non-admitted definition
non-admitted means, in relation to an asset, an asset or portion of an asset that is not allowed by these Rules to be taken into account in preparing the statutory balance sheet;
non-admitted in relation to an asset, means an asset or portion of an asset that is non- liquid, the value of which is uncertain, and that is not allowed by these regulations to be taken into account when assessing an insurance company’s solvency margin;
non-admitted status means an insurance carrier has not been approved by the state’s insurance