Assets that the insurer carries on its books, such as supplies, office furniture, fixtures, unsecured loans, prepaid expense, past-due accounts receivable, and advances to agents that must be deducted from gross assets to determine its financial condition in reporting to a state insurance department. Also, adjustments to book value of an asset to bring it into agreement with statutory value.
Assets that do not qualify under state law for insurance statement purposes. Examples would be furniture, fixtures, agents' debit balances, and accounts receivable which are over ninety days old.