Which of the following is considered a nonadmitted asset for an insurer?

Name: Which of the following is considered a nonadmitted asset for an insurer?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Nonadmitted assets for an insurer are those assets that cannot be easily converted to cash for paying claims and include items like office furniture. These are not considered liquid or available to cover liabilities, unlike cash, preferred stocks, or real estate, which are typically counted as admitted assets.

Which of the Following Is Considered a Nonadmitted Asset for an Insurer