Definition of "Inadmitted asset"

Craig Conroy real estate agent
Craig Conroy, Real Estate Agent Endless Summer Realty

Asset excluded from the financial statements submitted to the state insurance examiner because the asset has virtually no value in meeting claims in the event the insurance company must be liquidated. Also called non admitted asset.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions