{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/470/944/#25-recognition","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":"470","topic_title":"Debt","subtopic":"470-944","subtopic_title":"Financial Services—Insurance","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Surplus Notes","paragraphs":[{"citation":"470-944-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_05525278-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/s/#surplus-notes\" class=\"term\" title=\"Surplus notes are financial instruments issued by insurance entities that are includable in surplus for statutory accounting purposes as prescribed or permitted by state laws and regulations.\"><span>Surplus notes</span></a> shall be accounted for as debt instruments; equity treatment for surplus notes is inappropriate. </span></span></div></div>","snippet":"Surplus notes shall be accounted for as debt instruments; equity treatment for surplus notes is inappropriate.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c650e1a12f10b3fd092d93fdf4bd3646d40460b769cfe83da17e3d30806c6410","downloaded_from":"2026-09-10T00:34:21.457Z","last_downloaded_at":"2026-09-10T00:34:21.457Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478415","source_sha256":"9dc91dc7884b2451556ee28034730191dccdad328505e4319e401c90d4f41e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f863a31a6b362a6cd5a155a41122300d1409301c2690d40762b6581548292bfd","downloaded_from":"2026-09-10T00:34:21.457Z","last_downloaded_at":"2026-09-10T00:34:21.457Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478415","source_sha256":"9dc91dc7884b2451556ee28034730191dccdad328505e4319e401c90d4f41e0e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10f7e7904ec8a54b15e0d25616ddf6943cfa12a7231b540e25cd1abb794c7320","downloaded_from":"2026-09-10T00:34:21.457Z","last_downloaded_at":"2026-09-10T00:34:21.457Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478415","source_sha256":"9dc91dc7884b2451556ee28034730191dccdad328505e4319e401c90d4f41e0e"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10f7e7904ec8a54b15e0d25616ddf6943cfa12a7231b540e25cd1abb794c7320","downloaded_from":"2026-09-10T00:34:21.457Z","last_downloaded_at":"2026-09-10T00:34:21.457Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478415","source_sha256":"9dc91dc7884b2451556ee28034730191dccdad328505e4319e401c90d4f41e0e"}}