Admitted Asset definition

Admitted Asset with respect to any HMO Subsidiary or Insurance Subsidiary, any asset of such HMO subsidiary or Insurance Subsidiary which qualifies as an "admitted asset" (or any like item) under the applicable Insurance Regulations and HMO Regulations.
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Admitted Asset means an asset that is identified specifically as an admitted asset within the NAIC accounting manual or is not identified specifically as a nonadmitted asset within the NAIC accounting manual, excluding assets of separate accounts because the investments and investment practices of separate accounts are not subject to the provisions of this chapter.
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Admitted Asset means any property, security, item or interest of a person permitted or required by or under section 42 to be regarded as an admitted asset;
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Examples of Admitted Asset in a sentence

  • The Closing Certificate and the amount of the Closing Admitted Asset Value reflected therein shall become final and binding on the parties hereto on the date the Independent Accountant delivers its final resolution in writing to Buyer and Seller (which final resolution shall be requested by the parties hereto to be delivered not more than forty five (45) days following submission of such disputed matters).


More Definitions of Admitted Asset

Admitted Asset means any property, security, item or interest of
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Related to Admitted Asset

  • Admitted assets means the amount thereof as of the last day of the most recently concluded annual statement year, computed in accordance with rule 191—5.6(505,515,520).

  • depreciable asset means any tangible personal property or structural improvement to real property that—

  • Transferred Asset means each asset, including any Loan Asset and Substitute Loan Asset (including, if any, the Participation thereof), Conveyed by the Seller to the Purchaser hereunder, including with respect to each such asset, all Related Property; provided that the foregoing will exclude the Retained Interest and the Excluded Amounts.

  • Separately invested asset means an account or fund of a district that is not invested in a pooled fund group.

  • Portfolio Asset means an asset of an investment fund;