admitted asset

An asset that by law may be included in evaluating the financial condition of an insurance com-pany. Cf. nonadmitted asset. [Cases: Insurance 1363. C.J.S. Insurance § 168.]

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词条贡献者

双语律师Nanda，国际知名法学院国际法专业，擅长翻译各类与生物医学诉讼相关的法律文件。