nonadmitted asset
A nonadmitted asset is an asset that may be accounted for in an insurer's balance sheet but not allowed to be counted for purposes of calculating statutory capital or compliance with solvency ratios.
nonadmitted asset
A nonadmitted asset is an asset that may be accounted for in an insurer's balance sheet but not allowed to be counted for purposes of calculating statutory capital or compliance with solvency ratios.
