US: An asset that may be accounted for in an insurance company’s balance sheet but not allowed to be counted for purposes of calculating statutory capital or compliance with solvency ratios.
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Assets not qualified to be listed on the insurance statements because they do not meet state requirements. These can include furniture or fixtures.
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Assets that are not included on the balance sheet, including furniture, fixtures, past-due accounts receivable, and agents’ debt balances. See Assets.