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

译员黎川，在一家顶尖澳洲律师事务所的上海办公室担任全职法律翻译，专注翻译各种与澳大利亚业务有关的法律文件。