{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/405/30/#35-subsequent-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"405","topic_title":"Liabilities","subtopic":"405-30","subtopic_title":"Insurance-Related Assessments","section":{"number":"35","label":"35 Subsequent Measurement","anchor":"35-subsequent-measurement","is_sec":false,"groups":[{"block":null,"heading":"Asset for Premium Tax Offsets and Policy Surcharges","paragraphs":[{"citation":"405-30-35-1","para":"35-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_53428974-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The asset recorded under paragraph <a href=\"/asc/405/30/#405-30-25-8\" class=\"xref\">405-30-25-8</a> for <a href=\"/glossary/p/#premium-tax-offsets\" class=\"term\" title=\"Offsets against premium taxes levied on insurance entities by states.\"><span>premium tax offsets</span></a> and policy surcharges shall be subject to a valuation allowance to reflect any portion of the asset that is no longer probable of realization. Considering expected future premiums other than on <a href=\"/glossary/i/#in-force-policies\" class=\"term\" title=\"Policies effective before a specified date that have not yet expired or been cancelled.\"><span>in-force policies</span></a> in evaluating the recoverability of premium tax offsets or policy surcharges is not appropriate. </span></span></div></div>","snippet":"The asset recorded under paragraph 405-30-25-8 for premium tax offsets and policy surcharges shall be subject to a valuation allowance to reflect any portion of the asset that is no longer probable of realization. Consid…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a60dee53e81cef37d02bbdef0e171dfd8dd8f909a2327c0c54e1ed0010da993e","downloaded_from":"2026-09-10T00:14:35.204Z","last_downloaded_at":"2026-09-10T00:14:35.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482672","source_sha256":"51249e2ce55dd36f4ee4fee844fa4cba2dd55156ae878705c843cece70b0a2af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0cd67c0faee2e44ea18557aa5a3ea1ae298d61bb9f50d41da77fda8d1167d47d","downloaded_from":"2026-09-10T00:14:35.204Z","last_downloaded_at":"2026-09-10T00:14:35.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482672","source_sha256":"51249e2ce55dd36f4ee4fee844fa4cba2dd55156ae878705c843cece70b0a2af"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19656d9ed34b4ace8d1e45749d2064ebb6dd8a8a5e9a90a003fe822726c1c972","downloaded_from":"2026-09-10T00:14:35.204Z","last_downloaded_at":"2026-09-10T00:14:35.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482672","source_sha256":"51249e2ce55dd36f4ee4fee844fa4cba2dd55156ae878705c843cece70b0a2af"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19656d9ed34b4ace8d1e45749d2064ebb6dd8a8a5e9a90a003fe822726c1c972","downloaded_from":"2026-09-10T00:14:35.204Z","last_downloaded_at":"2026-09-10T00:14:35.204Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482672","source_sha256":"51249e2ce55dd36f4ee4fee844fa4cba2dd55156ae878705c843cece70b0a2af"}}