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Admissible asset

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Under UK legislation, a life insurance company can only take into account — for the purpose of demonstrating supervisory solvency — specified maximum amounts of certain assets. The maxima are expressed in terms of percentages of the value of the company’s non-property-linked liabilities plus its required capital resources requirement. Any asset not specifically mentioned in the legislation must be left out of account.

The assets to which the company can give a value are the admissible assets. Assets that are not admissible are called inadmissible.

--- Entries from The Actuarial Profession's Glossaries have been produced by the Profession and are reproduced with the Profession's permission. The Actuarial Profession does not accept liability for the complete accuracy of the original material, given that it was prepared for educational purposes only.

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