This Insurance Glossary of Terms is produced and maintained by the National Alliance Research Academy. 
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Non-admitted Asset

Assets of an insurer that are not permitted by the state insurance department or other regulatory authority to be taken into account when determining an insurer’s financial condition. Non-admitted assets are typically illiquid assets, such as furniture, fixtures, agents’ past-due debit balances, uncollectible reinsurance, receivables, and securities whose value is questionable.

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