in the life and accident and health insurance industry , the liabilities for claims and the related expensing of those liabilities are evaluated and recorded using estimates of claim liabilities . the company estimates its claim liabilities using the general methodology described herein . the liability for claims generally consists of the following : ( 1 ) due and unpaid claims , ( 2 ) claims in the course of settlement , and ( 3 ) claims incurred but unreported . the company records the actual liability for all claims that are due but unpaid , item ( 1 ) . but , with regard to the last items ( 2 ) and ( 3 ) , the company must make estimates . the estimates are based on actuarial principles . the company 's independent consulting actuary works with company financial personnel and management in determining the estimates and the independent consulting actuary annually gives the company a certification as to the amounts of the liabilities . the company calculates and maintains claim liabilities for the estimated future payments on claims incurred before the statement date . these calculations are based on actuarial principles in accordance with industry standards and applicable gaap requirements . development of such liabilities is done with company financial personnel and management working with the company 's independent consulting actuary . these liabilities involve many considerations including but not limited to economic and social conditions , inflation , and healthcare costs . the claim liabilities developed include significant estimates and assumptions based on management 's review of historical experience in consultation with its independent actuary . the extent to which future payments match the claims liabilities is dependent on how well actual future experience matches the assumptions management makes regarding the future experience . the company 's liabilities are estimates that require significant judgment and , therefore , are inherently uncertain . it is common in the life and accident and health insurance industry for a consulting actuary to give either ( a ) a liability certification where the liabilities are expressed as a range of numbers for each relevant liability ( the “ range estimate ” ) , or ( b ) a 12 liability certification where the liabilities are expressed as a single number for each relevant liability ( the “ single point estimate ” ) . where the range estimate method is used , the management of an insurance company makes its own choice to record an amount within the range . the company does not use the range estimate for any of its insurance products . instead , for all of its insurance products , the company uses the single point estimate . for the company 's group and individual dental insurance , the company 's financial personnel develop and make a single point estimate for the claim liabilities which work results in the company 's single point estimate for the end of each fiscal quarter and year end . the company 's independent consulting actuary develops and makes its separate single point estimate for such liabilities . the company 's financial personnel and independent consulting actuary compare their single point estimates , reconcile any differences and agree on a single point estimate for such liabilities . annually , the company 's independent consulting actuary gives a single point estimate liability certification to the company with the agreed amount and the company uses such certified amount without change . for the company 's group and individual life and annuity insurance , the company 's financial personnel make the single point estimate for each such claim liability . annually , the company 's consulting actuary independently reviews the single point estimates . if the independent consulting actuary agrees with the single point estimates , he gives a certification to the company . the company 's financial personnel have significant experience and knowledge in developing claim estimates for the company 's insurance products . however , the company 's financial personnel are not formally trained , certified or recognized as actuaries . the company continually engages independent consulting actuaries . the company makes extensive use of its independent consulting actuaries which includes the actuaries ' assistance in the development and creation of policy assumptions , the development and modification of reserve and claim liability methodologies and assumptions , estimations and calculations of reserves and claim liabilities , and the annual certification of the amount of the company 's liabilities for its products . while claim liabilities are estimated as an inherent part of the insurance industry , management of the company believes that it follows standard industry practices in estimating claim liabilities . the following discussions of claim liability methodology are separated by the company 's product types as indicated by the section headings . dental insurance - group and individual for the