Our business units are supported by our insurance company subsidiaries. Effective June 1, 2016 we ceased marketing new or renewal occupational accident policies. The Personal Segment consists solely of our Specialty Personal Lines business unit. Professional Liability business unit. We charge installment fees of up to $7.50 per payment for the installment payment plan. Ceded reinsurance involves credit risk and is generally subject to aggregate loss limits. A.M. Best does not assign a financial strength rating or an issuer credit rating to TBIC. An "A–" rating is the fourth highest of 15 rating categories used by A.M. Best. As a county mutual, dividends from HCM are payable to policyholders. Many of these factors are not quantifiable. If that happened, our sales and earnings would decrease. Accordingly, we bear credit risk with respect to our reinsurers. Failure to meet these requirements could subject us to regulatory action. The court has not yet ruled on that motion. The Company's current policy is to expense legal costs as incurred. On July 21, 2020, the court appointed Rajeev Yalamanchili as Lead Plaintiff. Lead Plaintiff filed an Amended Complaint on September 30, 2020. The litigation is in its initial stages. HCM does not retain any business. This hierarchy requires the use of observable market data when available. We have not adjusted any prices received from third-party pricing sources. We routinely evaluate the realizability of deferred policy acquisition costs. Deferred income tax assets and liabilities. We file a consolidated federal income tax return. Such adjustments are included in current operations. The Company's debt to capital ratio was 38% as of December 31, 2020. 1 to the registrant's Registration Statement on Form S-1 [Registration No. Intercompany accounts and transactions have been eliminated. We adjust such estimates and assumptions when facts and circumstances dictate. Goodwill and intangible assets with an indefinite useful life are not amortized. Some of these leases include rent escalation provisions throughout the term of the lease. Depreciation expense for 2020 and 2019 was $3.3 million and $3.0 million, respectively. These estimates are subject to the effects of trends in loss severity and frequency. Insurance policy fees are earned as of the effective date of the policy. Upon cancellation, any unearned premium is refunded to the insured. We adopted the standard on its effective date of January 1, 2019. 9679;Standard Commercial Segment. F-23 ●Personal Segment. A corridor approach is used to amortize actuarial gains and losses. I have reviewed this annual report on Form 10-K of Hallmark Financial Services, Inc.;2. This may include the reinsurance ceded and recoveries related information of the Entity. Regulatory Capital Restrictions Regulatory Capital Restrictions [Table]. Additionally, ASU 2016-02 modifies current guidance for lessors\' accounting.
