admitted assets

admitted assets definition - business

admitted assets

In insurance, assets that are permitted by state insurance regulators in determining whether an insurance or reinsurance company is solvent. Only admitted assets may be listed on an insurance company's balance sheet.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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