Ranked by 2018
admitted assets. ($ Thousands) 2018 2017 Company/Group AMB# Total Adm.
The IC said the aggregate placement of a life insurance company or mutual benefit association in REITs should not exceed 10 percent of its total
admitted assets, while that of a non-life insurance company or professional reinsurance company should not exceed 20 percent of its net worth.
2019-27 issued on June 21, the IC said REITs could be
admitted assets of insurance firms and mutual benefit associations (MBAs); for preneed providers, REITs can be allowable investments.
Under the new regulation, REIT must have prior approval of the Securities and Exchange Commission and shall be limited to publicly-listed REIT only for the investment to be treated as
admitted assets of an insurance or pre-need company.
Under the new IC regulation, REIT must have prior approval of the Securities and Exchange Commission and shall be limited to publicly-listed companies only for it to be treated as
admitted assets of an insurance or pre-need company.
At September 30, 2018 Tri-State had net
admitted assets of USD 105.4m and statutory surplus of USD 44.4m.
At September 30, 2018 Tri-State had net
admitted assets of $105.4M and statutory surplus of $44.4M.
30, 2018, the group had more than $370 million in total
admitted assets and more than $184 million of policyholder surplus.
Berkshire Hathaway Specialty Insurance (BHSI) is an insurance industry leader drawing on the strength of Berkshire Hathaway's National Indemnity group of insurance companies which have $269.3 billion in total
admitted assets, $156.6 billion in policyholder surplus.
In his written order, the RO stated in the order that Mr Patel has suppressed material facts from this office and undervalued his
admitted assets.
"I [returning officer] am of the considered view that Mr Patel has suppressed material facts from this office and undervalued his
admitted assets, which amounts [to] misstatement in his form/affidavit," the notification reads.
According to a notification issued in this regard, the returning officer stated that Patel suppressed material facts and undervalued his
admitted assets, which amounts to a misstatement in his formaffidavit.