Property owned, in this case by an insurance company, including stocks, bonds and real estate. Insurance accounting is concerned with solvency and the ability to pay claims. State insurance laws therefore require a conservative valuation of assets, prohibiting insurance companies from listing assets on their balance sheets whose values are uncertain, such as furniture, fixtures, debit balances and accounts receivable that are more than 90 days past due. (Admitted assets )

"Assets" In Context

"Fatula is expected to testify at the trial today. Monday’s hearing focused on the amount of money the federal government will be allowed to seize from Dimora’s primary assets: his home and his pension. The defense argued in favor of a legal ..."