2,741,792 and $1,444,129, respectively. These assessments were accrued and included in accounts payable and accrued expenses
as of December 31, 2008.
As of December 31, 2009, all assessments had been paid and there were no additional assessments.
14.5
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
C. Gain Contingencies
Not applicable.
D. All Other Contingencies
The Company is engaged in routine litigation arising in the normal course of claims settlement. Accruals for these contingencies are
considered in the actuarial estimates of unpaid losses and loss adjustment expenses. The Company does not believe that the eventual
outcome of such suits will have a material effect on the financial condition or results of operations of the Company.
Reinsurance Agreements
The Company participated in a group quota share reinsurance treaty. This treaty, effective July 1, 2005, provided 50% quota share
reinsurance through Swiss Reinsurance America Corporation and Ace Property and Casualty Insurance Company. Effective December
1, 2005, the quota share reinsurance agreement was increased to 75%, with the additional 25% coverage placed with Hannover
Reinsurance (Ireland) and E&S Reinsurance. Additionally, the Company ceded to Vesta Fire Insurance Company (VFI) all underwriting
results after giving effect to unaffiliated reinsurance agreements. In response to directives from the Florida Office of Insurance
Regulation, the reinsurance contract ceded to VFI was terminated effective January 31, 2006. The remaining external quota share
contract was terminated June 30, 2006 and was not renewed.
Escrow Agreement
On January 8, 2007, an Escrow Agreement was established among the various states' Receivers and Liquidators of the Vesta
companies, Texas, Hawaii, and Florida. Monies paid in January and February 2007 approximating $70 million, by certain reinsurers
relating to ceded unearned premium at the termination of the reinsurance agreement, were placed in an Escrow Account governed by
the Escrow Agreement. Distributions cannot be made from the Escrow Account without the agreement of all parties to the Escrow
Agreement. On December 13, 2007, the parties to the Escrow Agreement agreed to a distribution totaling $14,000,000, of which
$10,000,000 was issued to the Texas Liquidator, $2,000,000 was issued to the Hawaii Liquidator, and $2,000,000 was issued to the
Florida Receiver. The Company received this distribution on December 21, 2007. At December 31, 2008, the Company's records
reflected assets of approximately $18.2 million due from the Escrow Account for ceded unearned premium. As the amounts in the
Escrow Account were unavailable to the Company, the asset was nonadmitted.
In April of 2009, a Court-approved settlement among the Receivers of the Vesta companies domiciled in Florida, Texas and Hawaii
resulted in the payment of $13.5 million to the estate of Florida Select Insurance Company from the escrowed funds. In the event that
Florida Select is subsequently placed in liquidation, additional escrowed funds are available (up to $6.5 million) to the extent
necessary to pay claims (new or reopened after 12/01/08). By Court Order, a claims filing deadline of April 12, 2010 has been
established. Other than recoveries from the Florida Hurricane Catastrophe Fund, all reinsurance recoverable have been assigned by
Florida Select to the Texas Receiver.
As a result of the distribution, the remaining balance of the escrow account, which had been nonadmitted, was written off as an
adjustment to written premiums.
Florida Hurricane Catastrophe Fund
Effective June 30, 2009, the Company reached a settlement agreement with the Florida Hurricane Catastrophe Fund whereby all
losses were commuted back to the Company. Accordingly, all related reinsurance recoverables and receivables have been written off
effective June 30, 2009 and the Company no longer carries a provision for reinsurance on its books.
Other
On January 26, 2007, Computer Sciences Corporation Financial Services Group (CSC), a third party administrator performing services
for the Company, filed a Petition to Allow and Compel Payment of Outstanding Amounts Owed in the Circuit Court of Leon County
against the Company for payment of services approximating $1.5 million.
The Receiver filed an Expedited Motion for Contempt or in the Alternative Motion for Protective Order, alleging that work performed by
CSC was provided for an affiliate of the Company, Texas Select Lloyds Insurance Company (TSLIC), currently ordered into liquidation
in the State of Texas, and that the Company has no contractual liability to pay for performance of those services. The Court issued a
Protective Order for the Company in April 2007, but subsequently issued a second Order authorizing CSC to file a petition to seek
recovery.
In March 2008, the Court entered an Order denying CSC's petition. CSC could, however, appeal the Order.
As of December 31, 2009, no appeal had been filed and the time for appeal had expired.
Note 15 - Leases
A. Lessee Leasing Arrangement:
Not applicable.
B. Lessor Leasing Arrangement:
Not applicable.
14.6
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
Note 16 - Information About Financial Instruments With Off-Balance Sheet Risk and Financial Instruments With
Concentrations of Credit Risk
Not applicable.
Note 17 - Sale, Transfer and Servicing of Financial Assets and Extinguishments of Liabilities
A. Transfers of Receivables Reported as Sales
Not applicable.
B. Transfer and Servicing of Financial Assets
Not applicable.
C. Wash Sales
Not applicable.
Note 18 - Gain or Loss to the Reporting Entity from Uninsured Plans and the Uninsured Portion of Partially Insured Plans
Not applicable.
Note 19 - Direct Premium Written/Produced by Managing General Agents/Third Party Administrators Direct Premium
Written/Produced by Managing General Agents/Third Party Administrators
The company used National Flood Service for premium collection (P), claims adjustment (CA), claims payment (C), reinsurance ceding
(R), underwriting (U), and binding authority (B). The Company retained underwriting authority for all policies issued under this agreement.
Name and
Address
National Flood
Service
Kalispell, MT 59901
FEI Number
81-0453933
Exclusive
Contract
No
Type of
Business
Written
Flood
Type of
Authority
Granted
P,R,B,C,CA,U
Direct
Premium
Written
$
-
Note 20 - September 11 Events
No losses were incurred as a result of the terrorist attacks of September 11, 2001.
Note 21 - Other Items
A. Extraordinary Items
On June 30, 2006, the Company was ordered into receivership for purposes of rehabilitation by Judge Tom Bateman (on behalf of
Judge William L. Gary) of the Second Judicial Circuit Court in Leon County, Florida. The Florida Department of Financial Services is
the court appointed Receiver of the Company. The Company consented to the receivership, primarily as a result of the cancellation of
its reinsurance as of June 30, 2006.
B. Troubled Debt Restructuring for Debtors
Not applicable.
C. Other Disclosures
Not applicable
D. Uncollectible Premiums Receivable
Premiums uncollected as of December 31, 2009 have been included in nonadmitted assets.
E. Business Interruption Insurance Recoveries
Not applicable.
F. State Transferable Tax Credits
Not applicable.
14.7
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
Note 22 - Events Subsequent
There were no events occurring subsequent to the end of the current year through the date of this filing meriting disclosure.
Note 23 - Reinsurance
A. Unsecured Reinsurance Recoverables:
Not applicable
B. Reinsurance Recoverable in Dispute:
Not applicable.
C. Reinsurance Assumed and Ceded:
Previous to July 1, 2006 and for many years, the Company was party to various quota share and excess of loss ceded reinsurance
treaties.
D. Uncollectible Reinsurance:
Not applicable.
E. Commutation of Ceded Reinsurance:
The Texas and Hawaii Liquidators and Florida Receiver have agreed to a commutation of the quota share reinsurance agreements. On
December 21, 2007, the 126th Judicial District Court of the State of Texas filed an Order approving the application for authority to
commute the Homeowners Net Quota Share Agreement. The commutation settlement of $39,639,363 was deposited into the Escrow
Account and releases Swiss Reinsurance America Corporation, Ace Property & Casualty Insurance Company, Hannover Reinsurance
(Ireland) and E&S Reinsurance from further obligations to Florida Select and its affiliates. Further distributions from the Escrow
Account are currently being negotiated between the Texas and Hawaii Liquidators and the Florida Receiver (see Note 14D for
additional information).
F. Retroactive Reinsurance:
Not applicable.
G. Reinsurance Accounted for as a Deposit:
Not applicable.
Note 24 - Retrospectively Rated Contracts & Contracts Subject to Redetermination
Not applicable.
Note 25 - Change in Incurred Losses and Loss Adjustment Expenses
Activity in the reserve for losses and loss adjustment expenses is summarized as follows:
2008
Unpaid losses and LAE at January 1
Losses and LAE incurred in current year
For current year losses and LAE
For prior year losses and LAE
Statement of income incurred amounts
$
1,864,250
25,354,371
27,218,621
Losses and LAE paid in current year, net:
For current year losses and LAE
For prior year losses and LAE
Total paid, net of recoveries
Unpaid losses and LAE at December 31
(22,981,701)
(22,981,701)
$
4,236,920
The change in the incurred related to prior years results from the commutation of losses as detailed in Note 14D. No additional
premiums are required to be accrued for the negative development.
Note 26 - Intercompany Pooling Arrangements
Not applicable.
Note 27 - Structured Settlements
14.8
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NOTES TO FINANCIAL STATEMENTS
Not applicable.
Note 28 - Health Care Receivables
Not applicable.
Note 29 - Participating Policies
Not applicable.
Note 30 - Premium Deficiency Reserves
Not applicable.
Note 31 - High Deductibles
Not applicable.
Note 32 - Discounting of Liabilities for Unpaid Losses or Unpaid Loss Adjustment Expenses
Not applicable.
Note 33 - Asbestos/Environmental Reserves
Not applicable.
Note 34 - Subscriber Savings Accounts
Not applicable.
Note 35 - Multiple Peril Crop Insurance
Not applicable.
14.9
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
GENERAL
1.1
1.2
1.3
2.1
2.2
3.1
3.2
3.3
3.4
3.5
3.6
4.1
4.2
Is the reporting entity a member of an Insurance Holding Company System consisting of two or more affiliated persons, one or more of which
is an insurer?
If yes, did the reporting entity register and file with its domiciliary State Insurance Commissioner, Director or Superintendent or with such
regulatory official of the state of domicile of the principal insurer in the Holding Company System, a registration statement providing
disclosure substantially similar to the standards adopted by the National Association of Insurance Commissioners (NAIC) in its Model
Insurance Holding Company System Regulatory Act and model regulations pertaining thereto, or is the reporting entity subject to standards
and disclosure requirements substantially similar to those required by such Act and regulations?
State regulating?
Yes [ X ]
Has any change been made during the year of this statement in the charter, by-laws, articles of incorporation, or deed of settlement of the
reporting entity?
If yes, date of change:
State as of what date the latest financial examination of the reporting entity was made or is being made.
State the as of date that the latest financial examination report became available from either the state of domicile or the reporting entity.
This date should be the date of the examined balance sheet and not the date the report was completed or released.
State as of what date the latest financial examination report became available to other states or the public from either the state of domicile or the
reporting entity. This is the release date or completion date of the examination report and not the date of the examination (balance sheet date).
By what department or departments?
Have all financial statement adjustments within the latest financial examination report been accounted for in a subsequent financial statement
filed with departments?
Have all of the recommendations within the latest financial examination report been complied with?
Yes [ X ]
Yes [ X ]
During the period covered by this statement, did any agent, broker, sales representative, non-affiliated sales/service organization or any combination
thereof under common control (other than salaried employees of the reporting entity) receive credit or commissions for or control a substantial
part (more than 20 percent of any major line of business measured on direct premiums) of:
4.11 sales of new business?
4.12 renewals?
During the period covered by this statement, did any sales/service organization owned in whole or in part by the reporting entity or an affiliate,
receive credit or commissions for or control a substantial part (more than 20 percent of any major line of business measured on direct premiums) of:
4.21 sales of new business?
4.22 renewals?
5.1
5.2
Has the reporting entity been a party to a merger or consolidation during the period covered by this statement?
If yes, provide the name of the entity, NAIC company code, and state of domicile (use two letter state abbreviation) for any entity that has ceased
to exist as a result of the merger or consolidation.
1
2
3
Name of Entity
NAIC Co. Code
State of Domicile
6.1
Has the reporting entity had any Certificates of Authority, licenses or registrations (including corporate registration, if applicable) suspended
or revoked by any governmental entity during the reporting period?
If yes, give full information:
6.2
7.1
7.2
Does any foreign (non-United States) person or entity directly or indirectly control 10% or more of the reporting entity?
If yes,
7.21 State the percentage of foreign control
7.22 State the nationality(ies) of the foreign person(s) or entity(ies); or if the entity is a mutual or reciprocal,
the nationality of its manager or attorney-in-fact and identify the type of entity(ies) (e.g., individual,
corporation, government, manager or attorney-in-fact)
1
2
Nationality
Type of Entity
Yes [ X ]
No [ ]
No [ ]
N/A [ ]
Yes [ ]
No [ X ]
No [ ]
No [ ]
N/A [ ]
N/A [ ]
Yes [ ]
Yes [ ]
No [ X ]
No [ X ]
Yes [ ]
Yes [ ]
No [ X ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
........................................%
8.1
8.2
Is the company a subsidiary of a bank holding company regulated by the Federal Reserve Board?
If response to 8.1 is yes, please identify the name of the bank holding company.
Yes [ ]
No [ X ]
8.3
8.4
Is the company affiliated with one or more banks, thrifts or securities firms?
If response to 8.3 is yes, please provide the names and locations (city and state of the main office) of any affiliates regulated by a federal
financial regulatory services agency [i.e. the Federal Reserve Board (FRB), the Office of the Comptroller of the Currency (OCC), the Office of
Thrift Supervision (OTS), the Federal Deposit Insurance Corporation (FDIC) and the Securities Exchange Commission (SEC)] and identify the
affiliate's primary federal regulator.
1
2
3
4
5
6
Affiliate Name
Location (City, State)
FRB
OCC
OTS
FDIC
Yes [ ]
No [ X ]
9.
What is the name and address of the independent certified public accountant or accounting firm retained to conduct the annual audit?
10.
What is the name, address and affiliation (officer/employee of the reporting entity or actuary/consultant associated with an actuarial
consulting firm) of the individual providing the statement of actuarial opinion/certification?
11.1 Does the reporting entity own any securities of a real estate holding company or otherwise hold real estate indirectly?
11.11 Name of real estate holding company
11.12 Number of parcels involved
11.13 Total book/adjusted carrying value
11.2 If yes, provide explanation.
7
SEC
Yes [ ]
No [ X ]
...........................................
...........................................
15
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
12. FOR UNITED STATES BRANCHES OF ALIEN REPORTING ENTITIES ONLY:
12.1 What changes have been made during the year in the United States manager or the United States trustees of the reporting entity?
12.2 Does this statement contain all business transacted for the reporting entity through its United States Branch on risks wherever located?
12.3 Have there been any changes made to any of the trust indentures during the year?
12.4 If answer to (12.3) is yes, has the domiciliary or entry state approved the changes?
Yes [ ]
Yes [ ]
No [ ]
No [ ]
No [ ]
N/A [ ]
Yes [ X ]
No [ ]
13.2 Has the code of ethics for senior managers been amended?
13.21 If the response to 13.2 is Yes, provide information related to amendment(s).
Yes [ X ]
No [ ]
13.3 Have any provisions of the code of ethics been waived for any of the specified officers?
13.31 If the response to 13.3 is yes, provide the nature of any waiver(s).
Yes [ ]
No [ X ]
Yes [ ]
13.1 Are the senior officers (principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions)
of the reporting entity subject to a code of ethics, which includes the following standards?
a.
Honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;
b.
Full, fair, accurate, timely and understandable disclosure in the periodic reports required to be filed by the reporting entity;
c.
Compliance with applicable governmental laws, rules and regulations;
d.
The prompt internal reporting of violations to an appropriate person or persons identified in the code; and
e.
Accountability for adherence to the code.
13.11 If the response to 13.1 is No, please explain:
BOARD OF DIRECTORS
14.
Is the purchase or sale of all investments of the reporting entity passed upon either by the Board of Directors or a subordinate committee thereof?
Yes [ X ]
No [ ]
15.
Does the reporting entity keep a complete permanent record of the proceedings of its Board of Directors and all subordinate committees thereof?
Yes [ X ]
No [ ]
16.
Has the reporting entity an established procedure for disclosure to its Board of Directors or trustees of any material interest or affiliation
on the part of any of its officers, directors, trustees or responsible employees that is in conflict or is likely to conflict with the official duties
of such person?
Yes [ X ]
No [ ]
Yes [ ]
No [ X ]
FINANCIAL
17.
Has this statement been prepared using a basis of accounting other than Statutory Accounting Principles (e.g., Generally Accepted Accounting Principles)?
18.1 Total amount loaned during the year (inclusive of Separate Accounts, exclusive of policy loans):
18.11 To directors or other officers
18.12 To stockholders not officers
18.13 Trustees, supreme or grand (Fraternal only)
18.2 Total amount of loans outstanding at the end of year (inclusive of Separate Accounts, exclusive of policy loans):
18.21 To directors or other officers
18.22 To stockholders not officers
18.23 Trustees, supreme or grand (Fraternal only)
$......................................0
$......................................0
$......................................0
$......................................0
$......................................0
$......................................0
19.1 Were any assets reported in this statement subject to a contractual obligation to transfer to another party without the liability for
such obligation being reported in the statement?
19.2 If yes, state the amount thereof at December 31 of the current year:
19.21 Rented from others
19.22 Borrowed from others
19.23 Leased from others
19.24 Other
Yes [ ]
No [ X ]
...........................................
...........................................
...........................................
...........................................
20.1 Does this statement include payments for assessments as described in the Annual Statement Instructions other than guaranty
fund or guaranty association assessments?
20.2 If answer is yes:
20.21 Amount paid as losses or risk adjustment
20.22 Amount paid as expenses
20.23 Other amounts paid
...........................................
...........................................
...........................................
21.1 Does the reporting entity report any amounts due from parent, subsidiaries or affiliates on Page 2 of this statement?
21.2 If yes, indicate any amounts receivable from parent included in the Page 2 amount.
Yes [ X ]
No [ ]
$......................................0
Yes [ ]
No [ X ]
INVESTMENT
22.1 Were all the stocks, bonds and other securities owned December 31 of current year, over which the reporting entity has exclusive control,
in the actual possession of the reporting entity on said date (other than securities lending programs addressed in 22.3)?
22.2 If no, give full and complete information relating thereto.
Yes [ ]
No [ X ]
22.3 For security lending programs, provide a description of the program including value for collateral and amount of loaned securities, and whether
collateral is carried on or off-balance sheet (an alternative is to reference Note 16 where this information is also provided).
22.4 Does the company's security lending program meet the requirements for a conforming program as outlined in the
Risk-Based Capital Instructions?
22.5 If answer to 22.4 is yes, report amount of collateral.
22.6 If answer to 22.4 is no, report amount of collateral.
23.1 Were any of the stocks, bonds or other assets of the reporting entity owned at December 31 of the current year not exclusively under the
control of the reporting entity, or has the reporting entity sold or transferred any assets subject to a put option contract that is currently in force?
(Exclude securities subject to Interrogatory 19.1 and 22.3)
15.1
Yes [ ]
No [ ]
N/A [ ]
...........................................
...........................................
Yes [ ]
No [ X ]
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
23.2 If yes, state the amount thereof at December 31 of the current year:
23.21 Subject to repurchase agreements
23.22 Subject to reverse repurchase agreements
23.23 Subject to dollar repurchase agreements
23.24 Subject to reverse dollar repurchase agreements
23.25 Pledged as collateral
23.26 Placed under option agreements
23.27 Letter stock or securities restricted as to sale
23.28 On deposit with state or other regulatory body
23.29 Other
23.3 For category (23.27) provide the following:
1
Nature of Restriction
...........................................
...........................................
...........................................
...........................................
...........................................
...........................................
...........................................
...........................................
...........................................
2
Description
3
Amount
24.1 Does the reporting entity have any hedging transactions reported on Schedule DB?
24.2 If yes, has a comprehensive description of the hedging program been made available to the domiciliary state?
If no, attach a description with this statement.
25.1 Were any preferred stocks or bonds owned as of December 31 of the current year mandatorily convertible into equity, or, at the option of the
issuer, convertible into equity?
25.2 If yes, state the amount thereof at December 31 of the current year:
26.
Yes [ ]
No [ ]
Yes [ ]
No [ X ]
N/A [ X ]
Yes [ ]
No [ X ]
...........................................
Excluding items in Schedule E-Part 3-Special Deposits, real estate, mortgage loans and investments held physically in the reporting entity's offices,
vaults or safety deposit boxes, were all stocks, bonds and other securities, owned throughout the current year held pursuant to a custodial agreement
with a qualified bank or trust company in accordance with Section 3, III Conducting Examinations, F - Custodial or Safekeeping Agreements of the
NAIC Financial Condition Examiners Handbook?
Yes [ X ]
No [ ]
26.01 For agreements that comply with the requirements of the NAIC Financial Condition Examiners Handbook, complete the following:
1
2
Name of Custodian(s)
Custodian's Address
Wachovia Bank
225 Water St. 5th FL Jacksonville, FL 32202
US Bank
One West 4th Street 7th Floor, Winston-Salem, NC 27101
Florida Department of Financial Services, Department of Treasury
P.O. Box 110, Tallahassee, FL 323020110
26.02 For all agreements that do not comply with the requirements of the NAIC Financial Condition Examiners Handbook, provide the
name, location and a complete explanation:
1
2
Name(s)
Location(s)
3
Complete Explanation(s)
26.03 Have there been any changes, including name changes, in the custodian(s) identified in 26.01 during the current year?
26.04 If yes, give full and complete information relating thereto:
1
Old Custodian
2
New Custodian
3
Date of Change
No [ X ]
3
Book/Adj.Carrying Value
27.2999. TOTAL
0
27.3 For each mutual fund listed in the table above, complete the following schedule:
1
Name of Mutual Fund
(from the above table)
28.
Yes [ ]
3
Address
27.1 Does the reporting entity have any diversified mutual funds reported in Schedule D-Part 2 (diversified according to the Securities and
Exchange Commission (SEC) in the Investment Company Act of 1940 [Section 5(b)(1)])?
