admitted asset

Definition of "admitted asset"
  1. An asset that is recognized by law as a part of the financial stability of an insurance company
How to use "admitted asset" in a sentence
  1. The state insurance department frequently reviews the admitted assets of an insurance company to ensure its solvency.
  2. Because of its monetary value and liquidity, real estate is often considered an admitted asset by insurance companies.
  3. An insurance company must maintain an adequate level of admitted assets to cover its potential liabilities.

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