# ASC 470-944-45: Debt — Financial Services—Insurance — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/470/944/#45-other-presentation-matters)

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## ASC 470-944-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/470/944/#45-other-presentation-matters)

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#### Surplus Notes

##### [470-944-45-1](https://asc.understandingaccounting.org/asc/470/944/#470-944-45-1)

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[Surplus notes](https://asc.understandingaccounting.org/glossary/s/#surplus-notes "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.") shall be presented as liabilities in the financial statements of the issuer; equity treatment for surplus notes is inappropriate.