What Does Statement Value Mean?

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What does Statement Value mean? Read on to discover the definition & meaning of the term Statement Value - to help you better understand the language used in insurance policies.

Statement Value

Statement Value

the Statutory Accounting Principle book value reduced by any valuation allowance and non-admitted adjustment applied to an individual investment or a similar group of investments, e.g., bonds, mortgage loans, common stock.

We hope the you have a better understanding of the meaning of Statement Value.

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