I know of no utility to print out system policy. Group policy reports can be created with FAZAM 2000. And for Windows Server 2003 and XP through the RSOP snap in, (native) and Group Policy Management console. Check this download from Microsoft: http://www.microsoft.com/downloads/details.aspx?FamilyId=F39E9D60-7E41-4947-82F5-3330F37ADFEB&displaylang=en.
This was first published in November 2003