{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/470/944/#45-other-presentation-matters","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":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Surplus Notes","paragraphs":[{"citation":"470-944-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0563CD64-6E94-1014-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 presented as liabilities in the financial statements of the issuer; equity treatment for surplus notes is inappropriate. </span></span></div></div>","snippet":"Surplus notes shall be presented as liabilities in the financial statements of the issuer; equity treatment for surplus notes is inappropriate.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6e515bd04e3ebfc68f5a4fb8f64063cd9d01ede23ebc149ffe4febf1641f463","downloaded_from":"2026-09-10T00:34:27.195Z","last_downloaded_at":"2026-09-10T00:34:27.195Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477633","source_sha256":"8b7ab3595ae150fca392cb9582d59d79a4f5bbeec466f00d6abefbff31577222"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:162b3714933b0763ad8777a5b98e52a336f73bdc28ee7a2df6fbd5e348f01845","downloaded_from":"2026-09-10T00:34:27.195Z","last_downloaded_at":"2026-09-10T00:34:27.195Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477633","source_sha256":"8b7ab3595ae150fca392cb9582d59d79a4f5bbeec466f00d6abefbff31577222"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39009f9a8f6617bfd4d277e9c1780bb6b27a83368845aa836469e82d1040f68f","downloaded_from":"2026-09-10T00:34:27.195Z","last_downloaded_at":"2026-09-10T00:34:27.195Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477633","source_sha256":"8b7ab3595ae150fca392cb9582d59d79a4f5bbeec466f00d6abefbff31577222"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39009f9a8f6617bfd4d277e9c1780bb6b27a83368845aa836469e82d1040f68f","downloaded_from":"2026-09-10T00:34:27.195Z","last_downloaded_at":"2026-09-10T00:34:27.195Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477633","source_sha256":"8b7ab3595ae150fca392cb9582d59d79a4f5bbeec466f00d6abefbff31577222"}}