### Question
What is the definition of nonadmitted financial asset?


### Answer
The definition of **nonadmitted financial asset** is as follows in *26 U.S.C. § 809*:

> any nonadmitted asset of the company which is—


(i) a bond,


(ii) stock,


(iii) real estate,


(iv) a mortgage loan on real estate, or


(v) any other invested asset

#### Citation:
  - *26 U.S.C. § 809*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