company 's group and individual dental insurance policies , the company and its independent consulting actuary use a completion factor approach ( sometimes referred to as the development method ) which provides best estimates of the factors to determine claim liabilities . in implementing the completion factor approach , a review of payment history develops the completion factors . these completion factors relate what percentage of an ultimate claim is paid based upon its duration from date of service . such completion factors are monitored over time and have been relatively stable . the completion factors are used to estimate the liabilities for the months in which the claims are incurred where they are deemed to be credible . however , with respect to claims incurred in the most recent months , the completion factors may not be fully credible ( the payment history is not complete ) . so , as is common in the industry , a review is made of developing claims per insured by month and loss ratios by month for the most recent months . story_separator_special_tag we believe liquid assets , along with investment income , premium income and marketing fees will be sufficient to meet our long and short-term liquidity needs . we do not have any current plans to borrow money for operations . bnlac reports to state regulatory authorities on a statutory accounting basis that differs from the basis used herein . due to an arkansas regulatory requirement associated with the redomestication in 1994 , bnlac must maintain a minimum of $ 2,300,000 in capital and surplus . additionally , each state in which bnlac is licensed has statutory minimum capital requirements required for maintaining its license to sell . minimum capital and surplus requirements vary from $ 300,000 to as much as $ 5,000,000 in the states in which bnlac is licensed . results of operations premium income was $ 44,646,393 in 2006 , $ 44,303,827 in 2005 and $ 42,451,319 in 2004. the increase in 2006 was due to new sales of group dental insurance which was offset by approximately a $ 1.1 million reduction in group dental premium due to the termination of an agreement between the company and southeast managers , inc. ( “ semi ” ) . this agreement allowed semi to market a dental product of bnlac 's in tennessee and the company received 5.0 % of premium revenue with no exposure to underwriting losses . as part of the termination agreement , the block of business was transferred to another company associated with semi . the increase of 4 % in 2005 was due to new sales of group dental insurance and increased group and individual dental renewal premiums net investment income was $ 1,191,583 in 2006 , $ 1,003,613 in 2005 and $ 975,485 in 2004 , an increase of 18 % in 2006 , and an increase of 3 % in 2005. the increase in 2006 was primarily due to delinquent interest received on bonds previously in default and an increase in fixed maturities investment yield . the increase in 2005 was d ue to an increase in investment in fixed maturities and an increase in interest rates . continued profitability and stable or increased interest rates in subsequent years , will permit the company to invest its profits in fixed maturities and continue the trend of increased investment income . the company receives marketing fees from ebi per the marketing agreement mentioned above . the company received marketing fees of $ 143,315 in 2006 , $ 115,233 in 2005 and $ 165,275 in 2004. t he decrease in marketing fees in 2005 compared to 2006 and 2004 is due to reduced operating income at ebi . bnlac markets group and individual vision insurance products that are underwritten by other insurance companies , on which bnlac does not have any exposure to underwriting ( claims ) losses . the company had vision insurance income of $ 1,603,767 , $ 1,051,720 and $ 695,046 in 2006 , 2005 and 2004 , respectively . the vision income increased by 49 % and 51 % in 2006 and 2005 , respectively , primarily due to the addition of group voluntary vision plans . the company had a realized gain on debt extinguishments of $ 35,732 in 2006 , $ 102,067 in 2005 and $ 495,462 in 2004 due to the purchase of debentures payable at less than par value . the company purchased fewer debentures in 2006 and 2005 than it did in 2004 , which resulted in less realized gain in debt extinguishments . 