2
Name of Mutual Fund
No [ X ]
4
Reason
26.05 Identify all investment advisors, brokers/dealers or individuals acting on behalf of broker/dealers that have access to the investment
accounts, handle securities and have authority to make investments on behalf of the reporting entity:
1
2
Central Registration Depository Number(s)
Name
27.2 If yes, complete the following schedule:
1
CUSIP #
Yes [ ]
2
Name of Significant Holding
of the Mutual Fund
3
Amount of Mutual
Fund's Book/Adjusted
Carrying Value
Attributable to Holding
4
Date of Valuation
Provide the following information for all short-term and long-term bonds and all preferred stocks. Do not substitute amortized value or statement value for fair value.
1
2
3
Excess of Statement
Statement
over Fair Value (-),
(Admitted)
Fair
or Fair Value over
Value
Value
Statement (+)
28.1 Bonds....................................................................................... ...............149,849 ...............157,992 ......................8,143
28.2 Preferred stocks....................................................................... ............................. ............................. .............................0
28.3 Totals....................................................................................... ...............149,849 ...............157,992 ......................8,143
28.4 Describe the sources or methods utilized in determining the fair values:
Custodian provides market valu obtained from quoted market prices.
29.1 Was the rate used to calculate fair value determined by a broker or custodian for any of the securities in Schedule D?
29.2 If yes, does the reporting entity have a copy of the broker's or custodian's pricing policy (hard copy or electronic copy) for all brokers or custodians
used as a pricing source?
29.3 If no, describe the reporting entity's process for determining a reliable pricing source for purposes of disclosure of fair value for Schedule D.
Yes [ X ]
No [ ]
Yes [ ]
No [ ]
30.1 Have all the filing requirements of the Purposes and Procedures Manual of the NAIC Securities Valuation Office been followed?
30.2 If no, list exceptions:
Yes [ X ]
No [ ]
15.2
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 1 - COMMON INTERROGATORIES
OTHER
31.1 Amount of payments to trade associations, service organizations and statistical or rating bureaus, if any?
31.2 List the name of the organization and the amount paid if any such payment represented 25% or more of the total payments to
trade associations, service organizations and statistical or rating bureaus during the period covered by this statement.
1
Name
32.1 Amount of payments for legal expenses, if any?
32.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payments
for legal expenses during the period covered by this statement.
1
Name
33.1 Amount of payments for expenditures in connection with matters before legislative bodies, officers or departments of government, if any?
33.2 List the name of the firm and the amount paid if any such payment represented 25% or more of the total payment expenditures
in connection with matters before legislative bodies, officers or departments of government during the period covered by this statement.
1
Name
15.3
$......................................0
2
Amount Paid
$......................................0
2
Amount Paid
$......................................0
2
Amount Paid
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 2 - PROPERTY AND CASUALTY INTERROGATORIES
1.1
1.2
1.3
Does the reporting entity have any direct Medicare Supplement Insurance in force?
If yes, indicate premium earned on U.S. business only.
What portion of item (1.2) is not reported on the Medicare Supplement Insurance Experience Exhibit?
1.31 Reason for excluding:
Yes [ ]
No [ X ]
........................................
........................................
1.4
1.5
1.6
Indicate amount of earned premium attributable to Canadian and/or Other Alien not included in Item (1.2) above.
Indicate total incurred claims on all Medicare Supplement insurance.
Individual policies:
Most current three years:
1.61 Total premium earned
1.62 Total incurred claims
1.63 Number of covered lives
All years prior to most current three years:
1.64 Total premium earned
1.65 Total incurred claims
1.66 Number of covered lives
Group policies:
Most current three years:
1.71 Total premium earned
1.72 Total incurred claims
1.73 Number of covered lives
All years prior to most current three years:
1.74 Total premium earned
1.75 Total incurred claims
1.76 Number of covered lives
........................................
........................................
1.7
2.
Health test:
2.1
2.2
2.3
2.4
2.5
2.6
3.1
3.2
Premium Numerator...........................................
Premium Denominator.......................................
Premium Ratio (2.1/2.2).....................................
Reserve Numerator............................................
Reserve Denominator........................................
Reserve Ratio (2.4/2.5)......................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
........................................
1
Current Year
$...............................0
$...............................0
..............................0.0
$...............................0
$...............................0
..............................0.0
2
Prior Year
$...............................0
$...............................0
..............................0.0
$...............................0
$...............................0
..............................0.0
Does the reporting entity issue both participating and non-participating policies?
If yes, state the amount of calendar year premiums written on:
3.21 Participating policies
3.22 Non-participating policies
........................................
........................................
4.
4.1
4.2
4.3
4.4
FOR MUTUAL REPORTING ENTITIES AND RECIPROCAL EXCHANGES ONLY:
Does the reporting entity issue assessable policies?
Does the reporting entity issue non-assessable policies?
If assessable policies are issued, what is the extent of the contingent liability of the policyholders?
Total amount of assessments paid or ordered to be paid during the year on deposit notes or contingent premiums.
Yes [ ]
No [ ]
Yes [ ]
No [ ]
.....................................%
........................................
5.
5.1
5.2
5.3
FOR RECIPROCAL EXCHANGES ONLY:
Does the exchange appoint local agents?
If yes, is the commission paid:
5.21 Out of Attorney's-in-fact compensation
5.22 As a direct expense of the exchange
What expenses of the exchange are not paid out of the compensation of the Attorney-in-fact?
5.4
5.5
Has any Attorney-in-fact compensation, contingent on fulfillment of certain conditions, been deferred?
If yes, give full information:
6.1
What provision has this reporting entity made to protect itself from an excessive loss in the event of a catastrophe under a workers' compensation contract issued
without limit of loss?
6.2
Describe the method used to estimate this reporting entity's probable maximum insurance loss, and identify the type of insured exposures comprising that
probable maximum loss, the locations of concentrations of those exposures and the external resources (such as consulting firms or computer software
models), if any, used in the estimation process:
6.3
What provision has this reporting entity made (such as a catastrophic reinsurance program) to protect itself from an excessive loss arising from the
types and concentrations of insured exposures comprising its probable maximum property insurance loss?
6.4
Does the reporting entity carry catastrophe reinsurance protection for at least one reinstatement, in an amount sufficient to cover its estimated
probable maximum loss attributable to a single loss event or occurrence?
If no, describe any arrangements or mechanisms employed by the reporting entity to supplement its catastrophe reinsurance program or to hedge its
exposure to unreinsured catastrophic loss:
6.5
7.1
7.2
7.3
Yes [ ]
Has the reporting entity reinsured any risk with any other entity under a quota share reinsurance contract that includes a provision that would
limit the reinsurer's losses below the stated quota share percentage (e.g., a deductible, a loss ratio corridor, a loss cap, an aggregate limit or
any similar provisions)?
If yes, indicate the number of reinsurance contracts containing such provisions.
If yes, does the amount of reinsurance credit taken reflect the reduction in quota share coverage caused by any applicable limiting provision(s)?
16
Yes [ ]
Yes [ ]
No [ X ]
Yes [ ]
No [ ]
No [ ]
No [ ]
N/A [ ]
N/A [ ]
Yes [ ]
No [ X ]
Yes [ X ]
No [ ]
Yes [ X ]
No [ ]
.....................................0
Yes [ X ]
No [ ]
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 2 - PROPERTY AND CASUALTY INTERROGATORIES
8.1
8.2
9.1
9.2
9.3
9.4
9.5
9.6
10.
Has this reporting entity reinsured any risk with any other entity and agreed to release such entity from liability, in whole or in part,
from any loss that may occur on this risk, or portion thereof, reinsured?
If yes, give full information:
Has the reporting entity ceded any risk under any reinsurance contract (or under multiple contracts with the same reinsurer or its affiliates) for
which during the period covered by the statement: (i) it recorded a positive or negative underwriting result greater than 5% of prior year-end
surplus as regards policyholders or it reported calendar year written premium ceded or year-end loss and loss expense reserves ceded greater
than 5% of prior year-end surplus as regards policyholders; (ii) it accounted for that contract as reinsurance and not as a deposit; and (iii) the
contract(s) contain one or more of the following features or other features that would have similar results:
(a)
A contract term longer than two years and the contract is noncancellable by the reporting entity during the contract term;
(b)
A limited or conditional cancellation provision under which cancellation triggers an obligation by the reporting entity, or an affiliate of the
reporting entity, to enter into a new reinsurance contract with the reinsurer, or an affiliate of the reinsurer;
(c)
Aggregate stop loss reinsurance coverage;
(d)
A unilateral right by either party (or both parties) to commute the reinsurance contract, whether conditional or not, except for such provisions
which are only triggered by a decline in the credit status of the other party;
(e)
A provision permitting reporting of losses, or payment of losses, less frequently than on a quarterly basis (unless there is no activity
during the period); or
(f)
Payment schedule, accumulating retentions from multiple years or any features inherently designed to delay timing of the reimbursement
to the ceding entity?
Has the reporting entity during the period covered by the statement ceded any risk under any reinsurance contract (or under multiple contracts
with the same reinsurer or its affiliates), for which, during the period covered by the statement, it recorded a positive or negative underwriting
result greater than 5% of prior year-end surplus as regards policyholders or it reported calendar year written premium ceded or year-end loss
and loss expense reserves ceded greater than 5% of prior year-end surplus as regards policyholders; excluding cessions to approved
pooling arrangements or to captive insurance companies that are directly or indirectly controlling, controlled by, or under control with
(i) one or more unaffiliated policyholders of the reporting entity, or (ii) an association of which one or more unaffiliated policyholders of the
reporting entity is a member where:
(a)
The written premium ceded to the reinsurer by the reporting entity or its affiliate represents fifty percent (50%) or more of the entire
direct and assumed premium written by the reinsurer based on its most recently available financial statement; or
(b)
Twenty-five percent (25%) or more of the written premium ceded to the reinsurer has been retroceded back to the reporting entity or its
affiliates in a separate reinsurance contract?
If yes to 9.1 or 9.2, please provide the following information in the Reinsurance Summary Supplemental Filing for General Interrogatory 9:
(a)
The aggregate financial statement impact gross of all such ceded reinsurance contracts on the balance sheet and statement of income;
(b)
A summary of the reinsurance contract terms and indicate whether it applies to the contracts meeting the criteria in 9.1 or 9.2; and
(c)
A brief discussion of management's principle objectives in entering into the reinsurance contract including the economic purpose to be
achieved.
Except for transactions meeting the requirements of paragraph 32 of SSAP No. 62, Property and Casualty Reinsurance, has the reporting entity
ceded any risk under any reinsurance contract (or multiple contracts with the same reinsurer or its affiliates) during the period covered by the
financial statement, and either:
(a)
Accounted for that contract as reinsurance (either prospective or retroactive) under statutory accounting principles ("SAP") and as a
deposit under generally accepted accounting principles ("GAAP"); or
(b)
Accounted for that contract as reinsurance under GAAP and as a deposit under SAP?
If yes to 9.4, explain in the Reinsurance Summary Supplemental Filing for General Interrogatory 9 (Section D) why the contract(s) is treated
differently for GAAP and SAP.
The reporting entity is exempt from the Reinsurance Attestation Supplement under one or more of the following criteria:
(a)
The entity does not utilize reinsurance; or
(b)
The entity only engages in a 100% quota share contract with an affiliate and the affiliated or lead company has filed an attestation
supplement; or
(c)
The entity has no external cessions and only participates in an intercompany pool and the affiliated or lead company has filed
an attestation supplement.
If the reporting entity has assumed risks from another entity, there should be charged on account of such reinsurance a reserve equal to that which the
original entity would have been required to charge had it retained the risks. Has this been done?
Yes [ ]
11.1 Has this reporting entity guaranteed policies issued by any other reporting entity and now in force?
11.2 If yes, give full information:
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ X ]
No [ ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
No [ ]
N/A [ X ]
Yes [ ]
No [ X ]
12.1 If the reporting entity recorded accrued retrospective premiums on insurance contracts on Line 13.3 of the assets schedule, Page 2, state the amount of
corresponding liabilities recorded for:
12.1 Unpaid losses
$.................................0
12.1 Unpaid underwriting expenses (including loss adjustment expenses)
$.................................0
12.2 Of the amount on Line 13.3, Page 2, state the amount that is secured by letters of credit, collateral and other funds:
$.................................0
12.3 If the reporting entity underwrites commercial insurance risks, such as workers' compensation, are premium notes or promissory notes accepted from its
insureds covering unpaid premiums and/or unpaid losses?
Yes [ ]
No [ X ]
N/A [ ]
12.4 If yes, provide the range of interest rates charged under such notes during the period covered by this statement:
12.4 From
..................................%
12.4 To
..................................%
12.5 Are letters of credit or collateral and other funds received from insureds being utilized by the reporting entity to secure premium notes or promissory notes taken
by a reporting entity, or to secure any of the reporting entity's reported direct unpaid loss reserves, including unpaid losses under loss deductible features
of commercial policies?
Yes [ ]
No [ X ]
12.6 If yes, state the amount thereof at December 31 of current year:
12.6 Letters of credit
......................................
12.6 Collateral and other funds
......................................
13.1 Largest net aggregate amount insured in any one risk (excluding workers' compensation):
13.2 Does any reinsurance contract considered in the calculation of this amount include an aggregate limit of recovery without also including a
reinstatement provision?
13.3 State the number of reinsurance contracts (excluding individual facultative risk certificates, but including facultative programs, automatic facilities
or facultative obligatory contracts) considered in the calculation of the amount.
16.1
$.................................0
Yes [ ]
No [ X ]
..................................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
GENERAL INTERROGATORIES
PART 2 - PROPERTY AND CASUALTY INTERROGATORIES
14.1 Is the company a cedant in a multiple cedant reinsurance contract?
14.2 If yes, please describe the method of allocating and recording reinsurance among the cedants:
Yes [ X ]
No [ ]
14.3 If the answer to 14.1 is yes, are the methods described in item 14.2 entirely contained in the respective multiple cedant reinsurance contracts?
14.4 If the answer to 14.3 is no, are all the methods described in 14.2 entirely contained in written agreements?
14.5 If the answer to 14.4 is no, please explain:
Yes [ ]
Yes [ X ]
No [ X ]
No [ ]
15.1 Has the reporting entity guaranteed any financial premium accounts?
15.2 If yes, give full information:
Yes [ ]
No [ X ]
16.1 Does the reporting entity write any warranty business?
If yes, disclose the following information for each of the following types of warranty coverage:
1
2
3
Direct Losses
Direct Losses
Direct Written
Incurred
Unpaid
Premium
16.11 Home........................................ .................................. .................................. ..................................
16.12 Products................................... .................................. .................................. ..................................
16.13 Automobile................................ .................................. .................................. ..................................
16.14 Other*....................................... .................................. .................................. ..................................
* Disclose type of coverage: ..............
Yes [ ]
No [ X ]
Yes [ ]
No [ X ]
4
Direct Premium
Unearned
..................................
..................................
..................................
..................................
5
Direct Premium
Earned
..................................
..................................
..................................
..................................
17.1 Does the reporting entity include amounts recoverable on unauthorized reinsurance in Schedule F-Part 3 that it excludes from Schedule F-Part 5?
Incurred but not reported losses on contracts in force prior to July 1, 1984, and not subsequently renewed are exempt from inclusion in Schedule F-Part 5.
Provide the following information for this exemption:
17.11 Gross amount of unauthorized reinsurance in Schedule F-Part 3 excluded from Schedule F-Part 5
17.12 Unfunded portion of Interrogatory 17.11
17.13 Paid losses and loss adjustment expenses portion of Interrogatory 17.11
17.14 Case reserves portion of Interrogatory 17.11
17.15 Incurred but not reported portion of Interrogatory 17.11
17.16 Unearned premium portion of Interrogatory 17.11
17.17 Contingent commission portion of Interrogatory 17.11
Provide the following information for all other amounts included in Schedule F-Part 3 and excluded from Schedule F-Part 5, not included above:
17.18 Gross amount of unauthorized reinsurance in Schedule F-Part 3 excluded from Schedule F-Part 5
17.19 Unfunded portion of Interrogatory 17.18
17.20 Paid losses and loss adjustment expenses portion of Interrogatory 17.18
17.21 Case reserves portion of Interrogatory 17.18
17.22 Incurred but not reported portion of Interrogatory 17.18
17.23 Unearned premium portion of Interrogatory 17.18
17.24 Contingent commission portion of Interrogatory 17.18
18.1
18.2
18.3
18.4
Do you act as a custodian for health savings account?
If yes, please provide the amount of custodial funds held as of the reporting date.
Do you act as an administrator for health savings accounts?
If yes, please provide the balance of the funds administered as of the reporting date.
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
......................................
Yes [ ]
No [ X ]
......................................
Yes [ ]
No [ X ]
......................................
16.2
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
FIVE-YEAR HISTORICAL DATA
Show amounts in whole dollars only, no cents; show percentages to one decimal place, i.e. 17.6.
1
2009
2
2008
3
2007
4
2006
5
2005
Gross Premiums Written (Page 8, Part 1B, Cols. 1, 2 & 3)
1.
Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)... ........................... ........................... ............(216,773) .............880,741 .............840,604
2.
Property lines (Lines 1, 2, 9, 12, 21 & 26)........................................................................... ........................... ........................... .........(1,489,979) ........17,415,157 ........16,547,039
3.
Property and liability combined lines (Lines 3, 4, 5, 8, 22 & 27).......................................... .........(4,674,273) ............(258,156) .......(17,364,542) ........70,130,143 ........69,378,733
4.
All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29, 30 & 34).......................................... ........................... ........................... ........................... ........................... ...........................
5.
Nonproportional reinsurance lines (Lines 31, 32 & 33)....................................................... ........................... ........................... ........................... ........................... ...........................
6.
Total (Line 35).................................................................................................................... .........(4,674,273) ............(258,156) .......(19,071,294) ........88,426,041 ........86,766,376
Net Premiums Written (Page 8, Part 1B, Col. 6)
7.
Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)... ........................... ........................... ............(213,130) ..........1,410,580 ...........................
8.
Property lines (Lines 1, 2, 9, 12, 21 & 26)........................................................................... ........................... ........................... .........(2,201,105) ..........8,002,309 .............411,431
9.
Property and liability combined lines (Lines 3, 4, 5, 8, 22 & 27).......................................... .........(4,674,273) ............(258,156) .......(17,072,705) ........52,299,153 ..........1,429,975
10.
All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29, 30 & 34).......................................... ........................... ........................... ........................... ........................... ...........................
11.
Nonproportional reinsurance lines (Lines 31, 32 & 33)....................................................... ........................... ........................... ........................... ........................... ...........................
12.
Total (Line 35).................................................................................................................... .........(4,674,273) ............(258,156) .......(19,486,940) ........61,712,041 ..........1,841,406
Statement of Income (Page 4)
13.
Net underwriting gain (loss) (Line 8)................................................................................... .......(27,982,405) ............(737,202) ..........1,063,647 ..........4,596,816 ............(154,736)
14.
Net investment gain (loss) (Line 11)................................................................................... .............146,183 .............116,536 .............489,320 ..........1,503,022 .............772,853
15.
Total other income (Line 15)............................................................................................... ................(1,862) ............(147,157) ...............46,513 .............154,942 .............167,334
16.
Dividends to policyholders (Line 17)................................................................................... ........................... ........................... ........................... ........................... ...........................
17.
Federal and foreign income taxes incurred (Line 19).......................................................... .........(2,683,608) ............(167,567) .........(1,374,584) ..........3,966,884 .............257,023
18.
Net income (Line 20).......................................................................................................... .......(25,154,476) ............(600,256) ..........2,974,064 ..........2,287,896 .............528,428
Balance Sheet Lines (Pages 2 and 3)
19.
Total admitted assets excluding protected cell business (Page 2, Line 24, Col. 3)............. ..........6,356,488 ........11,785,924 ........14,211,373 ........55,858,544 ........38,576,303
20.
Premiums and considerations (Page 2, Col. 3):
20.1 InIncourse
courseofofcollection
collection(Line
(Line13.1)
13.1)............................................................................. ........................... ........................... ........................... .............500,920 ..........1,516,398
20.2 Deferred
Deferredand
andnot
notyet
yetdue
due(Line
(Line13.2)
13.2)........................................................................ ........................... ........................... ........................... ..........4,448,056 ..........4,375,321
20.3 Accrued
Accruedretrospective
retrospectivepremiums
premiums(Line
(Line13.3)
13.3)............................................................. ........................... ........................... ........................... ........................... ...........................
21.
Total liabilities excluding protected cell business (Page 3, Line 24).................................... ..........6,778,897 ........23,114,533 ........27,669,923 ........74,256,366 ........18,827,767
22.
Losses (Page 3, Line 1)...................................................................................................... ..........3,678,020 ..........1,456,315 ..........3,186,838 ..........4,873,947 ...........................
23.
Loss adjustment expenses (Page 3, Line 3)....................................................................... .............558,900 .............407,935 .............824,269 ..........1,304,507 ...........................
24.
Unearned premiums (Page 3, Line 9)................................................................................. ........................... ........................... ........................... ........28,612,098 ...........................
25.
Capital paid up (Page 3, Lines 28 & 29)............................................................................. ..........2,500,000 ..........2,500,000 ..........2,500,000 ..........2,500,000 ..........2,500,000
26.
Surplus as regards policyholders (Page 3, Line 35)............................................................ ............(422,409) .......(11,328,609) .......(13,458,522) .......(18,397,822) ........19,748,537
Cash Flow (Page 5)
27.
Net cash from operations (Line 11)..................................................................................... .......(21,080,368) .........(3,182,221) .......(27,031,914) ..........2,066,172 ........23,646,256
Risk-Based Capital Analysis
28.
