Assets recognized and accepted by state insurance laws in determining the solvency of insurers and reinsurers. To make it easier to assess an insurance company’s financial position, state statutory accounting rules do not permit certain assets to be included on the balance sheet. Only assets that can be easily sold in the event of liquidation or borrowed against, and receivables for which payment can be reasonably anticipated, are included in admitted assets.
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About this Entry
This page contains a single entry by David published on July 10, 2005 10:59 PM.
ADJUSTER was the previous entry in this blog.
ADMITTED COMPANY is the next entry in this blog.
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