How many days until uncollected Premium/agents' balances are moved to the NonAdmitted Assets column?

The movement of uncollected premiums or agents' balances to the Non-Admitted Assets column occurs after a period of 90 days. This reflects the accounting and regulatory practices that determine when receivables are no longer considered collectible or are unlikely to be received within a reasonable timeframe.

This process is significant as it aids insurance companies in accurately reporting their financial status. By moving uncollected premiums to the Non-Admitted Assets column, brokers and insurers can provide a clearer representation of their financial health, ensuring that only those assets likely to be collected remain categorized as admitted assets. This approach helps maintain transparency and conservatism in financial reporting, particularly in environments regulated for solvency and liquidity.

Understanding this timeframe is crucial for those involved in surplus lines and insurance brokerage, as it impacts financial reporting, compliance, and company valuation.