Total adjusted capital......................................................................................................... ............(422,409) .......(11,328,609) .......(13,458,522) .......(15,459,556) ........19,748,537
29.
Authorized control level risk-based capital.......................................................................... .............318,072 .............440,154 .............589,122 ..........4,236,475 ..........3,106,166
Percentage Distribution of Cash, Cash Equivalents and Invested Assets
(Page 2, Col. 3) (Item divided by Page 2, Line 10, Col. 3) x 100.0
30.
Bonds (Line 1).................................................................................................................... .....................2.0 .....................9.8 .....................2.7 ...................45.5 ...................65.3
31.
Stocks (Lines 2.1 & 2.2)..................................................................................................... ........................... ........................... ........................... ........................... .....................4.9
32.
Mortgage loans on real estate (Lines 3.1 & 3.2)................................................................. ........................... ........................... ........................... ........................... ...........................
33.
Real estate (Lines 4.1, 4.2 & 4.3)....................................................................................... ........................... ........................... ........................... ........................... ...........................
34.
Cash, cash equivalents and short-term investments (Line 5).............................................. ...................98.0 ...................90.0 ...................97.3 ...................54.5 ...................29.8
35.
Contract loans (Line 6)....................................................................................................... ........................... ........................... ........................... ........................... ...........................
36.
Other invested assets (Line 7)............................................................................................ ........................... ........................... ........................... ........................... ...........................
37.
Receivable for securities (Line 8)....................................................................................... ........................... ........................... ........................... ........................... ...........................
38.
Aggregate write-ins for invested assets (Line 9)................................................................. ........................... ........................... ........................... ........................... ...........................
39.
Cash, cash equivalents and invested assets (Line 10)........................................................ .................100.0 ...................99.8 .................100.0 .................100.0 .................100.0
Investments in Parent, Subsidiaries and Affiliates
40.
Affiliated bonds (Sch. D, Summary, Line 12, Col. 1)........................................................... ........................... ........................... ........................... ........................... ...........................
41.
Affiliated preferred stocks (Sch. D, Summary, Line 18, Col. 1)........................................... ........................... ........................... ........................... ........................... ...........................
42.
Affiliated common stocks (Sch. D, Summary, Line 24, Col. 1)............................................ ........................... ........................... ........................... ........................... ...........................
43.
Affiliated short-term investments (Schedule DA, Verification, Col. 5, Line 10).................... ........................... ........................... ........................... ........................... ...........................
44.
Affiliated mortgage loans on real estate.............................................................................. ........................... ........................... ........................... ........................... ...........................
45.
All other affiliated................................................................................................................ ........................... ........................... ........................... ........................... ...........................
46.
Total of above lines 40 to 45.............................................................................................. ........................0 ........................0 ........................0 ........................0 ........................0
47.
Percentage of investments in parent, subsidiaries and affiliates to surplus
as regards policyholders (Line 46 above divided by Page 3, Col. 1, Line 35 x 100.0)......... .....................0.0 ........................... ........................... ........................... ...........................
17
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
FIVE-YEAR HISTORICAL DATA
(Continued)
1
2
3
4
5
2009
2008
2007
2006
2005
Capital and Surplus Accounts (Page 4)
48.
Net unrealized capital gains (losses) (Line 24)................................................................... ........................... ........................... ........................... .................7,700 ..............(98,219)
49.
Dividends to stockholders (Line 35).................................................................................... ........................... ........................... ........................... ........................... ...........................
50.
Change in surplus as regards policyholders for the year (Line 38)...................................... ........10,906,200 ..........2,129,913 ..........4,939,300 .......(38,146,359) ..........1,947,923
51.
Gross Losses Paid (Page 9, Part 2, Cols. 1&2)
Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)... .............220,000 .............189,750 ...............91,764 .............128,731 .............508,093
52.
Property lines (Lines 1, 2, 9, 12, 21 & 26)........................................................................... ...............87,287 .............132,000 .............893,785 ..........7,045,394 ........15,959,956
53.
Property and liability combined lines (Lines 3, 4, 5, 8, 22 & 27).......................................... ..........1,870,241 ..........3,081,973 ........10,033,538 ........37,700,190 ........64,080,167
54.
All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29, 30 & 34).......................................... ........................... ........................... ........................... ........................... ...........................
55.
Nonproportional reinsurance lines (Lines 31, 32 & 33)....................................................... ........................... ........................... ........................... ........................... ...........................
56.
Total (Line 35).................................................................................................................... ..........2,177,528 ..........3,403,723 ........11,019,087 ........44,874,315 ........80,548,217
Net Losses Paid (Page 9, Part 2, Col. 4)
57.
Liability lines (Lines 11.1, 11.2, 16, 17.1, 17.2, 17.3, 18.1, 18.2, 19.1, 19.2 & 19.3, 19.4)... .............547,792 ...............53,881 ...............47,070 .................3,685 ...........................
58.
Property lines (Lines 1, 2, 9, 12, 21 & 26)........................................................................... ...............87,287 ...............12,813 .............458,460 ..........1,055,662 ...........................
59.
Property and liability combined lines (Lines 3, 4, 5, 8, 22 & 27).......................................... ........19,224,738 .............542,109 ..........5,146,631 ..........5,833,869 ...........................
60.
All other lines (Lines 6, 10, 13, 14, 15, 23, 24, 28, 29, 30 & 34).......................................... ........................... ........................... ........................... ........................... ...........................
61.
Nonproportional reinsurance lines (Lines 31, 32 & 33)....................................................... ........................... ........................... ........................... ........................... ...........................
62.
Total (Line 35).................................................................................................................... ........19,859,817 .............608,803 ..........5,652,161 ..........6,893,216 ........................0
Operating Percentages
(Page 4) (Item divided by Page 4, Line 1) x 100.0
63.
Premiums earned (Line 1).................................................................................................. .................100.0 .................100.0 .................100.0 .................100.0 .................100.0
64.
Losses incurred (Line 2)..................................................................................................... N/A..................... .................552.9 ...................43.5 ...................36.4 ...........................
65.
Loss expenses incurred (Line 3)......................................................................................... N/A..................... ..................(15.6) ...................21.5 ...................10.4 ...........................
66.
Other underwriting expenses incurred (Line 4)................................................................... N/A..................... ................(722.8) ...................23.1 ...................54.4 .................108.4
67.
Net underwriting gain (loss) (Line 8)................................................................................... N/A..................... .................185.6 ...................12.0
...................(2.0) ...................(8.4)
Other Percentages
68.
Other underwriting expenses to net premiums written (Page 4, Lines 4 + 5 - 15
divided by Page 8, Part 1B, Col. 6, Line 35 x 100.0)........................................................... N/A..................... .................185.6 ..................(10.6) ...................30.5 ...................99.3
69.
Losses and loss expenses incurred to premiums earned
(Page 4, Lines 2 + 3 divided by Page 4, Line 1 x 100.0)..................................................... N/A..................... ................(537.2) ...................64.9 ...................46.8 ...........................
70.
Net premiums written to policyholders' surplus (Page 8, Part 1B,
Col. 6, Line 35, divided by Page 3, Line 35, Col. 1 x 100.0)................................................ N/A..................... .....................2.3 .................144.8 ...................(4.0) .....................9.3
One Year Loss Development (000 omitted)
71.
Development in estimated losses and loss expenses incurred prior
to current year (Schedule P, Part 2-Summary, Line 12, Col. 11)........................................ ...............22,476 ................(1,134) ....................591 ....................145 ...........................
72.
Percent of development of losses and loss expenses incurred to policyholders' surplus of
prior year end (Line 71 above divided by Page 4, Line 21, Col. 1 x 100)............................ ................(198.4) .....................8.4
...................(3.2) .....................0.7 ...........................
Two Year Loss Development (000 omitted)
73.
Development in estimated losses and loss expenses incurred 2 years before the
current year and prior year (Schedule P, Part 2-Summary, Line 12, Col. 12)...................... ...............21,342
74.
....................(33) ....................142 ......................53 ...........................
Percent of development of losses and loss expenses incurred to
reported policyholders' surplus of second prior year end
(Line 73 above divided by Page 4, Line 21, Col. 2 x 100.0)................................................ ................(158.6) .....................0.3 .....................0.7 .....................0.3 ...........................
NOTE: If a party to a merger, have the two most recent years of this exhibit been restated due to a merger in compliance with the disclosure
requirements of SSAP No. 3, Accounting Changes and Correction of Errors?
Yes [ ]
No [ ]
If no, please explain:
18
Annual Statement for the year 2009 of the
NAIC Group Code.....958
19.GT
1.
2.1
2.2
2.3
3.
4.
5.1
5.2
6.
8.
9.
10.
11.
12.
13.
14.
15.1
15.2
15.3
15.4
15.5
15.6
15.7
15.8
16.
17.1
17.2
17.3
18.
19.1
19.2
19.3
19.4
21.1
21.2
22.
23.
24.
26.
27.
28.
30.
34.
35.
3401.
3402.
3403.
3498.
3499.
(a)
(b)
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
NAIC Company Code....10663
*10663200943059100*
EXHIBIT OF PREMIUMS AND LOSSES (Statutory Page 14 Data)
BUSINESS IN GRAND TOTAL DURING THE YEAR
7
8
9
10
11
12
Direct Losses
Incurred
..................233,129
................................
................................
................................
................................
..................866,436
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
....................89,407
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
...............1,188,972
Direct Losses
Unpaid
..................462,615
................................
................................
................................
................................
...............2,897,166
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
..................318,239
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
...............3,678,021
Direct Defense
and Cost
Containment
Expense Paid
....................26,632
................................
................................
................................
................................
..................188,599
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
....................29,956
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
..................245,187
Direct Defense
and Cost
Containment
Expense Incurred
....................11,754
................................
................................
................................
................................
....................13,431
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
......................6,461
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
....................31,645
Direct Defense
and Cost
Containment
Expense Unpaid
....................44,127
................................
................................
................................
................................
..................238,881
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
....................74,134
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
..................357,142
Commissions
and Brokerage
Expenses
................................
................................
................................
................................
................................
..................304,660
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
..................304,660
Taxes,
Licenses and
Fees
................................
................................
................................
................................
................................
................(367,951)
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
................(367,951)
........................................................................................................ ................................ ................................ ................................
................................
........................................................................................................ ................................ ................................ ................................
................................
........................................................................................................ ................................ ................................ ................................
................................
Summary of remaining write-ins for Line 34 from overflow page.... .............................0 .............................0 .............................0
.............................0
TOTALS (Lines 3401 thru 3403 plus 3498) (Line 34 above).......... .............................0 .............................0 .............................0
.............................0
Finance and service charges not included in Lines 1 to 35 $...............0.
For health business on indicated lines report: Number of persons insured under PPO managed care products..........0 and number of persons insured under indemnity only products..........0.
................................
................................
................................
.............................0
.............................0
................................
................................
................................
.............................0
.............................0
................................
................................
................................
.............................0
.............................0
................................
................................
................................
.............................0
.............................0
................................
................................
................................
.............................0
.............................0
................................
................................
................................
.............................0
.............................0
Line of Business
Fire..................................................................................................
Allied lines.......................................................................................
Multiple peril crop............................................................................
Federal flood...................................................................................
Farmowners multiple peril...............................................................
Homeowners multiple peril..............................................................
Commercial multiple peril (non-liability portion)..............................
Commercial multiple peril (liability portion)......................................
Mortgage guaranty..........................................................................
Ocean marine..................................................................................
Inland marine..................................................................................
Financial guaranty...........................................................................
Medical professional liability............................................................
Earthquake......................................................................................
Group accident and health (b).........................................................
Credit A & H (group and individual).................................................
Collectively renewable A&H (b).......................................................
Non-cancelable A & H (b)...............................................................
Guaranteed renewable A & H (b)....................................................
Non-renewable for stated reasons only (b).....................................
Other accident only.........................................................................
Medicare Title XVIII exempt from state taxes or fees.....................
All other A & H (b)...........................................................................
Federal employees health benefits program premium (b)..............
Workers' compensation...................................................................
Other liability-occurrence................................................................
Other liability-claims-made..............................................................
Excess workers' compensation.......................................................
Products liability..............................................................................
Private passenger auto no-fault (personal injury protection)...........
Other private passenger auto liability..............................................
Commercial auto no-fault (personal injury protection)....................
Other commercial auto liability........................................................
Private passenger auto physical damage.......................................
Commercial auto physical damage.................................................
Aircraft (all perils)............................................................................
Fidelity.............................................................................................
Surety..............................................................................................
Burglary and theft............................................................................
Boiler and machinery......................................................................
Credit...............................................................................................
Warranty..........................................................................................
Aggregate write-ins for other lines of business...............................
TOTALS (a).....................................................................................
Gross Premiums, Including Policy and
Membership Fees, Less Return Premiums
and Premiums on Policies not Taken
1
2
Direct Premiums
Direct Premiums
Written
Earned
..............(4,674,273) ..............(4,674,273)
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
.............................0 .............................0
..............(4,674,273) ..............(4,674,273)
3
Dividends Paid or
Credited to
Policyholders on
Direct Business
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
.............................0
4
5
Direct Losses
Direct Unearned
Paid
Premium Reserves (deducting salvage)
................................ ....................87,287
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ...............1,870,241
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ..................220,000
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
................................ ................................
.............................0 .............................0
.............................0 ...............2,177,528
DETAILS OF WRITE-INS
................................ ................................
................................ ................................
................................ ................................
.............................0 .............................0
.............................0 .............................0
6
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. F-Pt. 1
NONE
Sch. F-Pt. 2
NONE
Sch. F-Pt. 3
NONE
Sch. F-Pt. 4
NONE
Sch. F-Pt. 5
NONE
Sch. F-Pt. 6
NONE
Sch. F-Pt. 7
NONE
Sch. F-Pt. 8
NONE
Sch. H-Pt. 1
NONE
Sch. H-Pt. 2
NONE
Sch. H-Pt. 3
NONE
Sch. H-Pt. 4
NONE
Sch. H-Pt. 5
NONE
20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Annual Statement for the year 2009 of the
SCHEDULE P - ANALYSIS OF LOSSES AND LOSS EXPENSES
SCHEDULE P - PART 1 - SUMMARY
($000 Omitted)
Years in Which
Premiums
Were
Earned and
Losses Were
Incurred
Premiums Earned
2
1
Direct
and
Assumed
3
Net
(Cols. 1 - 2)
Ceded
Loss Payments
4
5
Direct
and
Assumed
Ceded
Loss and Loss Expense Payments
Defense and Cost
Adjusting and Other
Containment Payments
Payments
6
7
8
9
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
10
11
Salvage
and
Subrogation
Received
Total
Net Paid
(Cols. 4 - 5 +
6 - 7 + 8 - 9)
12
Number
of
Claims
ReportedDirect and
Assumed
1. Prior......... .........XXX....... .........XXX....... .........XXX....... ..................... ..................... ..................... ..................... ..................... ..................... ..................... ....................0 ......XXX.......
2. 2000......... ...........59,995
...........33,646 ...........26,349 ........20,398 ........12,690 .............332 .............240 ..........3,501 ..........2,210 .............345 .............9,091 ......XXX.......
3. 2001......... ...........69,033 ...........66,460 .............2,573 ........27,402 ........25,243 .............645 .............644 ..........7,335 ..........7,320 .............309 .............2,175 ......XXX.......
4. 2002......... .........135,392 .........132,832 .............2,560 ........54,498 ........49,845 ..........1,734 ..........1,731 ........14,815 ........14,800 ...............47 .............4,671 ......XXX.......
5. 2003......... ...........74,526 ...........72,649 .............1,877 ........28,859 ........26,401 .............496 .............469 ..........4,429 ..........4,331 .............177 .............2,583 ......XXX.......
6. 2004......... ...........73,952 ...........72,413 .............1,539 ......174,497 ......171,959 ..........4,755 ..........4,684 ........15,437 ........15,208 .............179 .............2,838 ......XXX.......
7. 2005......... ...........82,219 ...........80,378 .............1,841 ........53,146 ........49,059 ..........4,074 ..........3,840 ..........6,885 ..........5,390 ...............63 .............5,816 ......XXX.......
8. 2006......... ...........90,731 ...........58,242 ...........32,489 ........19,851 ..........7,736 .............998 .............200 ..........3,120 ...............84 ...............62 ...........15,949 ......XXX.......
9. 2007......... ...........26,660 ...........17,535 .............9,125 ..........3,434 ..................... .............312 ..................... .............340 ..................... ...............11 .............4,086 ......XXX.......
10. 2008......... ...............(258) ....................... ...............(258) ..................... ..................... ..................... ..................... ..................... ..................... ..................... ....................0 ......XXX.......
11. 2009......... ............(4,674) ....................... ............(4,674) ..................... ..................... ..................... ..................... ..................... ..................... ..................... ....................0 ......XXX.......
12. Totals....... .........XXX....... .........XXX....... .........XXX....... ......382,085 ......342,933 ........13,346 ........11,808 ........55,862 ........49,343 ..........1,193 ...........47,209 ......XXX.......
Losses Unpaid
Case Basis
13
14
Direct
and
Assumed
Ceded
Bulk + IBNR
15
16
Direct
and
Assumed
Ceded
Defense and Cost Containment Unpaid
Case Basis
Bulk + IBNR
17
18
19
20
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
Adjusting and Other
Unpaid
21
22
Direct
and
Assumed
Ceded
23
Salvage
and
Subrogation
Anticipated
24
Total
Net
Losses
and
Expenses
Unpaid
25
Number of
Claims
OutstandingDirect and
Assumed
1. Prior..... ...............28 .................... .................... .................... .................1 .................... .................... .................... .................... .................... .................... ..................29 ......XXX.......
2. 2000..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... ....................0 ......XXX.......
3. 2001..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... ....................0 ......XXX.......
4. 2002..... ...............15 .................... .................... .................... ...............12 .................... .................... .................... .................... .................... .................... ..................27 ......XXX.......
5. 2003..... .............100 .................... ...............(1) .................... ...............29 .................... .................... .................... ...............15 .................... .................... ................143 ......XXX.......
6. 2004..... ..........1,062 .................... ...............60 .................... .............117 .................... .................7 .................... ...............23 .................... .................... .............1,269 ......XXX.......
7. 2005..... .............848 .................... .............170 .................... ...............62 .................... ...............21 .................... .............145 .................... .................... .............1,246 ......XXX.......
8. 2006..... .............664 .................... .............203 .................... ...............41 .................... ...............25 .................... ...............16 .................... .................... ................949 ......XXX.......
9. 2007..... .............386 .................... .............142 .................... ...............23 .................... ...............18 .................... .................3 .................... .................... ................572 ......XXX.......
10. 2008..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... ....................0 ......XXX.......
11. 2009..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... ....................0 ......XXX.......
12. Totals... ..........3,103 .................0 .............574 .................0 .............285 .................0 ...............71 .................0 .............202 .................0 .................0 .............4,235 ......XXX.......
26
Direct
and
Assumed
Total Losses and
Loss Expenses Incurred
27
28
Ceded
Net
Loss and Loss Expense Percentage
(Incurred/Premiums Earned)
29
30
31
Direct
and
Assumed
Ceded
Net
32
Loss
Nontabular
Discount
34
33
Loss
Expense
Inter-Company
Pooling
Participation
Percentage
Net Balance Sheet
Reserves after Discount
35
36
Loss
Losses
Expenses
Unpaid
Unpaid
1. Prior.. ........XXX......... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ......................... ......................... ........XXX......... ...................28 .....................1
2. 2000. ............24,231 ............15,140 ..............9,091 ................40.4 ................45.0 ................34.5 ......................... ......................... ........................ .....................0 .....................0
3. 2001. ............35,382 ............33,207 ..............2,175 ................51.3 ................50.0 ................84.5 ......................... ......................... ........................ .....................0 .....................0
4. 2002. ............71,074 ............66,376 ..............4,698 ................52.5 ................50.0 ..............183.5 ......................... ......................... ........................ ...................15 ...................12
5. 2003. ............33,927 ............31,201 ..............2,726 ................45.5 ................42.9 ..............145.2 ......................... ......................... ........................ ...................99 ...................44
6. 2004. ..........195,958 ..........191,851 ..............4,107 ..............265.0 ..............264.9 ..............266.9 ......................... ......................... ........................ ..............1,122 .................147
7. 2005. ............65,351 ............58,289 ..............7,062 ................79.5 ................72.5 ..............383.6 ......................... ......................... ........................ ..............1,018 .................228
8. 2006. ............24,918 ..............8,020 ............16,898 ................27.5 ................13.8 ................52.0 ......................... ......................... ........................ .................867 ...................82
9. 2007. ..............4,658 .....................0 ..............4,658 ................17.5 ..................0.0 ................51.0 ......................... ......................... ........................ .................528 ...................44
10. 2008. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
11. 2009. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
12. Totals ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................0 .....................0 ........XXX......... ..............3,677 .................558
Note: Parts 2 and 4 are gross of all discounting, including tabular discounting. Part 1 is gross of only nontabular discounting, which is reported in Columns 32 and 33 of
Part 1. The tabular discount, if any, is reported in the Notes to Financial Statements which will reconcile Part 1 with Parts 2 and 4.
