What is the difference between admitted and non-admitted assets?

2023-04-24T11:30:45+00:00May 14, 2020|Insurance|0 Comments

| ByWinsurtech

Admitted and Non-admitted Assets Admitted and non-admitted assets are the classifications of assets generally used by the insurance companies. For reporting of financial data, insurance companies use statutory accounting (STAT) set by the National Association of Insurance Commissioners (NAIC). Risk is handed over to reinsurers [...]