19 realized capital gains and ( losses ) on investments were $ 25,547 in 2006 , $ 37,816 in 2005 and $ 124,078 in 2004. the realized gain in 2006 and 2005 was primarily from the sale of equity securities . the realized gain in 2004 is primarily from the sale of u.s. treasury bonds . increases in liability for future policy benefits were ( $ 123,066 ) , $ 308,563 and $ 687,619 in 2006 , 2005 and 2004 , respectively . the decrease in future policy benefits in 2006 was primarily due to the decrease in future policy benefits liability as a result of the terminated agreement between the company and semi mentioned above . as part of the termination agreement , the block of business was transferred to another company associated with semi and the liability for future policy benefits was reduced by $ 95,000. the decrease in expense was also due to a reduction in life liabilities from an increase in surrenders on a seasoned block of life policies . the $ 308,563 in 2005 is comprised primarily of an increase in unearned premium liabilities on group and individual dental business . in 2004 , a future policy benefit reserve amount of $ 611,410 was booked for individual dental policies then in force . this amount included additional reserves for the individual dental policies issued in 2001 , 2002 and 2003 , which remained in force ( not terminated ) in 2004 and also included reserves for individual dental policies issued in 2004. the company began issuing individual dental policies in 2001 as a new product . the company 's calculations indicate that in 2004 the company recorded individual dental policy cumulative gross benefit reserves for policies issued prior to 2004 in the amount of $ 280,292 and the combined after-tax charge for those policies was $ 181,699 ( $ .01 per share of common stock ) which was accounted for as a change in estimate . for the year ended december 31 , 2004 , the after-tax effect of recording the liabilities , including the cumulative change in estimate , was calculated to have been a decrease in net income of approximately $ 378,000 ( $ .02 per share of common stock ) . policy benefits and other insurance costs increased from $ 31,766,217 in 2004 , to $ 33,317,136 in 2005 and increased to $ 34,374,507 in 2006. the increase in 2005 was primarily due to

liquidity and capital resources at december 31 , 2006 the company had liquid assets of $ 1,673,058 in cash , receivable on fixed securities , money market savings accounts , and short-term certificates of deposit . all of the non-cash liquid assets can readily be converted into cash . the major components of operating cash flows are premiums and investment income while policy benefits are the most significant cash outflow . in 2006 , bnlac collected approximately $ 44.8 million of premiums and annuity deposits ( gross before reinsurance ) and realized $ 1,005,775 of net investment income . another source of cash flow in 2006 was overwrite commissions of $ 1,603,767 on vision products . during the year the company incurred $ 34,374,507 in policy benefits and other insurance costs . the net cash flow for 2006 was $ 726,786 versus operating income of $ 3,082,645. the difference is primarily due to the purchase of $ 1,297,948 of the company 's treasury stock , a decrease in annuity deposits of approximately $ 350,367 , the purchase of fixed assets and leasehold improvements of $ 269,487 and purchase of bonds payable and equity securities totaling $ 294,744 . approximately $ 596,800 of the bond portfolio is classified as available for sale and carried on the balance sheet at market value with the unrealized gain or loss recorded in the surplus section of the balance sheet . the bonds include ; automobile bonds , government agencies and u. s. treasury bonds that have unrealized profits . the company may sell these bonds before they mature .


 Write a concise suspicious activity report of the following text delimited by triple backquotes. Return your response as a formal report which covers the key points highlighting the location,dates,entity names and account holder information in chronological order of the text.
     ```liquidity and capital resources at december 31 , 2006 the company had liquid assets of $ 1,673,058 in cash , receivable on fixed securities , money market savings accounts , and short-term certificates of deposit . all of the non-cash liquid assets can readily be converted into cash . the major components of operating cash flows are premiums and investment income while policy benefits are the most significant cash outflow . in 2006 , bnlac collected approximately $ 44.8 million of premiums and annuity deposits ( gross before reinsurance ) and realized $ 1,005,775 of net investment income . another source of cash flow in 2006 was overwrite commissions of $ 1,603,767 on vision products . during the year the company incurred $ 34,374,507 in policy benefits and other insurance costs . the net cash flow for 2006 was $ 726,786 versus operating income of $ 3,082,645. the difference is primarily due to the purchase of $ 1,297,948 of the company 's treasury stock , a decrease in annuity deposits of approximately $ 350,367 , the purchase of fixed assets and leasehold improvements of $ 269,487 and purchase of bonds payable and equity securities totaling $ 294,744 . approximately $ 596,800 of the bond portfolio is classified as available for sale and carried on the balance sheet at market value with the unrealized gain or loss recorded in the surplus section of the balance sheet . the bonds include ; automobile bonds , government agencies and u. s. treasury bonds that have unrealized profits . the company may sell these bonds before they mature .
