What changed in this filing

/stocks — the workspaceLOADING

Item 9A. Controls and Procedures

2024-03-29 compared with 2023-03-31 · 35 added, 30 removed, 105 unchanged (38% of the section changed)

11 unchanged sentences

and includes those policies and procedures that:

to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of assets

of the Company,

reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with

GAAP, and that receipts and expenditures are being made only in accordance with authorizations of management and the Board of Directors

of the Company, and provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition

of the Company’s assets that could have a material effect on the financial statements.

to the maintenance of records that, in reasonable detail, accurately and fairly reflect the

transactions and dispositions of assets of the Company,

reasonable assurance that transactions are recorded as necessary to permit preparation of

financial statements in accordance with GAAP, and that receipts and expenditures are being

made only in accordance with authorizations of management and the Board of Directors of the

Company, and provide reasonable assurance regarding prevention or timely detection of unauthorized

acquisition, use, or disposition of the Company’s assets that could have a material

effect on the financial statements.

of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.

7 unchanged sentences

reporting was effective as of December 31, 2023.

Based on that assessment management believes that at December 31, 2022, the Company’s

Based on that assessment management believes that as of December 31, 2023, the Company’s

internal control over financial reporting was effective.

8 unchanged sentences

Other Information

portion of the Company’s directors’ and officers’ compensation is in the form of equity awards and, from time to time,

they may engage in open-market transactions with respect to their Company securities for diversification or other personal reasons.

such transactions in Company securities by directors and officers must comply with the Company’s Insider Trading Policy, which

requires that transactions be in accordance with applicable U.S.

federal securities laws that prohibit trading while in possession of

material nonpublic information.

Rule 10b5-1 under the Exchange Act provides an affirmative defense that enables directors and officers

to prearrange transactions in the Company’s securities in a manner that avoids concerns about initiating transactions while in

possession of material nonpublic information.

During the three months ended December 31, 2023, no directors or officers adopted or terminated

a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement”, as each term is defined in Item

408(a) of Regulation S-K.

Disclosure Regarding Foreign Jurisdictions that Prevent Inspections

8 unchanged sentences

Financial Statement Schedules

Valuation and Qualifying Accounts

other schedules to the consolidated financial statements required by Article 7 of Regulation S-X are not required under the related instructions

11 unchanged sentences

Stock Repurchase Plan (5)

2022 Equity Incentive Plan

Code of Business Conduct and Ethics (6)

Insider Trading Policy

Clawback Policy

Subsidiaries of the Registrant

29 unchanged sentences

Registrant and in the capacities and on the dates indicated:

of the Board, President, and Chief Executive

Officer (Principal Executive Officer)

March 31, 2023

Financial Officer and Treasurer

(Principal Financial and Accounting Officer)

March 31, 2023

of the Board, President,

Chief Executive Officer

Executive Officer)

Financial Officer and

(Principal Financial

Accounting Officer)

President and Director

11 unchanged sentences

Life Insurance in force ($000)

$ 3,322,062 (1)

$ 3,100,087 (1)

Life Insurance

$ 105,697,658

$ 104,459,262

Accident and Health Insurance

2 unchanged sentences

$ 105,001,640

NATIONAL FINANCIAL CORPORATION

and Qualifying Accounts

Other Items and

Reclassifications

For the Year Ended December 31, 2022

Accumulated depreciation on real estate held for investment

Allowance for losses on mortgage loans held for investment

Accumulated depreciation on property and equipment

Allowance for doubtful accounts on receivables

Allowance for doubtful accounts on other investments

For the Year Ended December 31, 2021

Accumulated depreciation on real estate held for investment

Allowance for losses on mortgage loans held for investment

Accumulated depreciation on property and equipment

Allowance for doubtful accounts on receivables

Allowance for doubtful accounts on other investments

(1) The prior year

has been adjusted to include accidental death benefit insurance in force that was inadvertently excluded.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 9A. Controls and Procedures