Financial Statements

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January 1, 1 1 min read Definitions

Generally Accepted Accounting Principles (GAAP)

Accounting Financial Regulations GAAP Accounting Principles Financial Reporting Insurance Financial Standards GAAP Accounting Financial Statements Insurance

An overview of Generally Accepted Accounting Principles (GAAP), detailing its definition, importance, and implementation across financial practices in the insurance industry.

Read more about Generally Accepted Accounting Principles (GAAP).

January 1, 1 1 min read Definitions

Insurance Terms Dictionary

Net Admitted Assets

Insurance Terms Regulatory Compliance Net Admitted Assets Insurance Assets State Law Insurance Annual Statement Insurer Net Admitted Assets Insurance Regulations Financial Statements Compliance

Net Admitted Assets refer to the total value of assets that an insurance company can count towards its financial statements as determined by state laws.