```    
 Suspicious Activity Report : in the life and accident and health insurance industry , the liabilities for claims and the related expensing of those liabilities are evaluated and recorded using estimates of claim liabilities . the company estimates its claim liabilities using the general methodology described herein . the liability for claims generally consists of the following : ( 1 ) due and unpaid claims , ( 2 ) claims in the course of settlement , and ( 3 ) claims incurred but unreported . the company records the actual liability for all claims that are due but unpaid , item ( 1 ) . but , with regard to the last items ( 2 ) and ( 3 ) , the company must make estimates . the estimates are based on actuarial principles . the company 's independent consulting actuary works with company financial personnel and management in determining the estimates and the independent consulting actuary annually gives the company a certification as to the amounts of the liabilities . the company calculates and maintains claim liabilities for the estimated future payments on claims incurred before the statement date . these calculations are based on actuarial principles in accordance with industry standards and applicable gaap requirements . development of such liabilities is done with company financial personnel and management working with the company 's independent consulting actuary . these liabilities involve many considerations including but not limited to economic and social conditions , inflation , and healthcare costs . the claim liabilities developed include significant estimates and assumptions based on management 's review of historical experience in consultation with its independent actuary . the extent to which future payments match the claims liabilities is dependent on how well actual future experience matches the assumptions management makes regarding the future experience . the company 's liabilities are estimates that require significant judgment and , therefore , are inherently uncertain . it is common in the life and accident and health insurance industry for a consulting actuary to give either ( a ) a liability certification where the liabilities are expressed as a range of numbers for each relevant liability ( the “ range estimate ” ) , or ( b ) a 12 liability certification where the liabilities are expressed as a single number for each relevant liability ( the “ single point estimate ” ) . where the range estimate method is used , the management of an insurance company makes its own choice to record an amount within the range . the company does not use the range estimate for any of its insurance products . instead , for all of its insurance products , the company uses the single point estimate . for the company 's group and individual dental insurance , the company 's financial personnel develop and make a single point estimate for the claim liabilities which work results in the company 's single point estimate for the end of each fiscal quarter and year end . the company 's independent consulting actuary develops and makes its separate single point estimate for such liabilities . the company 's financial personnel and independent consulting actuary compare their single point estimates , reconcile any differences and agree on a single point estimate for such liabilities . annually , the company 's independent consulting actuary gives a single point estimate liability certification to the company with the agreed amount and the company uses such certified amount without change . for the company 's group and individual life and annuity insurance , the company 's financial personnel make the single point estimate for each such claim liability . annually , the company 's consulting actuary independently reviews the single point estimates . if the independent consulting actuary agrees with the single point estimates , he gives a certification to the company . the company 's financial personnel have significant experience and knowledge in developing claim estimates for the company 's insurance products . however , the company 's financial personnel are not formally trained , certified or recognized as actuaries . the company continually engages independent consulting actuaries . the company makes extensive use of its independent consulting actuaries which includes the actuaries ' assistance in the development and creation of policy assumptions , the development and modification of reserve and claim liability methodologies and assumptions , estimations and calculations of reserves and claim liabilities , and the annual certification of the amount of the company 's liabilities for its products . while claim liabilities are estimated as an inherent part of the insurance industry , management of the company believes that it follows standard industry practices in estimating claim liabilities . the following discussions of claim liability methodology are separated by the company 's product types as indicated by the section headings . dental insurance - group and individual for the company 's group and individual dental insurance policies , the company and its independent consulting actuary use a completion factor approach ( sometimes referred to as the development method ) which provides best estimates of the factors to determine claim liabilities . in implementing the completion factor approach , a review of payment history develops the completion factors . these completion factors relate what percentage of an ultimate claim is paid based upon its duration from date of service . such completion factors are monitored over time and have been relatively stable . the completion factors are used to estimate the liabilities for the months in which the claims are incurred where they are deemed to be credible . however , with respect to claims incurred in the most recent