Admitted Assets

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.
References in periodicals archive ?
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.