31
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 2 - SUMMARY
Years in
Which
Losses Were
Incurred
Incurred Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
1
2000
2001
2002
2003
2004
2005
2006
2007
DEVELOPMENT
11
12
10
2008
2009
One
Year
Two
Year
1. Prior..... ..........22,995 ..........19,838 ..........19,817 ..........19,817 ..........19,817 ..........19,817 ..........19,823 ..........19,822 ..........19,822 ..........20,815 ...............993 ...............993
2. 2000.... ..........13,045 ............6,744 ............6,744 ............6,744 ............6,744 ............6,744 ............6,745 ............6,745 ............6,745 ............7,801 ............1,056 ............1,056
3. 2001.... ........XXX....... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ............2,159 ............2,159 ............2,159
4. 2002.... ........XXX....... ........XXX....... ...................... ...................... ...................... ...................... ...................2 ...................1 ...................1 ............4,682 ............4,681 ............4,681
5. 2003.... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... ...................... ...................7 ...................5 ...................5 ............2,617 ............2,612 ............2,612
6. 2004.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... .................39 .................32 .................32 ............3,829 ............3,797 ............3,797
7. 2005.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... .................92 ...............100 ...............106 ............5,447 ............5,341 ............5,347
8. 2006.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ..........12,041 ..........12,635 ..........12,005 ..........13,875 ............1,870 ............1,240
9. 2007.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ............4,828 ............4,318 ............4,285 ...............(33) .............(543)
10. 2008.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... ...................0 ........XXX.......
11. 2009.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ........XXX....... ........XXX.......
12. Totals...... ..........22,476 ..........21,342
SCHEDULE P - PART 3 - SUMMARY
Cumulative Paid Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
1
Years in
Which
Losses Were
Incurred
2000
2001
2002
2003
2004
2005
2006
2007
10
2008
2009
11
Number of
Claims
Closed With
Loss
Payment
12
Number of
Claims
Closed
Without
Loss
Payment
1. Prior..... ........000........ ..........19,838 ..........19,717 ..........19,817 ..........19,817 ..........19,817 ..........19,823 ..........19,822 ..........19,822 ..........20,786 ........XXX....... ........XXX.......
2. 2000.... ............6,744 ............6,744 ............6,744 ............6,744 ............6,744 ............6,806 ............6,745 ............6,745 ............6,745 ............7,801 ........XXX....... ........XXX.......
3. 2001.... ........XXX....... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................1 ............2,160 ........XXX....... ........XXX.......
4. 2002.... ........XXX....... ........XXX....... ...................... ...................... ...................... ...................... ...................1 ...................1 ...................1 ............4,656 ........XXX....... ........XXX.......
5. 2003.... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... ...................... ...................5 ...................5 .................11 ............2,491 ........XXX....... ........XXX.......
6. 2004.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... .................33 .................32 ...............166 ............2,742 ........XXX....... ........XXX.......
7. 2005.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... .................88 .................88 ...............186 ............4,428 ........XXX....... ........XXX.......
8. 2006.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ............7,035 ..........10,589 ..........11,385 ..........13,346 ........XXX....... ........XXX.......
9. 2007.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ............3,317 ............3,709 ............3,747 ........XXX....... ........XXX.......
10. 2008.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ...................... ........XXX....... ........XXX.......
11. 2009.... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ........XXX....... ...................... ........XXX....... ........XXX.......
SCHEDULE P - PART 4 - SUMMARY
Years in
Which
Losses Were
Incurred
1
2000
Bulk and IBNR Reserves on Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
1.
Prior......... ...............3,234 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................
2.
2000....... ...............6,974 ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................
3.
2001....... ..........XXX........ ......................... ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................
4.
2002....... ..........XXX........ ..........XXX........ ......................... ......................... ......................... ......................... ......................... ......................... ......................... .........................
5.
2003....... ..........XXX........ ..........XXX........ ..........XXX........ ......................... ......................... ......................... ......................... ......................... ......................... .....................(1)
6.
2004....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ......................... ......................... ......................... ......................... ......................... ....................67
7.
2005....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ......................... ......................... ....................11 ......................... ..................191
8.
2006....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ...............2,532 ...............1,557 ..................534 ..................228
9.
2007....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ...............1,000 ..................295 ..................160
10. 2008....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ......................... .........................
11. 2009....... ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ ..........XXX........ .........................
32
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Annual Statement for the year 2009 of the
SCHEDULE P - PART 1A - HOMEOWNERS/FARMOWNERS
Years in Which
Premiums
Were
Earned and
Losses Were
Incurred
($000 omitted)
Premiums Earned
2
1
Direct
and
Assumed
3
Net
(Cols. 1 - 2)
Ceded
Loss Payments
4
5
Direct
and
Assumed
Ceded
Loss and Loss Expense Payments
Defense and Cost
Adjusting and Other
Containment Payments
Payments
6
7
8
9
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
10
11
Salvage
and
Subrogation
Received
Total
Net Paid
(Cols. 4 - 5 +
6 - 7 + 8 - 9)
12
Number
of
Claims
ReportedDirect and
Assumed
1. Prior....... .........XXX........ .........XXX........ .........XXX........ ..................... ............(929) ..................... ..................... ..................... ..................... ..................... .................929 ......XXX.......
2. 2000....... ............47,833 ............26,726 ............21,107 ........15,359 ..........9,423 .............253 .............184 ..........2,648 ..........1,695 .............333 ..............6,958 ..........4,778
3. 2001....... ............56,679 ............54,877 ..............1,802 ........22,675 ........20,565 .............545 .............545 ..........6,271 ..........6,269 .............307 ..............2,112 ..........5,686
4. 2002....... ..........121,727 ..........119,862 ..............1,865 ........48,711 ........44,102 ..........1,604 ..........1,603 ........13,810 ........13,803 ...............30 ..............4,617 ..........6,116
5. 2003....... ............60,187 ............58,735 ..............1,452 ........24,603 ........22,305 .............411 .............406 ..........3,764 ..........3,676 .............119 ..............2,391 ..........5,927
6. 2004....... ............59,977 ............58,786 ..............1,191 ......143,081 ......140,612 ..........3,838 ..........3,779 ........12,588 ........12,370 .............142 ..............2,747 ........22,860
7. 2005....... ............65,768 ............64,338 ..............1,430 ........47,756 ........43,750 ..........3,563 ..........3,350 ..........6,240 ..........4,747 ...............36 ..............5,712 ..........7,072
8. 2006....... ............72,488 ............45,656 ............26,832 ........14,763 ..........4,273 .............806 ...............99 ..........2,932 ...............67 ...............86 ............14,061 ..........3,484
9. 2007....... ............19,169 ............11,410 ..............7,759 ..........3,017 ..................... .............245 ..................... .............300 ..................... ...............11 ..............3,561 .............543
10. 2008....... ...............(258) ........................ ...............(258) ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
11. 2009....... ............(4,674) ........................ ............(4,674) ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
12. Totals..... .........XXX........ .........XXX........ .........XXX........ ......319,965 ......284,101 ........11,265 ..........9,966 ........48,552 ........42,627 ..........1,064 ............43,088 ......XXX.......
Losses Unpaid
Case Basis
13
14
Direct
and
Assumed
Ceded
Bulk + IBNR
15
16
Direct
and
Assumed
Ceded
Defense and Cost Containment Unpaid
Case Basis
Bulk + IBNR
17
18
19
20
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
Adjusting and Other
Unpaid
21
22
Direct
and
Assumed
Ceded
23
Salvage
and
Subrogation
Anticipated
24
Total
Net
Losses
and
Expenses
Unpaid
25
Number of
Claims
OutstandingDirect and
Assumed
1. Prior..... .................3 .................... .................... .................... .................1 .................... .................... .................... .................... .................... .................... .....................4 .................2
2. 2000..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
3. 2001..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
4. 2002..... .................5 .................... ...............(0) .................... .................... .................... ...............(1) .................... .................... .................... .................... .....................4 .................2
5. 2003..... .............100 .................... ...............(1) .................... ...............29 .................... ...............(0) .................... .................4 .................... .................... .................132 .................2
6. 2004..... .............861 .................... ...............46 .................... ...............89 .................... .................4 .................... ...............20 .................... .................... ..............1,020 ...............41
7. 2005..... .............719 .................... .............132 .................... ...............40 .................... ...............18 .................... .............141 .................... .................... ..............1,049 ...............28
8. 2006..... .............577 .................... .............157 .................... ...............20 .................... ...............24 .................... .................7 .................... .................... .................785 ...............20
9. 2007..... .............136 .................... .............110 .................... .................6 .................... ...............14 .................... .................3 .................... .................... .................268 .................6
10. 2008..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
11. 2009..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
12. Totals... ..........2,401 .................0 .............444 .................0 .............185 .................0 ...............59 .................0 .............174 .................0 .................0 ..............3,263 .............101
26
Direct
and
Assumed
Total Losses and
Loss Expenses Incurred
27
28
Ceded
Net
Loss and Loss Expense Percentage
(Incurred/Premiums Earned)
29
30
31
Direct
and
Assumed
Ceded
Net
32
Loss
Nontabular
Discount
34
33
Loss
Expense
InterCompany
Pooling
Participation
Percentage
Net Balance Sheet
Reserves after Discount
35
36
Loss
Losses
Expenses
Unpaid
Unpaid
1. Prior.. ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ......................... ........XXX......... .....................3 .....................1
2. 2000. ............18,260 ............11,302 ..............6,958 ................38.2 ................42.3 ................33.0 ......................... ......................... ........................ .....................0 .....................0
3. 2001. ............29,491 ............27,379 ..............2,112 ................52.0 ................49.9 ..............117.2 ......................... ......................... ........................ .....................0 .....................0
4. 2002. ............64,129 ............59,508 ..............4,621 ................52.7 ................49.6 ..............247.8 ......................... ......................... ........................ .....................5 ....................(1)
5. 2003. ............28,910 ............26,387 ..............2,523 ................48.0 ................44.9 ..............173.7 ......................... ......................... ........................ ...................99 ...................33
6. 2004. ..........160,527 ..........156,761 ..............3,767 ..............267.6 ..............266.7 ..............316.3 ......................... ......................... ........................ .................907 .................112
7. 2005. ............58,608 ............51,847 ..............6,761 ................89.1 ................80.6 ..............472.8 ......................... ......................... ........................ .................850 .................199
8. 2006. ............19,286 ..............4,439 ............14,846 ................26.6 ..................9.7 ................55.3 ......................... ......................... ........................ .................734 ...................51
9. 2007. ..............3,830 .....................0 ..............3,830 ................20.0 ..................0.0 ................49.4 ......................... ......................... ........................ .................246 ...................22
10. 2008. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
11. 2009. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
12. Totals ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................0 .....................0 ........XXX......... ..............2,845 .................418
33
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 1B
NONE
Sch. P-Pt. 1C
NONE
Sch. P-Pt. 1D
NONE
Sch. P-Pt. 1E
NONE
Sch. P-Pt. 1F-Sn. 1
NONE
Sch. P-Pt. 1F-Sn. 2
NONE
Sch. P-Pt. 1G
NONE
34, 35, 36, 37, 38, 39, 40
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Annual Statement for the year 2009 of the
SCHEDULE P - PART 1H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
Years in Which
Premiums
Were
Earned and
Losses Were
Incurred
($000 omitted)
Premiums Earned
2
1
Direct
and
Assumed
3
Net
(Cols. 1 - 2)
Ceded
Loss Payments
4
5
Direct
and
Assumed
Ceded
Loss and Loss Expense Payments
Defense and Cost
Adjusting and Other
Containment Payments
Payments
6
7
8
9
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
10
11
Salvage
and
Subrogation
Received
Total
Net Paid
(Cols. 4 - 5 +
6 - 7 + 8 - 9)
12
Number
of
Claims
ReportedDirect and
Assumed
1. Prior....... .........XXX........ .........XXX........ .........XXX........ ..................... ..............(33) ..................... ..................... ..................... ..................... ..................... ...................33 ......XXX.......
2. 2000....... ..............1,441 .................726 .................715 .............634 .............546 ...............16 ...............15 .............131 .............114 ..................... .................106 .............114
3. 2001....... ..............1,275 ..............1,275 .....................0 .............638 .............589 ...............31 ...............31 .............423 .............423 ..................... ...................49 .............102
4. 2002....... ..............1,153 ..............1,153 .....................0 .............740 .............696 ...............23 ...............22 .............287 .............287 ..................... ...................46 .............118
5. 2003....... ..............1,042 ..............1,042 .....................0 .............524 .............364 ...............34 ...............14 .............119 .............114 .................8 .................185 ...............73
6. 2004....... .................828 .................828 .....................0 .............407 .............375 ...............29 ...............28 ...............53 ...............53 ..................... ...................33 ...............57
7. 2005....... .................861 .................861 .....................0 .............348 .............315 ...............44 ...............43 ...............31 ...............22 ..................... ...................43 ...............32
8. 2006....... .................866 .....................7 .................859 .............213 ...............45 ...............18 .................2 .................8 .................1 ..................... .................191 ...............17
9. 2007....... .................255 .................152 .................103 .................9 ..................... .................3 ..................... ..................... ..................... ..................... ...................11 .................6
10. 2008....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
11. 2009....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
12. Totals..... .........XXX........ .........XXX........ .........XXX........ ..........3,513 ..........2,898 .............199 .............154 ..........1,053 ..........1,014 .................8 .................699 ......XXX.......
Losses Unpaid
Case Basis
13
14
Direct
and
Assumed
Ceded
Bulk + IBNR
15
16
Direct
and
Assumed
Ceded
Defense and Cost Containment Unpaid
Case Basis
Bulk + IBNR
17
18
19
20
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
Adjusting and Other
Unpaid
21
22
Direct
and
Assumed
Ceded
23
Salvage
and
Subrogation
Anticipated
24
Total
Net
Losses
and
Expenses
Unpaid
25
Number of
Claims
OutstandingDirect and
Assumed
1. Prior..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
2. 2000..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
3. 2001..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
4. 2002..... ...............10 .................... ...............(0) .................... ...............12 .................... .................... .................... .................... .................... .................... ...................22 ....................
5. 2003..... .................... .................... ...............(0) .................... .................... .................... .................1 .................... ...............11 .................... .................... ...................12 ....................
6. 2004..... ...............50 .................... .................5 .................... ...............17 .................... .................... .................... .................... .................... .................... ...................72 ....................
7. 2005..... ...............78 .................... ...............14 .................... ...............13 .................... .................1 .................... .................... .................... .................... .................106 ....................
8. 2006..... ...............75 .................... ...............17 .................... ...............19 .................... .................1 .................... .................9 .................... .................... .................121 ....................
9. 2007..... ...............50 .................... ...............12 .................... .................4 .................... .................1 .................... .................... .................... .................... ...................67 ....................
10. 2008..... .................... .................... .................... .................... .................... .................... .................0 .................... .................... .................... .................... .....................0 ....................
11. 2009..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
12. Totals... .............263 .................0 ...............49 .................0 ...............64 .................0 .................4 .................0 ...............20 .................0 .................0 .................399 .................0
26
Direct
and
Assumed
Total Losses and
Loss Expenses Incurred
27
28
Ceded
Net
Loss and Loss Expense Percentage
(Incurred/Premiums Earned)
29
30
31
Direct
and
Assumed
Ceded
Net
32
Loss
Nontabular
Discount
34
33
Loss
Expense
InterCompany
Pooling
Participation
Percentage
Net Balance Sheet
Reserves after Discount
35
36
Loss
Losses
Expenses
Unpaid
Unpaid
1. Prior.. ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ......................... ........XXX......... .....................0 .....................0
2. 2000. .................781 .................675 .................106 ................54.2 ................93.0 ................14.8 ......................... ......................... ........................ .....................0 .....................0
3. 2001. ..............1,092 ..............1,043 ...................49 ................85.6 ................81.8 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
4. 2002. ..............1,072 ..............1,005 ...................67 ................93.0 ................87.1 ..................0.0 ......................... ......................... ........................ ...................10 ...................12
5. 2003. .................689 .................492 .................197 ................66.1 ................47.2 ..................0.0 ......................... ......................... ........................ ....................(0) ...................12
6. 2004. .................561 .................456 .................105 ................67.7 ................55.1 ..................0.0 ......................... ......................... ........................ ...................55 ...................17
7. 2005. .................529 .................380 .................149 ................61.5 ................44.2 ..................0.0 ......................... ......................... ........................ ...................92 ...................14
8. 2006. .................361 ...................48 .................312 ................41.7 ..............692.8 ................36.4 ......................... ......................... ........................ ...................92 ...................29
9. 2007. ...................78 .....................0 ...................78 ................30.7 ..................0.0 ................76.1 ......................... ......................... ........................ ...................62 .....................5
10. 2008. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
11. 2009. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
12. Totals ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................0 .....................0 ........XXX......... .................311 ...................88
41
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Annual Statement for the year 2009 of the
SCHEDULE P - PART 1H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
Years in Which
Premiums
Were
Earned and
Losses Were
Incurred
($000 omitted)
Premiums Earned
2
1
Direct
and
Assumed
3
Net
(Cols. 1 - 2)
Ceded
Loss Payments
4
5
Direct
and
Assumed
Ceded
Loss and Loss Expense Payments
Defense and Cost
Adjusting and Other
Containment Payments
Payments
6
7
8
9
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
10
11
Salvage
and
Subrogation
Received
Total
Net Paid
(Cols. 4 - 5 +
6 - 7 + 8 - 9)
12
Number
of
Claims
ReportedDirect and
Assumed
1. Prior....... .........XXX........ .........XXX........ .........XXX........ ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 ......XXX.......
2. 2000....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
3. 2001....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
4. 2002....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
5. 2003....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
6. 2004....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
7. 2005....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
8. 2006....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
9. 2007....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
10. 2008....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
11. 2009....... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 .....................
12. Totals..... .........XXX........ .........XXX........ .........XXX........ .................0 .................0 .................0 .................0 .................0 .................0 .................0 .....................0 ......XXX.......
Losses Unpaid
Case Basis
13
14
Direct
and
Assumed
Ceded
Bulk + IBNR
15
16
Direct
and
Assumed
Ceded
Defense and Cost Containment Unpaid
Case Basis
Bulk + IBNR
17
18
19
20
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
Adjusting and Other
Unpaid
21
22
Direct
and
Assumed
Ceded
23
Salvage
and
Subrogation
Anticipated
24
Total
Net
Losses
and
Expenses
Unpaid
25
Number of
Claims
OutstandingDirect and
Assumed
1. Prior..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
2. 2000..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
3. 2001..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
4. 2002..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
NONE
5. 2003..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
6. 2004..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
7. 2005..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
8. 2006..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
9. 2007..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
10. 2008..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
11. 2009..... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .................... .....................0 ....................
12. Totals... .................0 .................0 .................0 .................0 .................0 .................0 .................0 .................0 .................0 .................0 .................0 .....................0 .................0
26
Direct
and
Assumed
Total Losses and
Loss Expenses Incurred
27
28
Ceded
Net
Loss and Loss Expense Percentage
(Incurred/Premiums Earned)
29
30
31
Direct
and
Assumed
Ceded
Net
32
Loss
Nontabular
Discount
34
33
Loss
Expense
InterCompany
Pooling
Participation
Percentage
Net Balance Sheet
Reserves after Discount
35
36
Loss
Losses
Expenses
Unpaid
Unpaid
1. Prior.. ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ......................... ........XXX......... .....................0 .....................0
2. 2000. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
3. 2001. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
4. 2002. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
5. 2003. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
6. 2004. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
7. 2005. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
8. 2006. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
9. 2007. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
10. 2008. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
11. 2009. .....................0 .....................0 .....................0 ..................0.0 ..................0.0 ..................0.0 ......................... ......................... ........................ .....................0 .....................0
12. Totals ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................0 .....................0 ........XXX......... .....................0 .....................0
42
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 1I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND MARINE,
EARTHQUAKE, BURGLARY AND THEFT)
($000 omitted)
Years in Which
Premiums
Were
Earned and
Losses Were
Incurred
Premiums Earned
2
1
Direct
and
Assumed
3
Net
(Cols. 1 - 2)
Ceded
Loss Payments
4
5
Direct
and
Assumed
Ceded
Loss and Loss Expense Payments
Defense and Cost
Adjusting and Other
Containment Payments
Payments
6
7
8
9
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
10
11
Salvage
and
Subrogation
Received
Total
Net Paid
(Cols. 4 - 5 +
6 - 7 + 8 - 9)
12
Number
of
Claims
ReportedDirect and
Assumed
1. Prior....... ........XXX......... ........XXX......... ........XXX......... ...............87 ..................... ...............27 ..................... .................3 ..................... ..................... .................117 ......XXX.......
2. 2008...... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 ......XXX.......
3. 2009...... ........................ ........................ .....................0 ..................... ..................... ..................... ..................... ..................... ..................... ..................... .....................0 ......XXX.......
4. Totals..... ........XXX......... ........XXX......... ........XXX......... ...............87 .................0 ...............27 .................0 .................3 .................0 .................0 .................117 ......XXX.......
Losses Unpaid
1.
2.
3.
4.
Prior.....
2008...
2009...
Totals...
Case Basis
13
14
Direct
and
Assumed
Ceded
.............441 ....................
.................... ....................
.................... ....................
.............441 .................0
Bulk + IBNR
15
16
Direct
and
Assumed
Ceded
...............81 ....................
.................... ....................
.................... ....................
...............81 .................0
Defense and Cost Containment Unpaid
Case Basis
Bulk + IBNR
17
18
19
20
Direct
Direct
and
and
Assumed
Ceded
Assumed
Ceded
...............36 .................... .................8 ....................
.................... .................... .................... ....................
.................... .................... .................... ....................
...............36 .................0 .................8 .................0
Adjusting and Other
Unpaid
21
22
Direct
and
Assumed
.................8
....................
....................
.................8
Ceded
....................
....................
....................
.................0
23
Salvage
and
Subrogation
Anticipated
....................
....................
....................
.................0
24
Total
Net
Losses
and
Expenses
Unpaid
.................574
.....................0
.....................0
.................574
25
Number of
Claims
OutstandingDirect and
Assumed
...............20
....................
....................
...............20
34
Total Losses and
Loss Expenses Incurred
27
1.
2.
3.
4.
Prior..
2008
2009
Totals
26
Direct
and
Assumed
........XXX.........
.....................0
.....................0
........XXX.........
Ceded
........XXX.........
.....................0
.....................0
........XXX.........
28
Net
........XXX.........
