admitted assets

  • The assets of an insurer, as shown on page 2 of the Annual Statement. In general, admitted assets of an insurance company will include the following types or classes of assets: cash; stock; bonds; collateral loans; mortgage loans; loans to policyholders; interest, dividends, and real estate income due and accrued; real estate owned; and premiums due.

    Internal Revenue Service 1
    See also assets

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).