2019 Fall 12 and 2019 Spring 10 - Contradiction?
Hi,
I am reviewing these two questions. When calculating the statutory surplus, it's admitted assets - liabilities, right? The examiner's report for 2019 Fall 12 lists real estate as non-admitted assets as it's not liquid. However, when calculating the surplus for 2019 Spring 10, it includes real estate in the asset calculation. I am just confused how I should go about this.
Thank you!
Comments
2019.F.12 listing real estate as a non-admitted asset is an error.
Here's Odomirok text regarding non-admitted asset and real estate:
"Amounts held of specific types of bonds, stocks, mortgage loans or real estate that are
in excess of limitations that exist in specific states"
So, real estate is not fully non-admitted.
Thank you!
Sure, good luck.