.....................0
.....................0
........XXX.........
Loss and Loss Expense Percentage
(Incurred/Premiums Earned)
29
30
31
Direct
and
Assumed
Ceded
Net
........XXX......... ........XXX......... ........XXX.........
..................0.0 ..................0.0 ..................0.0
..................0.0 ..................0.0 ..................0.0
........XXX......... ........XXX......... ........XXX.........
43
Nontabular
Discount
32
33
Loss
.........................
.........................
.........................
.....................0
Loss
Expense
.........................
.........................
.........................
.....................0
Inter-Company
Pooling
Participation
Percentage
........XXX.........
........................
........................
........XXX.........
Net Balance Sheet
Reserves after Discount
35
36
Loss
Losses
Expenses
Unpaid
Unpaid
.................522 ...................52
.....................0 .....................0
.....................0 .....................0
.................522 ...................52
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 1J
NONE
Sch. P-Pt. 1K
NONE
Sch. P-Pt. 1L
NONE
Sch. P-Pt. 1M
NONE
Sch. P-Pt. 1N
NONE
Sch. P-Pt. 1O
NONE
Sch. P-Pt. 1P
NONE
Sch. P-Pt. 1R-Sn. 1
NONE
Sch. P-Pt. 1R-Sn. 2
NONE
Sch. P-Pt. 1S
NONE
Sch. P-Pt. 1T
NONE
44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 2A - HOMEOWNERS/FARMOWNERS
Years in
Which
Losses Were
Incurred
Incurred Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
3
4
5
6
7
8
9
1
2
2000
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
Development
11
12
One
Year
Two
Year
1. Prior..... ............1,977 ...................... ...................... ...................... ...................... ...................... ...................3 ...................3 ...................3 ...............936 ...............933 ...............933
2. 2000.... ..........10,007 ............4,977 ............4,977 ............4,977 ............4,977 ............4,977 ............4,977 ............4,977 ............4,977 ............6,005 ............1,028 ............1,028
3. 2001.... .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ............2,110 ............2,110 ............2,110
4. 2002.... .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................2 ...................1 ...................1 ............4,614 ............4,613 ............4,613
5. 2003.... .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................6 ...................4 ...................4 ............2,431 ............2,427 ............2,427
6. 2004.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... .................25 .................22 .................21 ............3,528 ............3,507 ............3,506
7. 2005.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .................77 .................79 .................97 ............5,128 ............5,031 ............5,049
8. 2006.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ..........10,326 ..........11,010 ..........10,187 ..........11,975 ............1,788 ...............965
9. 2007.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ............3,765 ............3,558 ............3,527 ...............(31) .............(238)
10. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................0 .......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
..........21,407 ..........20,394
SCHEDULE P - PART 2B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
1. Prior..... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
2. 2000.... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
3. 2001.... .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
4. 2002.... .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
NONE
5. 2003.... .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
6. 2004.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
7. 2005.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
8. 2006.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................0 ...................0
9. 2007.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................0 ...................0
10. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................0 .......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
.......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2D - WORKERS' COMPENSATION
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2E - COMMERCIAL MULTIPLE PERIL
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
55
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
.......XXX........
12. Totals
...................0 ...................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 2F - SECTION 1 - MEDICAL PROFESSIONAL LIABILITY - OCCURRENCE
Years in
Which
Losses Were
Incurred
Incurred Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
3
4
5
6
7
8
9
1
2
2000
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
Development
11
12
One
Year
Two
Year
1. Prior..... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
2. 2000.... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
NONE
3. 2001.... .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
4. 2002.... .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
5. 2003.... .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
6. 2004.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
7. 2005.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
8. 2006.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................0 ...................0
9. 2007.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................0 ...................0
10. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................0 .......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2F - SECTION 2 - MEDICAL PROFESSIONAL LIABILITY - CLAIMS-MADE
1. Prior..... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
2. 2000.... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
3. 2001.... .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
4. 2002.... .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
NONE
5. 2003.... .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
6. 2004.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
7. 2005.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................0 ...................0
8. 2006.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................0 ...................0
9. 2007.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................0 ...................0
10. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................0 .......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2G - SPECIAL LIABILITY (OCEAN MARINE,
AIRCRAFT (ALL PERILS), BOILER & MACHINERY)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
.......XXX........
12. Totals
...................0 ...................0
SCHEDULE P - PART 2H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
............1,635
...............510
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
...............823
.................61
......................
......................
......................
...................1
...................2
.................17
.......XXX........
.......XXX........
...............823
.................61
......................
......................
......................
......................
.................11
.................27
.................83
.......XXX........
...............823
.................61
......................
......................
......................
......................
...................0
...............171
.................96
......................
...............856
.................89
.................49
.................67
...............181
...............105
...............140
...............296
.................78
...................0
.................33
.................28
.................49
.................67
...............181
...............105
...............140
...............125
...............(18)
...................0
.................34
.................29
.................49
.................67
...............181
...............105
...............129
...............269
.................(5)
.......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
12. Totals
...............711 ...............857
SCHEDULE P - PART 2H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
56
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
.......XXX........
.......XXX........
12. Totals
...................0 ...................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 2I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND MARINE,
EARTHQUAKE, BURGLARY AND THEFT)
Years in
Which
Losses Were
Incurred
Incurred Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
3
4
5
6
7
8
9
1
2
2000
2001
2002
2003
2004
2005
2006
2007
10
2008
2009
Development
11
12
One
Year
Two
Year
1. Prior..... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............532 ...............265 ...............709 ...............444 ...............177
2. 2008.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......XXX.........
3. 2009.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ......XXX......... ......XXX.........
4. Totals
...............444 ...............177
SCHEDULE P - PART 2J - AUTO PHYSICAL DAMAGE
NONE
1. Prior..... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ...................0
2. 2008.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......XXX.........
3. 2009.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ......XXX......... ......XXX.........
4. Totals
...................0 ...................0
SCHEDULE P - PART 2K - FIDELITY/SURETY
NONE
1. Prior..... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ...................0
2. 2008.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......XXX.........
3. 2009.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ......XXX......... ......XXX.........
4. Totals
...................0 ...................0
SCHEDULE P - PART 2L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
NONE
1. Prior..... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ...................0
2. 2008.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......XXX.........
3. 2009.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ......XXX......... ......XXX.........
4. Totals
...................0 ...................0
......................
......................
......................
......................
......................
......................
......................
......................
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
...................0
9. 2007.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0
10. 2008.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0
11. 2009.... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ......XXX.........
12. Totals
...................0
...................0
......XXX.........
......XXX.........
...................0
SCHEDULE P - PART 2M - INTERNATIONAL
1.
2.
3.
4.
5.
6.
7.
8.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
......................
......................
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......................
......................
......................
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......................
......................
......................
......................
......XXX.........
......XXX.........
......XXX.........
......XXX.........
......................
......................
......................
......................
......................
......XXX.........
......XXX.........
......XXX.........
......................
......................
......................
......................
......................
......................
......XXX.........
......XXX.........
......................
......................
......................
......................
......................
......................
......................
......XXX.........
......................
......................
......................
......................
......................
......................
......................
......................
NONE
57
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 2N
NONE
Sch. P-Pt. 2O
NONE
Sch. P-Pt. 2P
NONE
Sch. P-Pt. 2R-Sn. 1
NONE
Sch. P-Pt. 2R-Sn. 2
NONE
Sch. P-Pt. 2S
NONE
Sch. P-Pt. 2T
NONE
58, 59
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 3A - HOMEOWNERS/FARMOWNERS
Years in
Which
Losses Were
Incurred
1. Prior.....
2. 2000....
3. 2001....
4. 2002....
5. 2003....
6. 2004....
7. 2005....
8. 2006....
9. 2007....
10. 2008....
11. 2009....
1
2000
........000........
............4,977
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
Cumulative Paid Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
......................
............4,977
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2002
......................
............4,977
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2003
......................
............4,977
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2004
......................
............4,977
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2005
......................
............4,977
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2006
...................3
............4,977
......................
...................1
...................4
.................22
.................79
............5,721
.......XXX........
.......XXX........
.......XXX........
2007
...................3
............4,977
......................
...................1
...................4
.................22
.................79
............8,972
............2,862
.......XXX........
.......XXX........
2008
...................3
............4,977
......................
...................1
...................4
.................21
.................79
............9,342
............3,232
......................
.......XXX........
10
2009
...............932
............6,005
............2,110
............4,610
............2,303
............2,528
............4,219
..........11,196
............3,262
......................
......................
11
Number of
Claims
Closed
With Loss
Payment
..........16,952
............4,778
............5,685
............6,112
............5,924
..........22,790
............6,957
............3,200
...............325
......................
......................
12
Number of
Claims
Closed
Without Loss
Payment
...................1
......................
...................1
...................2
...................1
.................29
.................87
...............264
...............212
......................
......................
SCHEDULE P - PART 3B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
SCHEDULE P - PART 3C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
SCHEDULE P - PART 3D - WORKERS' COMPENSATION
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
SCHEDULE P - PART 3E - COMMERCIAL MULTIPLE PERIL
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
60
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 3F - SECTION 1 - MEDICAL PROFESSIONAL LIABILITY - OCCURRENCE
Cumulative Paid Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
1
2
3
4
5
6
7
8
9
10
11
12
Number of
Number of
Years in
Claims
Claims
Which
Closed
Closed
With Loss
Without Loss
Payment
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
Payment
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
Losses Were
Incurred
1. Prior.....
2. 2000....
3. 2001....
4. 2002....
5. 2003....
6. 2004....
7. 2005....
8. 2006....
9. 2007....
10. 2008....
11. 2009....
2000
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2001
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2002
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2003
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2004
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2005
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
2006
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
2007
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
2008
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
2009
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
SCHEDULE P - PART 3F - SECTION 2 - MEDICAL PROFESSIONAL LIABILITY - CLAIMS-MADE
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
SCHEDULE P - PART 3G - SPECIAL LIABILITY (OCEAN MARINE,
AIRCRAFT (ALL PERILS), BOILER AND MACHINERY)
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
Prior.....
2000....
2001....
2002....
2003....
2004....
2005....
2006....
2007....
2008....
2009....
........000........
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
SCHEDULE P - PART 3H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................62
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
...............823
.................61
......................
......................
......................
......................
......................
...................8
.......XXX........
.......XXX........
.......XXX........
...............823
.................61
......................
......................
......................
......................
......................
.................22
...................4
.......XXX........
.......XXX........
...............823
.................61
......................
......................
......................
......................
......................
.................78
.................11
......................
.......XXX........
...............856
.................89
.................49
.................46
...............181
.................33
.................34
...............184
.................11
......................
......................
...............474
...............114
...............102
...............118
.................73
.................57
.................31
.................14
...................5
......................
......................
......................
......................
......................
......................
......................
......................
...................1
...................3
...................1
......................
......................
SCHEDULE P - PART 3H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
.......XXX........
NONE
61
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
.......XXX........
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
......................
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Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 3I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND MARINE,
EARTHQUAKE, BURGLARY AND THEFT)
Years in
Which
Losses Were
Incurred
1
2000
Cumulative Paid Net Losses and Defense and Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
11
Number of
Claims
Closed
With Loss
Payment
12
Number of
Claims
Closed
Without Loss
Payment
1. Prior..... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ........000........ .................29 ...............143 .......XXX........ .......XXX........
2. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... .......XXX........ .......XXX........
3. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
SCHEDULE P - PART 3J - AUTO PHYSICAL DAMAGE
NONE
1. Prior..... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ........000........ ...................... ...................... ...................... ......................
2. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ......................
3. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ......................
SCHEDULE P - PART 3K - FIDELITY/SURETY
NONE
1. Prior..... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ........000........ ...................... ...................... .......XXX........ .......XXX........
2. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... .......XXX........ .......XXX........
3. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
SCHEDULE P - PART 3L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
NONE
1. Prior..... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ........000........ ...................... ...................... .......XXX........ .......XXX........
2. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... .......XXX........ .......XXX........
3. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
SCHEDULE P - PART 3M - INTERNATIONAL
1. Prior..... ........000........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
2. 2000.... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
3. 2001.... .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
4. 2002.... .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
5. 2003.... .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
6. 2004.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
NONE
7. 2005.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
8. 2006.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... ...................... .......XXX........ .......XXX........
9. 2007.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... ...................... .......XXX........ .......XXX........
10. 2008.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... ...................... .......XXX........ .......XXX........
11. 2009.... .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ .......XXX........ ...................... .......XXX........ .......XXX........
62
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 3N
NONE
Sch. P-Pt. 3O
NONE
Sch. P-Pt. 3P
NONE
Sch. P-Pt. 3R-Sn. 1
NONE
Sch. P-Pt. 3R-Sn. 2
NONE
Sch. P-Pt. 3S
NONE
Sch. P-Pt. 3T
NONE
63, 64
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 4A - HOMEOWNERS/FARMOWNERS
Years in Which
Losses Were
Incurred
1
2000
Bulk and IBNR Reserves on Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
1. Prior............... ................1,201 .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. ................3,052 .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .....................(1)
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .....................(1)
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .....................50
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ...................150
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ................2,308 ................1,554 ...................445 ...................181
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ...................585 ...................233 ...................124
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4B - PRIVATE PASSENGER AUTO LIABILITY/MEDICAL
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4D - WORKERS' COMPENSATION
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4E - COMMERCIAL MULTIPLE PERIL
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
65
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 4F - SECTION 1 - MEDICAL PROFESSIONAL LIABILITY - OCCURRENCE
Years in Which
Losses Were
Incurred
1
2000
Bulk and IBNR Reserves on Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4F - SECTION 2 - MEDICAL PROFESSIONAL LIABILITY - CLAIMS-MADE
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4G - SPECIAL LIABILITY (OCEAN MARINE,
AIRCRAFT (ALL PERILS), BOILER AND MACHINERY)
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4H - SECTION 1 - OTHER LIABILITY - OCCURRENCE
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .....................(0)
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................1
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................5
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .....................11 .......................0 .....................15
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................3 .....................49 .....................18
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .....................25 .....................28 .....................13
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................0
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4H - SECTION 2 - OTHER LIABILITY - CLAIMS-MADE
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
66
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 4I - SPECIAL PROPERTY (FIRE, ALLIED LINES, INLAND MARINE,
EARTHQUAKE, BURGLARY AND THEFT)
Years in Which
Losses Were
Incurred
1
2000
Bulk and IBNR Reserves on Net Losses and Defense and Cost Containment Expenses Reported at Year End ($000 omitted)
2
3
4
5
6
7
8
9
2001
2002
2003
2004
2005
2006
2007
2008
10
2009
1. Prior............... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ...................390 .....................72 .....................89
2. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
3. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4J - AUTO PHYSICAL DAMAGE
NONE
1. Prior............... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
2. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
3. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4K - FIDELITY/SURETY
NONE
1. Prior............... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
2. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
3. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4L - OTHER (INCLUDING CREDIT, ACCIDENT AND HEALTH)
NONE
1. Prior............... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
2. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
3. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
SCHEDULE P - PART 4M - INTERNATIONAL
1. Prior............... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
2. 2000............. .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
3. 2001............. ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
4. 2002............. ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
5. 2003............. ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... .......................... ..........................
6. 2004............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... .......................... ..........................
NONE
7. 2005............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... .......................... ..........................
8. 2006............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... .......................... ..........................
9. 2007............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... .......................... ..........................
10. 2008............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... .......................... ..........................
11. 2009............. ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ........XXX........... ..........................
67
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 4N
NONE
Sch. P-Pt. 4O
NONE
Sch. P-Pt. 4P
NONE
Sch. P-Pt. 4R-Sn. 1
NONE
Sch. P-Pt. 4R-Sn. 2
NONE
Sch. P-Pt. 4S
NONE
Sch. P-Pt. 4T
NONE
68, 69
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 5A - HOMEOWNERS/FARMOWNERS
SECTION 1
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
2000
2001
Cumulative Number of Claims Closed with Loss Payment Direct and Assumed at Year End
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
1.
Prior..................... .................573 ...................53 ...................25 ...................11 ...................10 ...................15 ..............7,125 .....................1 ....................(1) .........................
2.
2000................... ..............2,458 ..............3,049 ..............3,081 ..............3,100 ..............3,112 ..............3,119 ..............4,777 ..............4,778 ..............4,778 ..............4,778
3.
2001................... ........XXX......... ..............2,973 ..............3,693 ..............3,745 ..............3,761 ..............3,770 ..............5,685 ..............5,685 ..............5,685 ..............5,685
4.
2002................... ........XXX......... ........XXX......... ..............3,125 ..............3,867 ..............3,925 ..............3,955 ..............6,106 ..............6,111 ..............6,112 ..............6,112
5.
2003................... ........XXX......... ........XXX......... ........XXX......... ..............3,032 ..............3,741 ..............3,829 ..............5,905 ..............5,916 ..............5,923 ..............5,924
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ............13,923 ............18,037 ............22,611 ............22,721 ............22,763 ............22,790
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............3,804 ..............6,621 ..............6,810 ..............6,874 ..............6,957
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............2,807 ..............3,157 ..............3,195 ..............3,200
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .................308 .................321 .................325
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SECTION 2
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
3
2000
2001
2002
Number of Claims Outstanding Direct and Assumed at Year End
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1.
Prior..................... ...................59 ...................26 ...................12 .....................7 .....................6 .....................4 .....................2 .....................1 ......................... .....................2
2.
2000................... .................523 ...................46 ...................27 ...................12 .....................2 .....................4 .....................1 .....................1 ......................... .........................
3.
2001................... ........XXX......... .................644 ...................37 ...................21 .....................8 .....................2 .....................1 ......................... ......................... .........................
4.
2002................... ........XXX......... ........XXX......... .................664 ...................75 ...................30 ...................13 .....................6 .....................2 ......................... .....................2
5.
2003................... ........XXX......... ........XXX......... ........XXX......... .................574 ...................67 ...................14 ...................11 .....................6 ......................... .....................2
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............2,389 .................155 ...................58 ...................32 ......................... ...................41
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............2,103 ...................71 ...................28 ......................... ...................28
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .................304 ...................34 ......................... ...................20
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................13 ......................... .....................6
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SECTION 3
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
3
2000
2001
2002
Cumulative Number of Claims Reported Direct and Assumed at Year End
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1.
Prior..................... .................389 ...................63 ...................35 ...................22 ...................26 ...................26 .....................1 ......................... ....................(1) .........................
2.
2000................... ..............4,354 ..............4,719 ..............4,749 ..............4,762 ..............4,769 ..............4,778 ..............4,778 ..............4,779 ..............4,778 ..............4,778
3.
2001................... ........XXX......... ..............5,172 ..............5,621 ..............5,670 ..............5,680 ..............5,683 ..............5,686 ..............5,686 ..............5,686 ..............5,686
4.
2002................... ........XXX......... ........XXX......... ..............5,496 ..............6,055 ..............6,098 ..............6,111 ..............6,112 ..............6,115 ..............6,114 ..............6,116
5.
2003................... ........XXX......... ........XXX......... ........XXX......... ..............5,386 ..............5,880 ..............5,915 ..............5,916 ..............5,923 ..............5,924 ..............5,927
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ............20,713 ............22,593 ............22,669 ............22,766 ............22,783 ............22,860
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............5,907 ..............6,692 ..............6,884 ..............6,940 ..............7,072
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............3,111 ..............3,438 ..............3,450 ..............3,484
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .................529 .................533 .................543
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
70
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 5B-Sn. 1
NONE
Sch. P-Pt. 5B-Sn. 2
NONE
Sch. P-Pt. 5B-Sn. 3
NONE
Sch. P-Pt. 5C-Sn. 1
NONE
Sch. P-Pt. 5C-Sn. 2
NONE
Sch. P-Pt. 5C-Sn. 3
NONE
Sch. P-Pt. 5D-Sn. 1
NONE
Sch. P-Pt. 5D-Sn. 2
NONE
Sch. P-Pt. 5D-Sn. 3
NONE
Sch. P-Pt. 5E-Sn. 1
NONE
Sch. P-Pt. 5E-Sn. 2
NONE
Sch. P-Pt. 5E-Sn. 3
NONE
Sch. P-Pt. 5F-Sn. 1A
NONE
Sch. P-Pt. 5F-Sn. 2A
NONE
Sch. P-Pt. 5F-Sn. 3A
NONE
Sch. P-Pt. 5F-Sn. 1B
NONE
Sch. P-Pt. 5F-Sn. 2B
NONE
Sch. P-Pt. 5F-Sn. 3B
NONE
71, 72, 73, 74, 75, 76
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 5H - OTHER LIABILITY - OCCURRENCE
SECTION 1A
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
2000
2001
Cumulative Number of Claims Closed with Loss Payment Direct and Assumed at Year End
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
1.
Prior..................... ...................33 ...................10 .....................8 ................(205) .................208 .....................2 .................264 ......................... ......................... .........................
2.
2000................... ...................30 ...................43 ...................47 ......................... ...................49 ...................51 .................114 .................114 .................114 .................114
3.
2001................... ........XXX......... ...................21 ...................38 ......................... ...................44 ...................47 .................101 .................101 .................102 .................102
4.
2002................... ........XXX......... ........XXX......... ...................34 ......................... ...................57 ...................64 .................118 .................118 .................118 .................118
5.
2003................... ........XXX......... ........XXX......... ........XXX......... ......................... ...................14 ...................32 ...................71 ...................71 ...................71 ...................73
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ...................24 ...................54 ...................54 ...................57 ...................57
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................8 ...................27 ...................30 ...................31 ...................31
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................9 ...................12 ...................14 ...................14
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................4 .....................5 .....................5
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SECTION 2A
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
3
2000
2001
2002
Number of Claims Outstanding Direct and Assumed at Year End
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1.
Prior..................... ...................23 ...................14 .....................5 .....................5 .....................2 ......................... ......................... ......................... ......................... .........................
2.
