Admitted assets definition
Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).
Admitted assets means, for purposes of the limitations and standards imposed by Articles 1 and 2
Admitted assets means assets recognized by the superintendent pursuant to section 901‑A. For purposes of this chapter, the asset value is that contained in the annual statement of the corporation as of December 31st of the year preceding the making of the investment or contained in any audited financial report, as defined in section 221‑A, of more current origin.
Examples of Admitted assets in a sentence
Admitted assets are assets that are allowed by the law to be part of assets that will be part of the bases in determining the financial conditions of the insurance company.
Admitted assets of Life Reassurance as of the Calculation Date $__________ B.
Asset Categories: Maximum % of Admitted Assets1 Direct Short Term Investments2 20% Government Bonds 100% Corporate Bonds 100% Mortgage-Backed Securities 20%3 Asset-Backed Securities 20% Convertible Bonds and Bonds w/Warrants 5% Convertible Preferreds 5% 1 Admitted assets are those assets reported as of the last day of the most recently concluded annual statement year adjusted pursuant to Section 1405(b) of the New York Insurance Law.
More Definitions of Admitted assets
Admitted assets means investment in assets which will be admitted by the superintendent of insurance pursuant to the law of this state.
Admitted assets means those assets owned by the corporation, recognized pursuant to Title 24‑A, section 901‑A, reduced in amount by any applicable provision of this Title or Title 24-A. For purposes of applying the investment limitations of Title 24‑A, chapter 13‑A, the asset value must be that contained in the annual statement of the corporation as of December 31st of the year next preceding the making of the investment or contained in an audited financial report, as defined in Title 24‑A, section 221‑A, of more current origin prepared on the basis of statutory accounting principles.
Admitted assets means assets permitted to be reported as admitted
Admitted assets means the life insurance company's assets permitted to be reported as admitted assets on the statutory financial statement of the insurer most recently required to be filed with the commissioner.
Admitted assets means assets of an insurer considered admitted under Section 38‑11‑100.
Admitted assets means assets recognized by the superintendent pursuant to section 901‑A. [PL 2001, c. 72, §11 (AMD).]
Admitted assets means, for purposes of the limitations and standards imposed by Articles 1 and 2 of this chapter, the amount thereof as permitted to be reported on the statutory financial statement of the insurer most recently required to be filed with the Commission pursuant to §§ 38.2-1300 and 38.2-1301 or other similar provisions within this title, but excluding the assets allocated to separate accounts established pursuant to Article 3 (§ 38.2-1443 et seq.) of this chapter.