What specifically does Schedule T report?

Schedule T specifically reports the direct premiums written by an insurance company in each state. This schedule is essential for insurance regulators and market analysts as it provides insights into the distribution of insurance business across different jurisdictions.

By tracking direct premiums written, Schedule T helps stakeholders understand market share, evaluate the competitive landscape, and assess the performance of insurance companies in various states. It plays a crucial role in regulatory oversight, ensuring compliance with state insurance laws and helping in the analysis of market trends.

The importance of this schedule lies in its ability to provide valuable data on the business volume, allowing the industry and regulators to make informed decisions regarding market participation and risk assessment.