2000................... ...................31 ...................14 .....................5 .....................4 ......................... .....................1 ......................... ......................... ......................... .........................
3.
2001................... ........XXX......... ...................30 ...................14 .....................5 .....................1 ......................... .....................1 ......................... ......................... .........................
4.
2002................... ........XXX......... ........XXX......... ...................26 ...................10 .....................6 .....................1 ......................... .....................1 .....................1 .........................
5.
2003................... ........XXX......... ........XXX......... ........XXX......... ...................22 .....................7 .....................2 ......................... .....................2 .....................2 .........................
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................22 ...................12 .....................2 .....................1 .....................4 .........................
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................15 .....................3 .....................5 .....................4 .........................
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................4 .....................1 .....................3 .........................
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................2 .....................1 .........................
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SECTION 3A
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
3
2000
2001
2002
Cumulative Number of Claims Reported Direct and Assumed at Year End
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1.
Prior..................... ...................33 .....................4 .....................1 .....................5 ......................... ....................(2) ......................... ......................... ......................... .........................
2.
2000................... ...................93 .................104 .................107 .................110 .................113 .................114 .................114 .................114 .................114 .................114
3.
2001................... ........XXX......... ...................78 ...................98 .................101 .................103 .................102 .................102 .................102 .................102 .................102
4.
2002................... ........XXX......... ........XXX......... ...................94 .................116 .................120 .................118 .................118 .................119 .................119 .................118
5.
2003................... ........XXX......... ........XXX......... ........XXX......... ...................57 ...................73 ...................71 ...................71 ...................73 ...................73 ...................73
6.
2004................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................53 ...................56 ...................56 ...................57 ...................61 ...................57
7.
2005................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................23 ...................30 ...................36 ...................36 ...................32
8.
2006................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ...................13 ...................15 ...................20 ...................17
9.
2007................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .....................7 .....................7 .....................6
10.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
11.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
77
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 5H-Sn. 1B
NONE
Sch. P-Pt. 5H-Sn. 2B
NONE
Sch. P-Pt. 5H-Sn. 3B
NONE
Sch. P-Pt. 5R-Sn. 1A
NONE
Sch. P-Pt. 5R-Sn. 2A
NONE
Sch. P-Pt. 5R-Sn. 3A
NONE
Sch. P-Pt. 5R-Sn. 1B
NONE
Sch. P-Pt. 5R-Sn. 2B
NONE
Sch. P-Pt. 5R-Sn. 3B
NONE
78, 79, 80
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 5T - WARRANTY
SECTION 1
Cumulative Number of Claims Closed with Loss Payment Direct and Assumed at Year End
Years in Which
1
2
3
4
5
6
7
8
9
10
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
Premiums Were Earned
and Losses Were Incurred
1.
Prior..................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ..............2,007 ..............2,008 ..............2,009
2.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
3.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SCHEDULE P - PART 5T - WARRANTY
SECTION 2
Number of Claims Outstanding Direct and Assumed at Year End
Years in Which
1
2
3
2000
2001
2002
Premiums Were Earned
and Losses Were Incurred
NONE
4
5
6
7
8
9
10
2003
2004
2005
2006
2007
2008
2009
1.
Prior..................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ......................... .........................
2.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
3.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
SCHEDULE P - PART 5T - WARRANTY
SECTION 3
Years in Which
Premiums Were Earned
and Losses Were Incurred
1
2
3
2000
2001
2002
Cumulative Number of Claims Reported Direct and Assumed at Year End
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1.
Prior..................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... ......................... .........................
2.
2008................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ......................... .........................
3.
2009................... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... ........XXX......... .........................
NONE
81
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 6C - COMMERCIAL AUTO/TRUCK LIABILITY/MEDICAL
SECTION 1
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
2000
2001
Cumulative Premiums Earned Direct and Assumed at Year End ($000 omitted)
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
SECTION 2
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
3
2000
2001
2002
Cumulative Premiums Earned Ceded at Year End ($000 omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
SCHEDULE P - PART 6D - WORKERS' COMPENSATION
SECTION 1
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
2000
2001
Cumulative Premiums Earned Direct and Assumed at Year End ($000 omitted)
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
SECTION 2
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
3
2000
2001
2002
Cumulative Premiums Earned Ceded at Year End ($000 omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
82
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 6E - COMMERCIAL MULTIPLE PERIL
SECTION 1
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
2000
2001
Cumulative Premiums Earned Direct and Assumed at Year End ($000 omitted)
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
SECTION 2
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
3
2000
2001
2002
Cumulative Premiums Earned Ceded at Year End ($000 omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
3. 2001............................ ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
NONE
4. 2002............................ ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................... ...................0 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................... ...................0 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................0 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... ...................... .......XXX........
SCHEDULE P - PART 6H - OTHER LIABILITY - OCCURRENCE
SECTION 1A
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
2000
2001
Cumulative Premiums Earned Direct and Assumed at Year End ($000 omitted)
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ............4,096 ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ............1,441 ............1,441 ............1,441 ............1,441 ............2,881 ............2,881 ............2,881 ............2,881 ............2,881 ............2,881 ......................
3. 2001............................ ......XXX......... ............1,276 ............1,276 ............1,276 ............2,551 ............2,551 ............2,551 ............2,551 ............2,551 ............2,551 ......................
4. 2002............................ ......XXX......... ......XXX......... ............1,195 ............1,195 ............2,390 ............2,390 ............2,390 ............2,390 ............2,390 ............2,390 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ............1,041 ............1,041 ............1,041 ............1,041 ............1,041 ............1,041 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............647 ...............647 ...............647 ...............647 ...............647 ...............647 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............861 ...............861 ...............861 ...............861 ...............861 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............255 ...............255 ...............255 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ............1,441 ............1,275 ............1,153 ............1,042 ...............828 ...............861 ...............866 ...............255 ...................... ...................... .......XXX........
SECTION 2A
Years in Which Premiums
Were Earned and Losses
Were Incurred
1
2
3
2000
2001
2002
Cumulative Premiums Earned Ceded at Year End ($000 omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
11
Current Year
Premiums
Earned
1. Prior.............................. ...................... ...................... ...................... ...................... ............4,098 ...................... ...................... ...................... ...................... ...................0 ......................
2. 2000............................ ...............726 ...............726 ...............726 ...............726 ............2,167 ............2,167 ............2,167 ............2,167 ............2,167 ............2,167 ......................
3. 2001............................ ......XXX......... ............1,276 ............1,276 ............1,276 ............2,552 ............2,552 ............2,552 ............2,552 ............2,552 ............2,552 ......................
4. 2002............................ ......XXX......... ......XXX......... ............1,195 ............1,195 ............2,390 ............2,390 ............2,390 ............2,390 ............2,390 ............2,390 ......................
5. 2003............................ ......XXX......... ......XXX......... ......XXX......... ...................... ............1,041 ............1,041 ............1,041 ............1,041 ............1,041 ............1,041 ......................
6. 2004............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............647 ...............647 ...............647 ...............647 ...............647 ...............647 ......................
7. 2005............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............861 ...............861 ...............861 ...............861 ...............861 ......................
8. 2006............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................... ...................... ...................0 ......................
9. 2007............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...............152 ...............152 ...............152 ......................
10. 2008............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................... ...................0 ......................
11. 2009............................ ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0 ......................
12. Total............................. ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ......XXX......... ...................0
13. Earned Prems.(P-Pt 1). ...............726 ............1,275 ............1,153 ............1,042 ...............828 ...............861 ...................7 ...............152 ...................... ...................... .......XXX........
83
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. P-Pt. 6H-Sn. 1B
NONE
Sch. P-Pt. 6H-Sn. 2B
NONE
Sch. P-Pt. 6M-Sn. 1
NONE
Sch. P-Pt. 6M-Sn. 2
NONE
Sch. P-Pt. 6N-Sn. 1
NONE
Sch. P-Pt. 6N-Sn. 2
NONE
Sch. P-Pt. 6O-Sn. 1
NONE
Sch. P-Pt. 6O-Sn. 2
NONE
Sch. P-Pt. 6R-Sn. 1A
NONE
Sch. P-Pt. 6R-Sn. 2A
NONE
Sch. P-Pt. 6R-Sn. 1B
NONE
Sch. P-Pt. 6R-Sn. 2B
NONE
Sch. P-Pt. 7A-Sn. 1
NONE
Sch. P-Pt. 7A-Sn. 2
NONE
Sch. P-Pt. 7A-Sn. 3
NONE
Sch. P-Pt. 7A-Sn. 4
NONE
Sch. P-Pt. 7A-Sn. 5
NONE
Sch. P-Pt. 7B-Sn. 1
NONE
Sch. P-Pt. 7B-Sn. 2
NONE
Sch. P-Pt. 7B-Sn. 3
NONE
84, 85, 86, 87, 88, 89
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P - PART 7B - REINSURANCE LOSS SENSITIVE CONTRACTS (continued)
SECTION 4
Years in Which
Policies Were
Issued
1
2
3
2000
2001
2002
Net Earned Premiums Reported At Year End ($000 Omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1. Prior........................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
2. 2000.......................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
NONE
3. 2001.......................... .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
4. 2002.......................... .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
5. 2003.......................... .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................
6. 2004.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................
7. 2005.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................
8. 2006.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................
9. 2007.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................
10. 2008.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................
11. 2009.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................
SECTION 5
Years in Which
Policies Were
Issued
1
2
2000
2001
Net Reserve For Premium Adjustments And Accrued Retrospective Premiums At Year End ($000 Omitted)
3
4
5
6
7
8
2002
2003
2004
2005
2006
2007
9
10
2008
2009
1. Prior........................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
2. 2000.......................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
3. 2001.......................... .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
NONE
4. 2002.......................... .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
5. 2003.......................... .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................
6. 2004.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................
7. 2005.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................
8. 2006.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................
9. 2007.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................
10. 2008.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................
11. 2009.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................
SECTION 6
Years in Which
Policies Were
Issued
1
2
3
2000
2001
2002
Incurred Adjustable Commissions Reported At Year End ($000 Omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1. Prior........................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
2. 2000.......................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
3. 2001.......................... .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
NONE
4. 2002.......................... .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
5. 2003.......................... .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................
6. 2004.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................
7. 2005.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................
8. 2006.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................
9. 2007.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................
10. 2008.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................
11. 2009.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................
SECTION 7
Years in Which
Policies Were
Issued
1
2
3
2000
2001
2002
Reserves For Commission Adjustments At Year End ($000 Omitted)
4
5
6
7
2003
2004
2005
2006
8
9
10
2007
2008
2009
1. Prior........................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
2. 2000.......................... ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
3. 2001.......................... .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
4. 2002.......................... .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................ ........................
NONE
5. 2003.......................... .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................ ........................
6. 2004.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................ ........................
7. 2005.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................ ........................
8. 2006.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................ ........................
9. 2007.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................ ........................
10. 2008.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................ ........................
11. 2009.......................... .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ .........XXX........ ........................
90
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE P INTERROGATORIES
1.
1.1
1.2
1.3
1.4
1.5
1.6
2.
3.
4.
The following questions relate to yet-to-be-issued Extended Reporting Endorsements (EREs) arising from Death, Disability, or Retirement (DDR)
provisions in Medical Professional Liability Claims-Made insurance policies. EREs provided for reasons other than DDR are not be included.
Does the company issue Medical Professional Liability Claims-Made insurance policies that provide tail (also known as an extended reporting endorsement,
or "ERE") benefits in the event of Death, Disability, or Retirement (DDR) at a reduced charge or at no additional cost?
Yes [ ]
No [ X ]
If the answer to question 1.1 is "no", leave the following questions blank. If the answer to question 1.1 is "yes", please answer the following questions.
What is the total amount of the reserve for that provision (DDR reserve) as reported, explicitly or not, elsewhere in this statement (in dollars)?
......................................
Does the company report any DDR reserve as Unearned Premium Reserve per SSAP #65?
Yes [ ]
No [ X ]
Does the company report any DDR reserve as loss or loss adjustment expense reserve?
Yes [ ]
No [ X ]
If the company reports DDR reserve as Unearned Premium Reserve, does that amount match the figure on the Underwriting and Investment
Exhibit, Part 1A - Recapitulation of all Premiums (Page 7) Column 2, Lines 11.1 plus 11.2?
Yes [ ]
No [ ]
N/A[ X ]
If the company reports DDR reserve as loss or loss adjustment expense reserve, please complete the following table corresponding to where
these reserves are reported in Schedule P:
Years in Which
DDR Reserve Included in Schedule P, Part 1F, Medical Professional
Premiums Were
Liability Column 24: Total Net Losses and Expenses Unpaid
Earned and Losses
1
2
Were Incurred
Section 1: Occurrence
Section 2: Claims-Made
1.601 Prior.................... .......................................................... ..........................................................
1.602 2000.................... .......................................................... ..........................................................
1.603 2001.................... .......................................................... ..........................................................
1.603 2002.................... .......................................................... ..........................................................
1.605 2003.................... .......................................................... ..........................................................
1.606 2004.................... .......................................................... ..........................................................
1.607 2005.................... .......................................................... ..........................................................
1.608 2006.................... .......................................................... ..........................................................
1.609 2007.................... .......................................................... ..........................................................
1.610 2008.................... .......................................................... ..........................................................
1.611 2009.................... .......................................................... ..........................................................
1.612 Totals.................. .......................................................0 .......................................................0
The definition of allocated loss adjustment expenses (ALAE) and, therefore, unallocated loss adjustment expenses (ULAE) was changed effective
January 1, 1998. This change in definition applies to both paid and unpaid expenses. Are these expenses (now reported as "Defense and Cost
Containment" and "Adjusting and Other") reported in compliance with these definitions in this statement?
Yes [ X ]
No [ ]
The Adjusting and Other expense payments and reserves should be allocated to the years in which the losses were incurred based on the number of
claims reported, closed and outstanding in those years. When allocating Adjusting and Other expense between companies in a group or a pool, the
Adjusting and Other expense should be allocated in the same percentage used for the loss amounts and the claim counts. For reinsurers, Adjusting
and Other expense assumed should be reported according to the reinsurance contract. For Adjusting and Other expense incurred by reinsurers, or in
those situations where suitable claim count information is not available, Adjusting and Other expense should be allocated by a reasonable method
determined by the company and described in Interrogatory 7, below. Are they so reported in this statement?
Yes [ X ]
No [ ]
Do any lines in Schedule P include reserves that are reported gross of any discount to present value of future payments, and that are reported net
of such discounts on Page 10?
Yes [ ]
No [ X ]
If yes, proper disclosure must be made in the Notes to Financial Statements, as specified in the Instructions. Also, the discounts must be reported in
Schedule P - Part 1, Columns 32 and 33.
Schedule P must be completed gross of non-tabular discounting. Work papers relating to discount calculations must be available for examination upon request.
Discounting is allowed only if expressly permitted by the state insurance department to which this Annual Statement is being filed.
5.
What were the net premiums in force at the end of the year for:
5.1 Fidelity
5.2 Surety
(in thousands of dollars)
......................................
......................................
6.
Claim count information is reported per claim or per claimant. (Indicate which).
If not the same in all years, explain in Interrogatory 7.
7.1
The information provided in Schedule P will be used by many persons to estimate the adequacy of the current loss and expense reserves, among
other things. Are there any especially significant events, coverage, retention or accounting changes that have occurred that must be considered
when making such analyses?
An extended statement may be attached.
7.2
91
Yes [ ]
No [ X ]
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE T - EXHIBIT OF PREMIUMS WRITTEN
Allocated by States and Territories
1
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
5801.
5802.
5803.
5898.
States, Etc.
Alabama..............................AL
Alaska.................................AK
Arizona................................AZ
Arkansas.............................AR
California.............................CA
Colorado.............................CO
Connecticut.........................CT
Delaware.............................DE
District of Columbia.............DC
Florida..................................FL
Georgia...............................GA
Hawaii...................................HI
Idaho....................................ID
Illinois....................................IL
Indiana..................................IN
Iowa......................................IA
Kansas................................KS
Kentucky.............................KY
Louisiana.............................LA
Maine..................................ME
Maryland.............................MD
Massachusetts....................MA
Michigan...............................MI
Minnesota...........................MN
Mississippi..........................MS
Missouri..............................MO
Montana..............................MT
Nebraska.............................NE
Nevada................................NV
New Hampshire..................NH
New Jersey..........................NJ
New Mexico........................NM
New York............................NY
North Carolina.....................NC
North Dakota.......................ND
Ohio....................................OH
Oklahoma...........................OK
Oregon................................OR
Pennsylvania.......................PA
Rhode Island........................RI
South Carolina....................SC
South Dakota......................SD
Tennessee..........................TN
Texas...................................TX
Utah.....................................UT
Vermont...............................VT
Virginia................................VA
Washington........................WA
West Virginia......................WV
Wisconsin............................WI
Wyoming............................WY
American Samoa.................AS
Guam..................................GU
Puerto Rico.........................PR
US Virgin Islands..................VI
Northern Mariana Islands...MP
Canada...............................CN
Aggregate Other Alien........OT
Totals.......................................
Active
Status
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....L........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....L........
....N........
....N........
....L........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
....N........
......XXX.
(a).......3
4
5
Dividends Paid
or Credited
Direct Losses
3
to Policyholders
Paid
Direct Premiums
on Direct
(Deducting
Earned
Business
Salvage)
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
.............(4,674,273) .......................... ........2,170,999
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... ...............6,528
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
.............................0 .......................0 ......................0
.............(4,674,273) .......................0 ........2,177,527
DETAILS OF WRITE-INS
................................ .......................... .........................
................................ .......................... .........................
................................ .......................... .........................
Gross Premiums, Including Policy and
Membership Fees, Less Return Premiums
and Premiums on Policies Not Taken
2
Direct Premiums
Written
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............(4,674,273)
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
................................
.............................0
.............(4,674,273)
................................................. ...XXX.... ................................
................................................. ...XXX.... ................................
................................................. ...XXX.... ................................
6
7
Direct Losses
Incurred
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
........1,550,791
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
..........(361,819)
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
......................0
........1,188,972
Direct Losses
Unpaid
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
........3,386,621
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
...........291,400
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
.........................
......................0
........3,678,021
8
Finance and
Service
Charges
not Included
in Premiums
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
........................
.....................0
.....................0
9
Direct Premiums
Written for
Federal Purchasing Groups
(Incl. in Col. 2)
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
............................
.........................0
.........................0
......................... ......................... ........................ ............................
......................... ......................... ........................ ............................
......................... ......................... ........................ ............................
Summary of remaining
write-ins for Line 58 from
overflow page
...XXX.... ...............................0 ...............................0 .........................0 ........................0 ........................0 ........................0 .......................0 ...........................0
5899. Totals (Lines 5801 thru 5803+
Line 5898) (Line 58 above)
...XXX.... ...............................0 ...............................0 .........................0 ........................0 ........................0 ........................0 .......................0 ...........................0
(a) Insert the number of "L" responses except for Canada and Other Alien.
Explanation of Basis of Allocation of Premiums by States, etc.
92
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. T-Pt. 2
NONE
Sch. Y-Pt. 1
NONE
Sch. Y-Pt. 2
NONE
93, 94, 95
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SUPPLEMENTAL EXHIBITS AND SCHEDULES INTERROGATORIES
The following supplemental reports are required to be filed as part of your statement filing unless specifically waived by the domiciliary state. However, in the event that your domiciliary
state waives the filing requirement, your response of WAIVED to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code will be printed below. If the
supplement is required of your company but is not being filed for whatever reason enter SEE EXPLANATION and provide an explanation following the interrogatory questions.
MARCH FILING
Responses
1. Will an actuarial opinion be filed by March 1?
YES
2. Will the Supplemental Compensation Exhibit be filed with the state of domicile by March 1?
NO
3. Will the confidential Risk-Based Capital Report be filed with the NAIC by March 1?
NO
4. Will the confidential Risk-Based Capital Report be filed with the state of domicile, if required, by March 1?
NO
APRIL FILING
5. Will the Insurance Expense Exhibit be filed with the state of domicile and the NAIC by April 1?
YES
6. Will the Management's Discussion and Analysis be filed by April 1?
YES
7. Will the Supplemental Investment Risks Interrogatories be filed by April 1?
NO
MAY FILING
8. Will this company be included in a combined annual statement that is filed with the NAIC by May 1?
NO
JUNE FILING
9. Will an audited financial report be filed by June 1?
NO
10. Will Accountants Letter of Qualifications be filed with the state of domicile and electronically with the NAIC by June 1?
YES
The following supplemental reports are required to be filed as part of your statement filing. However, in the event that your company does not transact the type of
business for which the special report must be filed, your response of NO to the specific interrogatory will be accepted in lieu of filing a "NONE" report and a bar code
will be printed below. If the supplement is required of your company but is not being filed for whatever reason, enter SEE EXPLANATION and provide an
explanation following the interrogatory questions.
MARCH FILING
11. Will Schedule SIS (Stockholder Information Supplement) be filed with the state of domicile by March 1?
NO
12. Will the Financial Guaranty Insurance Exhibit be filed by March 1?
NO
13. Will the Medicare Supplement Insurance Experience Exhibit be filed with the state of domicile and the NAIC by March 1?
NO
14. Will Supplement A to Schedule T (Medical Professional Liability Supplement) be filed by March 1?
NO
15. Will the Trusteed Surplus Statement be filed with the state of domicile and the NAIC by March 1?
NO
16. Will the Premiums Attributed to Protected Cells Exhibit be filed by March 1?
NO
17. Will the Reinsurance Summary Supplemental Filing for General Interrogatory 9 be filed with the state of domicile and the NAIC by March 1?
NO
18. Will the Medicare Part D Coverage Supplement be filed with the state of domicile and the NAIC by March 1?
NO
19. Will the confidential Actuarial Opinion Summary be filed with the state of domicile, if required, by March 15 (or the date otherwise specified)?
