MLchartDataset catalogue

Nonadmitted asset

Term · Insurance and risk management · MLC-T-INS-002312

An asset owned by an insurance company that is not recognized by state insurance regulators when calculating the insurer's financial solvency. These assets are considered to have uncertain value or liquidity and cannot be counted towards the insurer's statutory capital and surplus. Examples include furniture, fixtures, and certain overdue premiums.

Table 1. Record
IdentifierMLC-T-INS-002312
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-002312",
  "term": "Nonadmitted asset",
  "field": "Insurance and risk management",
  "definition": "An asset owned by an insurance company that is not recognized by state insurance regulators when calculating the insurer's financial solvency. These assets are considered to have uncertain value or liquidity and cannot be counted towards the insurer's statutory capital and surplus. Examples include furniture, fixtures, and certain overdue premiums.",
  "url": "https://mlchart.com/terminology/insurance/nonadmitted-asset/"
}

Record 2,285 of 3,708 in Insurance and risk management terminology (MLC-0106). Request the full dataset.