Insurance Glossary

Insurance Term - Total Admitted Assets

Total admitted assets is the sum of all admitted assets and are valued in accordance with state laws and regulations across USA, as reported by the company in its financial statements filed with state insurance regulatory authorities. This item is reported net as to encumbrances on real estate (the amount of any encumbrances on real estate is deducted from the value of the real estate) and net as to amounts recoverable from re-insurers (which are deducted from the corresponding liabilities for un-paid losses and unearned premiums).

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