NO
20. Will the Reinsurance Attestation Supplement be filed with the state of domicile and the NAIC by March 1?
NO
21. Will the Exceptions to the Reinsurance Attestation Supplement be filed with the state of domicile by March 1?
NO
22. Will the Bail Bond Supplement be filed with the state of domicile and the NAIC by March 1?
NO
APRIL FILING
23. Will the Credit Insurance Experience Exhibit be filed with state of domicile and the NAIC by April 1?
NO
24. Will the Long-Term Care Experience Reporting Forms be filed with the state of domicile and the NAIC by April 1?
NO
25. Will the Accident and Health Policy Experience Exhibit be filed by April 1?
NO
EXPLANATIONS:
BAR CODE:
1.
*10663200946000000*
*10663200939000000*
*10663200939000000*
2.
3.
4.
5.
6.
*10663200928500000*
*10663200920100000*
*10663200922000000*
7.
8.
9.
10.
*10663200942000000*
*10663200924000000*
*10663200936000000*
*10663200945500000*
*10663200949000000*
*10663200938500000*
*10663200940100000*
*10663200936500000*
*10663200944100000*
*10663200939900000*
*10663200940000000*
*10663200950000000*
*10663200923000000*
*10663200930600000*
*10663200921000000*
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
96
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Overflow Page
NONE
Overflow Page
NONE
97P, 97L
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SUMMARY INVESTMENT SCHEDULE
Gross
Investment Holdings
1
2
Amount
Percentage
Investment Categories
1.
Admitted Assets as Reported
in the Annual Statement
3
4
Amount
Percentage
Bonds:
1.1
U.S. treasury securities............................................................................................................................................. ................149,849 ................2.4 ................149,849 ................2.4
1.2
U.S. government agency obligations (excluding mortgage-backed securities):
1.21 Issued by U.S. government agencies............................................................................................................ .............................. ................0.0 .............................. ................0.0
1.22 Issued by U.S. government sponsored agencies.......................................................................................... .............................. ................0.0 .............................. ................0.0
1.3
Non-U.S. government (including Canada, excluding mortgage-backed securities)............................................... .............................. ................0.0 .............................. ................0.0
1.4
Securities issued by states, territories and possessions and political subdivisions in the U.S.:
1.41 States, territories and possessions general obligations................................................................................ .............................. ................0.0 .............................. ................0.0
1.42 Political subdivisions of states, territories & possessions & political subdivisions general obligations........ .............................. ................0.0 .............................. ................0.0
1.43 Revenue and assessment obligations........................................................................................................... .............................. ................0.0 .............................. ................0.0
1.44 Industrial development and similar obligations.............................................................................................. .............................. ................0.0 .............................. ................0.0
1.5
Mortgage-backed securities (includes residential and commercial MBS):
1.51 Pass-through securities:
1.511 Issued or guaranteed by GNMA......................................................................................................... .............................. ................0.0 .............................. ................0.0
1.512 Issued or guaranteed by FNMA and FHLMC..................................................................................... .............................. ................0.0 .............................. ................0.0
1.513 All other............................................................................................................................................... .............................. ................0.0 .............................. ................0.0
1.52 CMOs and REMICs:
1.521 Issued or guaranteed by GNMA, FNMA, FHLMC or VA.................................................................... .............................. ................0.0 .............................. ................0.0
1.522 Issued by non-U.S. Government issuers and collateralized by mortgage-backed
securities issued or guaranteed by agencies shown in Line 1.521..................................................... .............................. ................0.0 .............................. ................0.0
1.523 All other............................................................................................................................................... .............................. ................0.0 .............................. ................0.0
2.
3.
Other debt and other fixed income securities (excluding short-term):
2.1
Unaffiliated domestic securities (includes credit tenant loans and hybrid securities).............................................. .............................. ................0.0 .............................. ................0.0
2.2
Unaffiliated non-U.S. securities (including Canada)................................................................................................ .............................. ................0.0 .............................. ................0.0
2.3
Affiliated securities.................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
Equity interests:
3.1
Investments in mutual funds..................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.2
Preferred stocks:
3.21 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.22 Unaffiliated...................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.3
Publicly traded equity securities (excluding preferred stocks):
3.31 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.32 Unaffiliated...................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.4
Other equity securities:
3.41 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.42 Unaffiliated...................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.5
Other equity interests including tangible personal property under lease:
3.51 Affiliated.......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
3.52 Unaffiliated...................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
4.
5.
Mortgage loans:
4.1
Construction and land development......................................................................................................................... .............................. ................0.0 .............................. ................0.0
4.2
Agricultural................................................................................................................................................................ .............................. ................0.0 .............................. ................0.0
4.3
Single family residential properties........................................................................................................................... .............................. ................0.0 .............................. ................0.0
4.4
Multifamily residential properties.............................................................................................................................. .............................. ................0.0 .............................. ................0.0
4.5
Commercial loans..................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
4.6
Mezzanine real estate loans..................................................................................................................................... .............................. ................0.0 .............................. ................0.0
Real estate investments:
5.1
Property occupied by company................................................................................................................................ .............................. ................0.0 .............................. ................0.0
5.2
Property held for production of income (including $..........0 of property acquired in satisfaction of debt).............. .............................. ................0.0 .............................. ................0.0
5.3
Property held for sale (including $.........0 property acquired in satisfaction of debt)............................................... .............................. ................0.0 .............................. ................0.0
6.
Contract loans..................................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
7.
Receivables for securities................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
8.
Cash, cash equivalents and short-term investments......................................................................................................... .............6,180,503 ..............97.6 .............6,180,503 ..............97.6
9.
Other invested assets......................................................................................................................................................... .............................. ................0.0 .............................. ................0.0
10.
Total invested assets.......................................................................................................................................................... .............6,330,352 ............100.0 .............6,330,352 ............100.0
SI01
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE A - VERIFICATION BETWEEN YEARS
Real Estate
1.
Book/adjusted carrying value, December 31 of prior year.........................................................................................................................................................
2.
Cost of acquired:
3.
2.1
Actual cost at time of acquisition (Part 2, Column 6).....................................................................................................
2.2
Additional investment made after acquisition (Part 2, Column 9)...................................................................................
Current year change in encumbrances:
3.1
Totals, Part 1, Column 13..............................................................................................................................................
3.2
Totals, Part 3, Column 11..............................................................................................................................................
Total gain (loss) on disposals, Part 3, Column 18.....................................................................................................................................................................
5.
Deduct amounts received on disposals, Part 3, Column 15......................................................................................................................................................
6.
Total foreign exchange change in book/adjusted carrying value:
8.
9.
0
NONE
4.
7.
0
6.1
Totals, Part 1, Column 15..............................................................................................................................................
6.2
Totals, Part 3, Column 13..............................................................................................................................................
0
Deduct current year's other than temporary impairment recognized:
7.1
Totals, Part 1, Column 12..............................................................................................................................................
7.2
Totals, Part 3, Column 10..............................................................................................................................................
0
Deduct current year's depreciation:
8.1
Totals, Part 1, Column 11..............................................................................................................................................
8.2
Totals, Part 3, Column 9................................................................................................................................................
Book/adjusted carrying value at end of current period (Lines 1+2+3+4-5+6-7-8)......................................................................................................................
0
0
10. Deduct total nonadmitted amounts...........................................................................................................................................................................................
11. Statement value at end of current period (Line 9 minus Line 10)..............................................................................................................................................
0
SCHEDULE B - VERIFICATION BETWEEN YEARS
Mortgage Loans
1.
Book value/recorded investment excluding accrued interest, December 31 of prior year..........................................................................................................
2.
Cost of acquired:
3.
2.1
Actual cost at time of acquisition (Part 2, Column 7).....................................................................................................
2.2
Additional investment made after acquisition (Part 2, Column 8)...................................................................................
0
Capitalized deferred interest and other:
3.1
Totals, Part 1, Column 12..............................................................................................................................................
3.2
Totals, Part 3, Column 11..............................................................................................................................................
4.
Accrual of discount...................................................................................................................................................................................................................
5.
Unrealized valuation increase (decrease):
5.1
Totals, Part 1, Column 9................................................................................................................................................
5.2
Totals, Part 3, Column 8................................................................................................................................................
6.
Total gain (loss) on disposals, Part 3, Column 18.....................................................................................................................................................................
7.
Deduct amounts received on disposals, Part 3, Column 15......................................................................................................................................................
8.
Deduct amortization of premium and mortgage interest points and commitment fees...............................................................................................................
9.
Total foreign exchange change in book value/recorded investment excluding accrued interest:
0
0
NONE
9.1
Totals, Part 1, Column 13..............................................................................................................................................
9.2
Totals, Part 3, Column 13..............................................................................................................................................
0
10. Deduct current year's other than temporary impairment recognized:
10.1 Totals, Part 1, Column 11..............................................................................................................................................
10.2 Totals, Part 3, Column 10..............................................................................................................................................
11. Book value/recorded investment excluding accrued interest at end of current period (Lines 1+2+3+4+5+6-7-8+9-10)..............................................................
0
0
12. Total valuation allowance.........................................................................................................................................................................................................
13. Subtotal (Line 11 plus Line 12).................................................................................................................................................................................................
0
14. Deduct total nonadmitted amounts...........................................................................................................................................................................................
15. Statement value at end of current period (Line 13 minus Line 14)............................................................................................................................................
SI02
0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE BA - VERIFICATION BETWEEN YEARS
Other Long-Term Invested Assets
1.
Book/adjusted carrying value, December 31 of prior year.........................................................................................................................................................
2.
Cost of acquired:
3.
2.1
Actual cost at time of acquisition (Part 2, Column 8).....................................................................................................
2.2
Additional investment made after acquisition (Part 2, Column 9)...................................................................................
0
Capitalized deferred interest and other:
3.1 Totals, Part 1, Column 16..............................................................................................................................................
3.2 Totals, Part 3, Column 12..............................................................................................................................................
4.
Accrual of discount...................................................................................................................................................................................................................
5.
Unrealized valuation increase (decrease):
NONE
0
5.1 Totals, Part 1, Column 13..............................................................................................................................................
5.2 Totals, Part 3, Column 9................................................................................................................................................
6.
Total gain (loss) on disposals, Part 3, Column 19.....................................................................................................................................................................
7.
Deduct amounts received on disposals, Part 3, Column 16......................................................................................................................................................
8.
Deduct amortization of premium and depreciation....................................................................................................................................................................
9.
Total foreign exchange change in book/adjusted carrying value:
0
9.1 Totals, Part 1, Column 17..............................................................................................................................................
9.2 Totals, Part 3, Column 14..............................................................................................................................................
0
10. Deduct current year's other than temporary impairment recognized:
10.1 Totals, Part 1, Column 15..............................................................................................................................................
10.2 Totals, Part 3, Column 11..............................................................................................................................................
11. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5+6-7-8+9-10).............................................................................................................
0
0
12. Deduct total nonadmitted amounts...........................................................................................................................................................................................
13. Statement value at end of current period (Line 11 minus Line 12)............................................................................................................................................
0
SCHEDULE D - VERIFICATION BETWEEN YEARS
Bonds and Stocks
1.
Book/adjusted carrying value, December 31 of prior year.........................................................................................................................................................
2.
Cost of bonds and stocks acquired, Part 3, Column 7...............................................................................................................................................................
3.
Accrual of discount...................................................................................................................................................................................................................
4.
Unrealized valuation increase (decrease):
4.1
Part 1, Column 12.........................................................................................................................................................
4.2
Part 2, Section 1, Column 15.........................................................................................................................................
4.3
Part 2, Section 2, Column 13.........................................................................................................................................
4.4
Part 4, Column 11.........................................................................................................................................................
5.
Total gain (loss) on disposals, Part 4, Column 19.....................................................................................................................................................................
6.
Deduct consideration for bonds and stocks disposed of, Part 4, Column 7...............................................................................................................................
7.
Deduct amortization of premium...............................................................................................................................................................................................
8.
Total foreign exchange change in book/adjusted carrying value:
149,734
115
0
8.1 Part 1, Column 15.........................................................................................................................................................
8.2 Part 2, Section 1, Column 19.........................................................................................................................................
8.3 Part 2, Section 2, Column 16.........................................................................................................................................
8.4 Part 4, Column 15.........................................................................................................................................................
9.
0
Deduct current year's other than temporary impairment recognized:
9.1
Part 1, Column 14.........................................................................................................................................................
9.2
Part 2, Section 1, Column 17.........................................................................................................................................
9.3
Part 2, Section 2, Column 14.........................................................................................................................................
9.4
Part 4, Column 13.........................................................................................................................................................
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9)..................................................................................................................
0
149,849
11. Deduct total nonadmitted amounts...........................................................................................................................................................................................
12. Statement value at end of current period (Line 10 minus Line 11)............................................................................................................................................
SI03
149,849
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - SUMMARY BY COUNTRY
Long-Term Bonds and Stocks OWNED December 31 of Current Year
1
2
3
Book/Adjusted
Description
BONDS
Carrying Value
4
Par Value
Fair Value
Actual Cost
of Bonds
1. United States...................... ........................149,849 ........................157,992 ........................149,243 ........................150,000
Governments (Including all obligations
2. Canada............................... ...................................... ...................................... ...................................... ......................................
guaranteed by governments)
3. Other Countries.................. ...................................... ...................................... ...................................... ......................................
4. Totals................................. ........................149,849 ........................157,992 ........................149,243 ........................150,000
U.S. States, Territories and Possessions
(Direct and guaranteed)
5. Totals................................. ...................................... ...................................... ...................................... ......................................
U.S. Political Subdivisions of States, Territories
and Possessions (Direct and guaranteed)
6. Totals................................. ...................................... ...................................... ...................................... ......................................
U.S. Special Revenue and Special Assessment
Obligations and All Non-Guaranteed Obligations
of Agencies and Authorities of Governments
and Their Political Subdivisions
7. Totals................................. ...................................... ...................................... ...................................... ......................................
Industrial and Miscellaneous, Credit Tenant
8. United States...................... ...................................... ...................................... ...................................... ......................................
Loans and Hybrid Securities (Unaffiliated)
9. Canada............................... ...................................... ...................................... ...................................... ......................................
10. Other Countries.................. ...................................... ...................................... ...................................... ......................................
11. Totals................................. ...................................0 ...................................0 ...................................0 ...................................0
Parent, Subsidiaries and Affiliates
12. Totals................................. ...................................... ...................................... ...................................... ......................................
13. Total Bonds...................... ........................149,849 ........................157,992 ........................149,243 ........................150,000
PREFERRED STOCKS
Industrial and Miscellaneous (Unaffiliated)
14. United States...................... ...................................... ...................................... ......................................
15. Canada............................... ...................................... ...................................... ......................................
16. Other Countries.................. ...................................... ...................................... ......................................
17. Totals................................. ...................................0 ...................................0 ...................................0
Parent, Subsidiaries and Affiliates
18. Totals................................. ...................................... ...................................... ......................................
19. Total Preferred Stocks..... ...................................0 ...................................0 ...................................0
COMMON STOCKS
Industrial and Miscellaneous (Unaffiliated)
20. United States...................... ...................................... ...................................... ......................................
21. Canada............................... ...................................... ...................................... ......................................
22. Other Countries.................. ...................................... ...................................... ......................................
23. Totals................................. ...................................0 ...................................0 ...................................0
Parent, Subsidiaries and Affiliates
24. Totals................................. ...................................... ...................................... ......................................
25. Total Common Stocks...... ...................................0 ...................................0 ...................................0
26. Total Stocks...................... ...................................0 ...................................0 ...................................0
27. Total Bonds and Stocks... ........................149,849 ........................157,992 ........................149,243
SI04
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 1
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
1.
1.1
1.2
1.3
1.4
1.5
1.6
1.7
2.
2.1
2.2
2.3
2.4
2.5
2.6
2.7
3.
SI05
3.1
3.2
3.3
3.4
3.5
3.6
3.7
4.
4.1
4.2
4.3
4.4
4.5
4.6
4.7
5.
5.1
5.2
5.3
5.4
5.5
5.6
5.7
Quality Rating per the
NAIC Designation
U.S. Governments
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals.........................................................................................
All Other Governments
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals.........................................................................................
U.S. States, Territories and Possessions, etc., Guaranteed
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals.........................................................................................
U.S. Political Subdivisions of States, Territories and
Possessions, Guaranteed
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals.........................................................................................
U.S. Special Revenue & Special Assessment Obligations,
etc., Non-Guaranteed
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals.........................................................................................
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
................................
................................
................................
................................
................................
................................
.............................0
..................149,849
................................
................................
................................
................................
................................
..................149,849
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
..................149,849
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,849
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..................149,734
................................
................................
................................
................................
................................
..................149,734
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..................149,849
................................
................................
................................
................................
................................
..................149,849
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
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.............................0
................................
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................................
.............................0
................................
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................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
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................................
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................................
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.............................0
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................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
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.............................0
................................
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................................
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.............................0
................................
................................
................................
................................
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................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
................................
................................
................................
................................
................................
................................
.............................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 1 (continued)
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
Quality Rating per the
NAIC Designation
6.
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
Industrial and Miscellaneous (unaffiliated)
6.1 Class 1...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.2 Class 2...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.3 Class 3...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.4 Class 4...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.5 Class 5...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.6 Class 6...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
6.7 Totals........................................................................................ .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0
7.
.............................0 ..........................0.0
.............................0 .............................0
Credit Tenant Loans
7.1 Class 1...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
7.2 Class 2...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
7.3 Class 3...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
7.4 Class 4...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
7.5 Class 5...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
NONE
7.6 Class 6...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
SI06
7.7 Totals........................................................................................ .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0
8.
.............................0 ..........................0.0
.............................0 .............................0
Hybrid Securities
8.1 Class 1...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.2 Class 2...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.3 Class 3...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.4 Class 4...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.5 Class 5...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.6 Class 6...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
8.7 Totals........................................................................................ .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0
9.
.............................0 ..........................0.0
.............................0 .............................0
Parent, Subsidiaries and Affiliates
9.1 Class 1...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.2 Class 2...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.3 Class 3...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.4 Class 4...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.5 Class 5...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.6 Class 6...................................................................................... ................................ ................................ ................................ ................................ ................................ .............................0 ..........................0.0 ................................ ..........................0.0 ................................ ................................
9.7 Totals........................................................................................ .............................0 .............................0 .............................0 .............................0 .............................0 .............................0 ..........................0.0
.............................0 ..........................0.0
.............................0 .............................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 1 (continued)
Quality and Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Types of Issues and NAIC Designations
SI07
10.
10.1
10.2
10.3
10.4
10.5
10.6
10.7
10.8
11.
11.1
11.2
11.3
11.4
11.5
11.6
11.7
11.8
12.
12.1
12.2
12.3
12.4
12.5
12.6
12.7
12.8
12.9
13.
13.1
13.2
13.3
13.4
13.5
13.6
13.7
13.8
13.9
(a)
(b)
(c)
(d)
Quality Rating per the
NAIC Designation
Total Bonds Current Year
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals........................................................................................
Line 10.7 as a % of Col. 6.........................................................
Total Bonds Prior Year
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals........................................................................................
Line 11.7 as a % of Col. 8.........................................................
Total Publicly Traded Bonds
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals........................................................................................
Line 12.7 as a % of Col. 6.........................................................
Line 12.7 as a % of Line 10.7, Col. 6, Section 10......................
Total Privately Placed Bonds
Class 1......................................................................................
Class 2......................................................................................
Class 3......................................................................................
Class 4......................................................................................
Class 5......................................................................................
Class 6......................................................................................
Totals........................................................................................
Line 13.7 as a % of Col. 6.........................................................
Line 13.7 as a % of Line 10.7, Col. 6, Section 10......................
1
1 Year
or Less
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed (a)
(d).........................0
(d).........................0
(d).........................0
(d).........................0
(d).........................0
(d).........................0
.............................0
..........................0.0
..................149,849
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,849
......................100.0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..................149,849
.............................0
.............................0
.............................0
(c).........................0
(c).........................0
(b)..............149,849
......................100.0
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..................149,849
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,849
......................100.0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..................149,734
................................
................................
................................
................................
................................
..................149,734
......................100.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..................149,734
.............................0
.............................0
.............................0
(c).........................0
(c).........................0
(b)..............149,734
......................100.0
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..................149,734
................................
................................
................................
................................
................................
..................149,734
......................100.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..................149,849
................................
................................
................................
................................
................................
..................149,849
......................100.0
......................100.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
..................149,849
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,849
......................100.0
......................100.0
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..............XXX...........
..................149,734
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,734
..............XXX...........
..............XXX...........
......................100.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..............XXX...........
..................149,849
.............................0
.............................0
.............................0
.............................0
.............................0
..................149,849
......................100.0
......................100.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
................................
................................
................................
................................
.............................0
..........................0.0
..........................0.0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..............XXX...........
..............XXX...........
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..............XXX...........
..............XXX...........
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
Includes $..........0 freely tradable under SEC Rule 144 or qualified for resale under SEC Rule 144A.
Includes $..........0 current year, $..........0 prior year of bonds with Z designations and $..........0 current year, $..........0 prior year of bonds with Z* designations. The letter "Z" means the NAIC designation was not assigned by the
Securities Valuation Office (SVO) at the date of the statement. "Z*" means the SVO could not evaluate the obligation because valuation procedures for the security class are under regulatory review.
Includes $..........0 current year, $..........0 prior year of bonds with 5* designations and $..........0 current year, $..........0 prior year of bonds with 6* designations. "5*" means the NAIC designation was assigned by the SVO in reliance on
the insurer's certification that the issuer is current in all principal and interest payments. "6*" means the NAIC designation was assigned by the SVO due to inadequate certification of principal and interest payments.