months , the completion factors may not be fully credible ( the payment history is not complete ) . so , as is common in the industry , a review is made of developing claims per insured by month and loss ratios by month for the most recent months . story_separator_special_tag we believe liquid assets , along with investment income , premium income and marketing fees will be sufficient to meet our long and short-term liquidity needs . we do not have any current plans to borrow money for operations . bnlac reports to state regulatory authorities on a statutory accounting basis that differs from the basis used herein . due to an arkansas regulatory requirement associated with the redomestication in 1994 , bnlac must maintain a minimum of $ 2,300,000 in capital and surplus . additionally , each state in which bnlac is licensed has statutory minimum capital requirements required for maintaining its license to sell . minimum capital and surplus requirements vary from $ 300,000 to as much as $ 5,000,000 in the states in which bnlac is licensed . results of operations premium income was $ 44,646,393 in 2006 , $ 44,303,827 in 2005 and $ 42,451,319 in 2004. the increase in 2006 was due to new sales of group dental insurance which was offset by approximately a $ 1.1 million reduction in group dental premium due to the termination of an agreement between the company and southeast managers , inc. ( “ semi ” ) . this agreement allowed semi to market a dental product of bnlac 's in tennessee and the company received 5.0 % of premium revenue with no exposure to underwriting losses . as part of the termination agreement , the block of business was transferred to another company associated with semi . the increase of 4 % in 2005 was due to new sales of group dental insurance and increased group and individual dental renewal premiums net investment income was $ 1,191,583 in 2006 , $ 1,003,613 in 2005 and $ 975,485 in 2004 , an increase of 18 % in 2006 , and an increase of 3 % in 2005. the increase in 2006 was primarily due to delinquent interest received on bonds previously in default and an increase in fixed maturities investment yield . the increase in 2005 was d ue to an increase in investment in fixed maturities and an increase in interest rates . continued profitability and stable or increased interest rates in subsequent years , will permit the company to invest its profits in fixed maturities and continue the trend of increased investment income . the company receives marketing fees from ebi per the marketing agreement mentioned above . the company received marketing fees of $ 143,315 in 2006 , $ 115,233 in 2005 and $ 165,275 in 2004. t he decrease in marketing fees in 2005 compared to 2006 and 2004 is due to reduced operating income at ebi . bnlac markets group and individual vision insurance products that are underwritten by other insurance companies , on which bnlac does not have any exposure to underwriting ( claims ) losses . the company had vision insurance income of $ 1,603,767 , $ 1,051,720 and $ 695,046 in 2006 , 2005 and 2004 , respectively . the vision income increased by 49 % and 51 % in 2006 and 2005 , respectively , primarily due to the addition of group voluntary vision plans . the company had a realized gain on debt extinguishments of $ 35,732 in 2006 , $ 102,067 in 2005 and $ 495,462 in 2004 due to the purchase of debentures payable at less than par value . the company purchased fewer debentures in 2006 and 2005 than it did in 2004 , which resulted in less realized gain in debt extinguishments . 19 realized capital gains and ( losses ) on investments were $ 25,547 in 2006 , $ 37,816 in 2005 and $ 124,078 in 2004. the realized gain in 2006 and 2005 was primarily from the sale of equity securities . the realized gain in 2004 is primarily from the sale of u.s. treasury bonds . increases in liability for future policy benefits were ( $ 123,066 ) , $ 308,563 and $ 687,619 in 2006 , 2005 and 2004 , respectively . the decrease in future policy benefits in 2006 was primarily due to the decrease in future policy benefits liability as a result of the terminated agreement between the company and semi mentioned above . as part of the termination agreement , the block of business was transferred to another company associated with semi and the liability for future policy benefits was reduced by $ 95,000. the decrease in expense was also due to a reduction in life liabilities from an increase in surrenders on a seasoned block of life policies . the $ 308,563 in 2005 is comprised primarily of an increase in unearned premium liabilities on group and individual dental business . in 2004 , a future policy benefit reserve amount of $ 611,410 was booked for individual dental policies then in force . this amount included additional reserves for the individual dental policies issued in 2001 , 2002 and 2003 , which remained in force ( not terminated ) in 2004 and also included reserves for individual dental policies issued in 2004. the company began issuing individual dental policies in 2001 as a new product . the company 's calculations indicate that in 2004 the company recorded individual dental policy cumulative gross benefit reserves for policies issued prior to 2004 in the amount of $ 280,292 and the combined after-tax charge for those policies was $ 181,699 ( $ .01 per share of common stock ) which was accounted for as a change in estimate . for the year ended december 31 , 2004 , the after-tax effect of recording the liabilities , including the cumulative change in estimate , was calculated to have been a decrease in net income of approximately $ 378,000 ( $ .02 per share of common stock ) . policy benefits and other insurance costs increased from $ 31,766,217 in 2004 , to $ 33,317,136 in 2005 and increased to $ 34,374,507 in 2006. the increase in 2005 was primarily due to

