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Admitted Assets |
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Admitted Assets In the United States, assets that a state permits an insurance company to include on its balance sheet. Admitted assets vary state to state, but they must be both liquid and able to be valued; they are important to determining an insurance company's solvency in the event an unusually large number of claims are made. Admitted assets usually include mortgages, stocks, bonds and accounts receivable that the company reasonably expects to be paid. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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