Includes the following amount of non-rated short-term and cash equivalent bonds by NAIC designation: NAIC 1 $..........0; NAIC 2 $..........0; NAIC 3 $..........0; NAIC 4 $..........0; NAIC 5 $..........0; NAIC 6 $..........0.
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 2
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
1.
2.
1
1 Year
or Less
1.1
1.2
1.7
2.1
2.2
2.3
2.4
3.
2.5
2.6
2.7
3.1
3.2
3.3
3.4
SI08
4.
3.5
3.6
3.7
4.1
4.2
4.3
4.4
5.
4.5
4.6
4.7
5.1
5.2
5.3
5.4
5.5
5.6
5.7
Distribution by Type
U.S. Governments
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
Totals................................................................................................ .............................0
All Other Governments
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
U.S. States, Territories and Possessions, Guaranteed
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
U.S. Political Subdivisions of States, Territories and
Possessions, Guaranteed
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
U.S. Special Revenue & Special Assessment Obligations, etc.,
Non-Guaranteed
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed
..................149,849 ................................ .............................. .............................. ..................149,849 ......................100.0 ..................149,734 ....................100.0 ..................149,849 ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
..................149,849 .............................0 ...........................0 ...........................0 ..................149,849 ......................100.0 ..................149,734 ....................100.0 ..................149,849 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 2 (continued)
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
1
1 Year
or Less
6.
6.1
6.2
6.3
6.4
6.5
6.6
6.7
7.
7.1
7.2
7.7
8.
SI09
8.1
8.2
8.3
8.4
8.5
8.6
8.7
9.
9.1
9.2
9.3
9.4
9.5
9.6
9.7
Distribution by Type
Industrial and Miscellaneous (unaffiliated)
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
Credit Tenant Loans
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed Securities......................................... ................................
Totals................................................................................................ .............................0
Hybrid Securities
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
Parent, Subsidiaries and Affiliates
Issuer Obligations.............................................................................. ................................
Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
Defined.............................................................................................. ................................
Other................................................................................................. ................................
Totals................................................................................................ .............................0
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
NONE
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. .............................0 ..........................0.0 ................................ ........................0.0 ................................ ..............................
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ...........................0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1A - SECTION 2 (continued)
Maturity Distribution of All Bonds Owned December 31, At Book/Adjusted Carrying Values By Major Type and Subtype of Issues
1
1 Year
or Less
SI10
Distribution by Type
10.
Total Bonds Current Year
10.1 Issuer Obligations.............................................................................. .............................0
10.2 Single Class Mortgage-Backed/Asset-Backed Securities.................. .............................0
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
10.3 Defined.............................................................................................. .............................0
10.4 Other................................................................................................. .............................0
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
10.5 Defined.............................................................................................. .............................0
10.6 Other................................................................................................. .............................0
10.7 Totals................................................................................................ .............................0
10.8 Line 10.7 as a % of Col. 6................................................................. ..........................0.0
11.
Total Bonds Prior Year
11.1 Issuer Obligations.............................................................................. ................................
11.2 Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
11.3 Defined.............................................................................................. ................................
11.4 Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
11.5 Defined.............................................................................................. ................................
11.6 Other................................................................................................. ................................
11.7 Totals................................................................................................ .............................0
11.8 Line 11.7 as a % of Col. 8................................................................. ..........................0.0
12.
Total Publicly Traded Bonds
12.1 Issuer Obligations.............................................................................. ................................
12.2 Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
12.3 Defined.............................................................................................. ................................
12.4 Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
12.5 Defined.............................................................................................. ................................
12.6 Other................................................................................................. ................................
12.7 Totals................................................................................................ .............................0
12.8 Line 12.7 as a % of Col. 6................................................................. ..........................0.0
12.9 Line 12.7 as a % of Line 10.7, Col. 6, Section 10.............................. ..........................0.0
13.
Total Privately Placed Bonds
13.1 Issuer Obligations.............................................................................. ................................
13.2 Single Class Mortgage-Backed/Asset-Backed Securities.................. ................................
MULTI-CLASS RESIDENTIAL MORTGAGE-BACKED SECURITIES:
13.3 Defined.............................................................................................. ................................
13.4 Other................................................................................................. ................................
MULTI-CLASS COMMERCIAL MORTGAGE-BACKED/
ASSET-BACKED SECURITIES:
13.5 Defined.............................................................................................. ................................
13.6 Other................................................................................................. ................................
13.7 Totals................................................................................................ .............................0
13.8 Line 13.7 as a % of Col. 6................................................................. ..........................0.0
13.9 Line 13.7 as a % of Line 10.7, Col. 6, Section 10.............................. ..........................0.0
2
Over 1 Year
Through 5 Years
3
Over 5 Years
Through 10 Years
4
Over 10 Years
Through 20 Years
5
Over 20
Years
6
Total
Current Year
7
Column 6 as a
% of Line 10.7
8
Total from Column
6 Prior Year
9
% from Col. 7
Prior Year
10
Total
Publicly Traded
11
Total
Privately Placed
..................149,849 .............................0 ...........................0 ...........................0 ..................149,849 ......................100.0 ..............XXX........... ..............XXX......... ..................149,849 ...........................0
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 ..............XXX........... ..............XXX......... .............................0 ...........................0
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 ..............XXX........... ..............XXX......... .............................0 ...........................0
.............................0 .............................0 ...........................0 ...........................0 .............................0 ..........................0.0 ..............XXX........... ..............XXX......... .............................0 ...........................0
.............................0
.............................0
..................149,849
......................100.0
.............................0
.............................0
.............................0
..........................0.0
...........................0
...........................0
...........................0
........................0.0
...........................0
...........................0
...........................0
........................0.0
.............................0
.............................0
..................149,849
......................100.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX.........
..............XXX.........
..............XXX.........
..............XXX.........
.............................0
.............................0
..................149,849
......................100.0
...........................0
...........................0
...........................0
........................0.0
..................149,734 ................................ .............................. .............................. ..............XXX........... ..............XXX........... ..................149,734 ....................100.0 ..................149,734 ..............................
................................ ................................ .............................. .............................. ..............XXX........... ..............XXX........... .............................0 ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. ..............XXX........... ..............XXX........... .............................0 ........................0.0 ................................ ..............................
................................ ................................ .............................. .............................. ..............XXX........... ..............XXX........... .............................0 ........................0.0 ................................ ..............................
................................
................................
..................149,734
......................100.0
................................
................................
.............................0
..........................0.0
..............................
..............................
...........................0
........................0.0
..............................
..............................
...........................0
........................0.0
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
.............................0
.............................0
..................149,734
......................100.0
........................0.0
........................0.0
....................100.0
..............XXX.........
................................
................................
..................149,734
......................100.0
..............................
..............................
...........................0
........................0.0
..................149,849 ................................ .............................. .............................. ..................149,849 ......................100.0 ..................149,734 ....................100.0 ..................149,849 ..............XXX.........
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ..............XXX.........
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ..............XXX.........
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 .............................0 ..............XXX.........
................................
................................
..................149,849
......................100.0
......................100.0
................................
................................
.............................0
..........................0.0
..........................0.0
..............................
..............................
...........................0
........................0.0
........................0.0
..............................
..............................
...........................0
........................0.0
........................0.0
.............................0
.............................0
..................149,849
......................100.0
......................100.0
..........................0.0
..........................0.0
......................100.0
..............XXX...........
..............XXX...........
.............................0
.............................0
..................149,734
..............XXX...........
..............XXX...........
........................0.0
........................0.0
....................100.0
..............XXX.........
..............XXX.........
.............................0
.............................0
..................149,849
......................100.0
......................100.0
..............XXX.........
..............XXX.........
..............XXX.........
..............XXX.........
..............XXX.........
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 ..............XXX........... ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 ..............XXX........... ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 ..............XXX........... ...........................0
................................ ................................ .............................. .............................. .............................0 ..........................0.0 .............................0 ........................0.0 ..............XXX........... ...........................0
................................
................................
.............................0
..........................0.0
..........................0.0
................................
................................
.............................0
..........................0.0
..........................0.0
..............................
..............................
...........................0
........................0.0
........................0.0
..............................
..............................
...........................0
........................0.0
........................0.0
.............................0
.............................0
.............................0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..........................0.0
..............XXX...........
..............XXX...........
.............................0
.............................0
.............................0
..............XXX...........
..............XXX...........
........................0.0
........................0.0
........................0.0
..............XXX.........
..............XXX.........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
..............XXX...........
...........................0
...........................0
...........................0
........................0.0
........................0.0
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE DA - VERIFICATION BETWEEN YEARS
Short-Term Investments
1
2
3
Total
Bonds
Mortgage
Loans
4
Other Short-term
Investment
Assets (a)
5
Investments in
Parent, Subsidiaries
and Affiliates
1. Book/adjusted carrying value December 31 of prior year......................................................................................... ...........................................1,632,000 ...........................................1,632,000 ........................................................... ........................................................... ...........................................................
2. Cost of short-term investments acquired................................................................................................................. ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
3. Accrual of discount.................................................................................................................................................. ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
4. Unrealized valuation increase (decrease)................................................................................................................ ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
5. Total gain (loss) on disposals.................................................................................................................................. ........................................................0 /.......................................................... ........................................................... ........................................................... ...........................................................
6. Deduct consideration received on disposals............................................................................................................ ...........................................1,632,000 ...........................................1,632,000 ........................................................... ........................................................... ...........................................................
SI11
7. Deduct amortization of premium.............................................................................................................................. ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
8. Total foreign exchange change in book/adjusted carrying value.............................................................................. ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
9. Deduct current year's other than temporary impairment recognized........................................................................ ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9)................................................. ........................................................0 ........................................................0 ........................................................0 ........................................................0 ........................................................0
11. Deduct total nonadmitted amounts.......................................................................................................................... ........................................................0 ........................................................... ........................................................... ........................................................... ...........................................................
12. Statement value at end of current period (Line 10 minus Line 11)........................................................................... ........................................................0 ........................................................0 ........................................................0 ........................................................0 ........................................................0
(a) Indicate the category of such assets, for example, joint ventures, transportation equipment:.............................
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. DB-Pt. A-Verification
NONE
Sch. DB-Pt. B-Verification
NONE
Sch. DB-Pt. C-Verification
NONE
Sch. DB-Pt. D-Verification
NONE
Sch. DB-Pt. E-Verification
NONE
Sch. DB-Pt. F-Sn. 1
NONE
Sch. DB-Pt. F-Sn. 2
NONE
SI12, SI13, SI14, SI15
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE E- VERIFICATION BETWEEN YEARS
Cash Equivalents
1
2
3
Total
Bonds
Other (a)
1. Book/adjusted carrying value, December 31 of prior year............................................................... .......................................0 .......................................... ..........................................
2. Cost of cash equivalents acquired.................................................................................................. .........................6,098,791 .........................6,098,791 ..........................................
3. Accrual of discount......................................................................................................................... .......................................0 .......................................... ..........................................
4. Unrealized valuation increase (decrease)....................................................................................... .......................................0 .......................................... ..........................................
5. Total gain (loss) on disposals......................................................................................................... .......................................0 .......................................... ..........................................
6. Deduct consideration received on disposals................................................................................... .......................................0 .......................................... ..........................................
7. Deduct amortization of premium..................................................................................................... .......................................0 .......................................... ..........................................
8. Total foreign exchange change in book/adjusted carrying value..................................................... .......................................0 .......................................... ..........................................
9. Deduct current year's other than temporary impairment recognized................................................ .......................................0 .......................................... ..........................................
10. Book/adjusted carrying value at end of current period (Lines 1+2+3+4+5-6-7+8-9)......................... .........................6,098,791 .........................6,098,791 .......................................0
11. Deduct total nonadmitted amounts.................................................................................................. .......................................0 .......................................... ..........................................
12. Statement value at end of current period (Line 10 minus Line 11)................................................... .........................6,098,791 .........................6,098,791 .......................................0
(a) Indicate the category of such investments, for example, joint ventures, transportation equipment:.
SI16
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. A-Pt. 1
NONE
Sch. A-Pt. 2
NONE
Sch. A-Pt. 3
NONE
Sch. B-Pt. 1
NONE
Sch. B-Pt. 2
NONE
Sch. B-Pt. 3
NONE
Sch. BA-Pt. 1
NONE
Sch. BA-Pt. 2
NONE
Sch. BA-Pt. 3
NONE
E01, E02, E03, E04, E05, E06, E07, E08, E09
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE D - PART 1
Showing all Long-Term BONDS Owned December 31 of Current Year
1
2
Codes
6
4
5
F
o
r
e
i
NAIC
g Bond DesigCode n CHAR nation
7
3
CUSIP
Identification
Description
U.S. Government - Issuer Obligations
912828 FD 7 US TREASURY NOTE..................................................................... ...... . .......... .....1
0199999. U.S. Government - Issuer Obligations................................................................................................
0399999. Total - U.S. Government.....................................................................................................................
Totals
7799999. Total - Issuer Obligations....................................................................................................................
8399999. Grand Total - Bonds............................................................................................................................
Fair Value
8
Actual Cost
Rate
Used
to
Obtain
Fair
Value
10
11
9
Fair
Value
12
Par Value
Book/Adjusted
Carrying Value
Change in Book/Adjusted Carrying Value
13
14
Unrealized
Valuation
Increase/
(Decrease)
Current
Year's
(Amortization)/
Accretion
Current
Year's
Other Than
Temporary
Impairment
Recognized
15
Total
Foreign
Exchange
Change in
B./A.C.V.
16
17
Rate
of
Effective
Rate
of
Interest
18
When
Paid
Dates
19
20
21
22
Admitted
Amount
Due and
Accrued
Amount
Received
During
Year
Acquired
Maturity
..............149,243 ........1.050 ..............157,992 ..............150,000 ..............149,243 ........................ ................115 .......................... ........................ ........4.875 .......4.710 Quarterly.............1,222
..............149,243 ....XXX...... ..............157,992 ..............150,000 ..............149,243 ....................0 ................115 .......................0 ....................0 ....XXX...... ....XXX.... .XXX.. .............1,222
..............149,243 ....XXX...... ..............157,992 ..............150,000 ..............149,243 ....................0 ................115 .......................0 ....................0 ....XXX...... ....XXX.... .XXX.. .............1,222
.............3,656 ######### #########
.............3,656 .....XXX.... .....XXX....
.............3,656 .....XXX.... .....XXX....
..............149,243 ....XXX...... ..............157,992 ..............150,000 ..............149,243
..............149,243 ....XXX...... ..............157,992 ..............150,000 ..............149,243
.............3,656 .....XXX.... .....XXX....
.............3,656 .....XXX.... .....XXX....
....................0
....................0
................115 .......................0
................115 .......................0
....................0 ....XXX...... ....XXX.... .XXX.. .............1,222
....................0 ....XXX...... ....XXX.... .XXX.. .............1,222
E10
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
Sch. D-Pt. 2-Sn. 1
NONE
Sch. D-Pt. 2-Sn. 2
NONE
Sch. D-Pt. 3
NONE
Sch. D-Pt. 4
NONE
Sch. D-Pt. 5
NONE
Sch. D-Pt. 6-Sn. 1
NONE
Sch. D-Pt. 6-Sn. 2
NONE
Sch. DA-Pt. 1
NONE
Sch. DB-Pt. A-Sn. 1
NONE
Sch. DB-Pt. A-Sn. 2
NONE
Sch. DB-Pt. A-Sn. 3
NONE
Sch. DB-Pt. B-Sn. 1
NONE
Sch. DB-Pt. B-Sn. 2
NONE
Sch. DB-Pt. B-Sn. 3
NONE
Sch. DB-Pt. C-Sn. 1
NONE
Sch. DB-Pt. C-Sn. 2
NONE
Sch. DB-Pt. C-Sn. 3
NONE
Sch. DB-Pt. D-Sn. 1
NONE
Sch. DB-Pt. D-Sn. 2
NONE
Sch. DB-Pt. D-Sn. 3
NONE
E11, E12, E13, E14, E15, E16, E17, E18, E19, E20, E21, E22, E23
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE DB - PART E - SECTION 1
Showing Counterparty Exposure for Derivative Instruments Open December 31 of Current Year
1
2
3
Description
Counterparty or Exchange
Traded
Master
Agreement
(Y or N)
Fair Value
of Acceptable
Collateral
4
Statement Value
5
6
7
Fair Value
8
9
Contracts
Statement
Value > 0
Contracts
Statement
Value < 0
Exposure Net
of Collateral
Contracts
Fair
Value > 0
Contracts
Fair
Value < 0
Exposure Net
of Collateral
E24
NONE
10
11
Potential
Exposure
Off-Balance
Sheet
Exposure
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
1
SCHEDULE E - PART 1 - CASH
2
3
7
Code
5
Amount of
Interest Accrued
December 31 of
Current Year
6
Rate
of
Interest
4
Amount of
Interest
Received
During Year
Depository
Open Depositories
Wachovia Bank Master.............................................. Sarasota, Florida.......................................................
Wachovia Bank Claims.............................................. Sarasota, Florida.......................................................
0199999. Total - Open Depositories..............................................................................................................
0399999. Total Cash on Deposit....................................................................................................................
0599999. Total Cash.....................................................................................................................................
Balance
*
.........
.........
.XXX.
.XXX.
.XXX.
..........................
..........................
..........XXX.........
..........XXX.........
..........XXX.........
.............................
.............................
..........................0
..........................0
..........................0
.............................
.............................
..........................0
..........................0
..........................0
..................265,067
.................(183,355)
....................81,712
....................81,712
....................81,712
XXX
XXX
XXX
XXX
XXX
TOTALS OF DEPOSITORY BALANCES ON THE LAST DAY OF EACH MONTH DURING THE CURRENT YEAR
1. January.................... ..............................125 4. April.......................... .......................861,111 7. July........................... .......................118,614 10. October.................. .......................416,661
2. February................... ..............................290 5. May.......................... .......................871,833 8. August...................... .......................186,171 11. November.............. .......................158,318
3. March....................... ..............................251 6. June......................... .......................553,291 9. September............... .......................355,877 12. December.............. .......................265,067
E25
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE E - PART 2 - CASH EQUIVALENTS
Show Investments Owned December 31 of Current Year
1
2
3
4
5
6
7
8
Description
Code
Date
Acquired
Rate of
Interest
Maturity
Book/Adjusted
Carrying Value
Amount of Interest
Due & Accrued
Amount Received
During Year
Other Cash Equivalents
Florida Department of Financial Services, Department of Treasury............................................................................................................. ......... 04/23/2009 ...........1.660 ................. ..................................................6,098,791 .......................................................11,447 .....................................................125,456
8599999. Total - Other Cash Equivalents.................................................................................................................................................... ....................................................................... ..................................................6,098,791 .......................................................11,447 .....................................................125,456
8699999. Total - Cash Equivalents............................................................................................................................................................. ....................................................................... ..................................................6,098,791 .......................................................11,447 .....................................................125,456
E26
Annual Statement for the year 2009 of the
FLORIDA SELECT INSURANCE COMPANY IN RECEIVERSHIP
SCHEDULE E - PART 3 - SPECIAL DEPOSITS
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
24.
25.
26.
27.
28.
29.
30.
31.
32.
33.
34.
35.
36.
37.
38.
39.
40.
41.
42.
43.
44.
45.
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
5801.
5802.
5803.
5898.
States, Etc.
Alabama.......................................AL
Alaska..........................................AK
Arizona........................................AZ
Arkansas.....................................AR
California.....................................CA
Colorado.....................................CO
Connecticut..................................CT
Delaware.....................................DE
District of Columbia.....................DC
Florida..........................................FL
Georgia.......................................GA
Hawaii...........................................HI
Idaho.............................................ID
Illinois............................................IL
Indiana..........................................IN
Iowa..............................................IA
Kansas........................................KS
Kentucky......................................KY
Louisiana......................................LA
Maine..........................................ME
Maryland.....................................MD
Massachusetts............................MA
Michigan.......................................MI
Minnesota...................................MN
Mississippi...................................MS
Missouri......................................MO
Montana......................................MT
Nebraska.....................................NE
Nevada........................................NV
New Hampshire...........................NH
New Jersey..................................NJ
New Mexico................................NM
New York.....................................NY
North Carolina.............................NC
North Dakota...............................ND
Ohio............................................OH
Oklahoma....................................OK
Oregon........................................OR
Pennsylvania...............................PA
Rhode Island.................................RI
South Carolina.............................SC
South Dakota...............................SD
Tennessee...................................TN
Texas...........................................TX
Utah.............................................UT
Vermont.......................................VT
Virginia........................................VA
Washington.................................WA
West Virginia..............................WV
Wisconsin.....................................WI
Wyoming.....................................WY
American Samoa.........................AS
Guam..........................................GU
Puerto Rico..................................PR
US Virgin Islands..........................VI
Northern Mariana Islands............MP
Canada........................................CN
Aggregate Alien and Other..........OT
Total.................................................
.........................................................
.........................................................
.........................................................
Summary of remaining write-ins for
line 58 from overflow page................
5899. Total (Lines 5801 thru 5803+5898)
(Line 58 above).................................
1
2
Type of
Deposit
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
............
...XXX..
...XXX..
Purpose of
Deposit
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
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........................................................................................
........................................................................................
........................................................................................
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........................................................................................
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........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
........................................................................................
....................................XXX............................................
....................................XXX............................................
NONE
Deposits for the
Benefit of All Policyholders
3
4
Book/Adjusted
Fair
Carrying Value
Value
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
............................ ............................
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.........................0 .........................0
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All Other Special Deposits
5
6
Book/Adjusted
Fair
Carrying Value
Value
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.........................0 .........................0
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DETAILS OF WRITE-INS
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...XXX.. ....................................XXX............................................ .........................0 .........................0 .........................0 .........................0
...XXX.. ....................................XXX............................................ .........................0 .........................0 .........................0 .........................0
E27
ACTUARIAL OPINION SUMMARY
*10663200944100100*