Admitted Assets Law and Legal Definition
Admitted assets are assets which the state laws permitted be added in the annual statement of an insurance company. Such permitted assets help to measure the solvency of insurers and reinsurers. State statutory accounting rules allow only certain assets that can be sold easily in the event of liquidation or borrowed against, and receivables for which payment can be reasonably anticipated, to be included in the balance sheet. These types of assets include mortgages, stocks, bonds and real estate.
