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.
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The State Fund's audited 2012 balance sheet (the most recent available at the time of this writing) shows the transferred sums from the 1989 and earlier raids as an admitted asset in the amount of $1,295 billion, and identified simply as a "Contingent receivable from New York State.
Life companies may also acquire or construct housing projects provided the aggregate book value of the investments in such projects shall not exceed 25 percent of the total admitted assets of the company on the 31st day of December next preceding (Section 208 [a]).
leads the list of largest life/annuity companies ranked by total admitted assets, with $396 billion in total admitted assets as of year-end 2016 (in 2017 MetLife separated its U.
The group had over $300 million in June 30, 2014 in total admitted assets and almost $149 million of policyholder surplus.
Originally, drafters suggested that insurers should wait 90 days before treating amounts from any of the risk-management programs as admitted assets.
Aviva USAa[euro](tm)s life insurance business had some USD10bn of statutory admitted assets as of the end of 2013 and includes business written by Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York, Athene added.
Aviva USA's life insurance business had some USD10bn of statutory admitted assets as of the end of 2013 and includes business written by Aviva Life and Annuity Company and Aviva Life and Annuity Company of New York, Athene added.
16) Performance (measured by ROA) varies little across the three ownership structures, but size (measured either by admitted assets or total premiums) varies substantially.
Net admitted assets for the top 200 companies grew 9% in 2007 to $4.
In Florida, for example, insurers can invest up to 15 percent of their admitted assets in common or preferred stock, and up to 13 percent of admitted assets in medium- or lower-grade obligations.
The latest draft of the model law, the "Investments of Insurers Model Act," would set loan-to-value (LTV) ratio ceilings on mortgages secured by real estate; limit investments in mortgages covering any one secured location; cap the percentage of mortgages issued to any one borrower; restrict aggregate investments in mortgages based upon a percentage of admitted assets; and prohibit an insurer from investing in income-producing equity real estate beyond a specified percentage of admitted assets.
At December 31, 2011, it had admitted assets of approximately $834 million, net insurance in force of approximately $5.