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 are reported separately from admitted assets on the Assets page of the U.S. Annual Statement and that may not be applied to support an insurer's required reserves. Contrast with admitted assets.