- Admitted Assets
- Assets of an insurance company that are permitted by state law to be included in the company's financial statements. Although each state has discretion over its own insurance laws, there is a general consensus over which assets are suitable to use when determining the insurance company's solvency.
Admitted assets generally include assets that are liquid and whose value can be assessed, or receivables that can reasonably be expected to be paid. Since admitted assets are a critical component for computing capital adequacy to state insurance regulators, they have a much narrower definition than might be applied under generally accepted accounting principles (GAAP).
Investment dictionary. Academic. 2012.
Look at other dictionaries:
admitted assets — A technical term of the insurance business, meaning assets of art insurance company so approved by state regulatory agencies as to permit their being taken into account in setting forth the financial condition of the company … Ballentine's law dictionary
assets — The property of a natural person or a corporation, real or personal, corporeal or incorporeal, especially property which is subject to seizure under and sale under process for payment of debts. See admitted assets; assets of a debtor; assets of a … Ballentine's law dictionary
net assets — noun plural 1. : the excess of value of resources over liabilities to creditors called also net worth 2. : admitted assets * * * the total assets of a business minus its total liabilities. Also called net worth. * * * net assets plural noun The… … Useful english dictionary
АКТИВЫ ДОПУЩЕННЫЕ — ADMITTED ASSETSПри составлении ОТЧЕТА СТРАХОВОЙ КОМПАНИЕЙ отделу страхования штата предоставляются сведения только по А.д., т. е. активам, к рые могут быть отражены в соответствии со страховыми законами штата и предписаниями ведомствОднако… … Энциклопедия банковского дела и финансов
asset — as·set / a ˌset, sət/ n [back formation from assets, singular, sufficient property to pay debts and legacies, from Anglo French asetz, from Old French asez enough] 1: the entire property of a person, business organization, or estate that is… … Law dictionary
Erie Insurance Group — Infobox Company company name = Erie Insurance Group company company type = Public (NASDAQ|ERIE) foundation = 1925 location = Erie, Pennsylvania flagicon|USA key people = Terrence W. Cavanaugh (CEO) num employees = 4,250 industry = Insurance… … Wikipedia
Oklahoma Insurance Commissioner — Oklahoma This article is part of the series: Politics and government of Oklahoma … Wikipedia
japan — japanner, n. /jeuh pan /, n., adj., v., japanned, japanning. n. 1. any of various hard, durable, black varnishes, originally from Japan, for coating wood, metal, or other surfaces. 2. work varnished and figured in the Japanese manner. 3. Japans,… … Universalium
Japan — /jeuh pan /, n. 1. a constitutional monarchy on a chain of islands off the E coast of Asia: main islands, Hokkaido, Honshu, Kyushu, and Shikoku. 125,716,637; 141,529 sq. mi. (366,560 sq. km). Cap.: Tokyo. Japanese, Nihon, Nippon. 2. Sea of, the… … Universalium
United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… … Universalium