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For the purposes of Annual Statement reporting, life insurers in the United States divide their assets into two categories: admitted assets and nonadmitted assets. From

For the purposes of Annual Statement reporting, life insurers in the United States divide their assets into two categories: admitted assets and nonadmitted assets. From the answer choices below, select the response that correctly identifies whether office supplies and most office equipment are admitted or nonadmitted assets and whether such assets may be applied to support an insurer's required reserves. Type of asset Do they support an insurer's reserves?

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