{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/605/944/#15-scope-and-scope-exceptions","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":"605","topic_title":"Revenue Recognition","subtopic":"605-944","subtopic_title":"Financial Services—Insurance","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"605-944-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-6D9C18A3-ADAA-4660-A6E4-06A364A6BB5D.ditamap\" class=\"ditamap\">944-10-15</a>, with specific entity exceptions noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15, with specific entity exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eef56cb3326f65c9a3ba7a28c017b950de1e58bc1e94b880bbfed66d737941ef","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3406b45228e820bd33589d624bda10ca953bf4fae108cb1b506d43cf995b96d9","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":null,"heading":"Entities","paragraphs":[{"citation":"605-944-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_07356342-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The guidance in this Subtopic does not apply to <a href=\"/glossary/m/#mortgage-guaranty-insurance-entity\" class=\"term\" title=\"An insurance entity that issues insurance contracts that guarantee lenders, such as savings and loan associations, against nonpayment by mortgagors.\"><span>mortgage guaranty insurance entities</span></a>. </span></span></div></div>","snippet":"The guidance in this Subtopic does not apply to mortgage guaranty insurance entities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9415f0a43748088740fe276a14f561ea65bf16b35833ca338f0e414e1a1e94d","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8ef190111dc093c9c9de624f2ebd174798d2dd05600327ff305f16ccdae65151","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Short-Duration Contracts","heading":"Overall Guidance","paragraphs":[{"citation":"605-944-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Short-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the <a href=\"/updates/page-2147479834/\" class=\"xref\">General Subsection</a> of this Section, with specific instrument exceptions noted below.</div></div>","snippet":"The Short-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Section, with specific instrument exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e72281715772b340021af087c15c21af167cfd31032911bdf9f2c0f334238c7d","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:96c34b35de4b0f3c890e6fb32b43f5cab00b127c0e88bbbb64fe0ea3e83ee7e2","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Short-Duration Contracts","heading":"Instruments","paragraphs":[{"citation":"605-944-15-4","para":"15-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Short-Duration Contracts Subsections of this Subtopic applies only to short-duration contracts. See the <a href=\"/asc/944/20/#15-scope-and-scope-exceptions\" class=\"xref\">Short-Duration Contracts Subsection</a> of Section 944-20-15 for a discussion of what constitutes a short-duration contract.</div></div>","snippet":"The guidance in the Short-Duration Contracts Subsections of this Subtopic applies only to short-duration contracts. See the Short-Duration Contracts Subsection of Section 944-20-15 for a discussion of what constitutes a …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:27382c9e37b40cca9c69ac6bf7520f1e71c6cde64128c6b20256b216e6ad4ffa","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d6bec94162c42ce41a59b3e7437e28379c6dceb92e081a2932cbc74ee8c06c2c","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Long-Duration Contracts","heading":"Overall Guidance","paragraphs":[{"citation":"605-944-15-5","para":"15-5","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Long-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the <a href=\"/updates/page-2147479834/\" class=\"xref\">General Subsection</a> of this Section, with specific instrument exceptions noted below.</div></div>","snippet":"The Long-Duration Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Section, with specific instrument exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4843594f7148e03aff3a6c24ea8d28b0dd9a0bd2f4153098184e420fb125896d","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b08d20d3eb6d73079a1ef0693a17e6d663b2c4bc58556134e389099aa07d539","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Long-Duration Contracts","heading":"Instruments","paragraphs":[{"citation":"605-944-15-6","para":"15-6","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Long-Duration Contracts Subsections of this Subtopic applies only to long-duration contracts. See the <a href=\"/asc/944/20/#15-scope-and-scope-exceptions\" class=\"xref\">Long-Duration Contracts Subsection</a> of Section 944-20-15 for a discussion of what constitutes a long-duration contract.</div></div>","snippet":"The guidance in the Long-Duration Contracts Subsections of this Subtopic applies only to long-duration contracts. See the Long-Duration Contracts Subsection of Section 944-20-15 for a discussion of what constitutes a lon…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65854578c4f767bbea4b78cb12535359ddd52c1791d844215135e3504c38a8b7","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5bf1c92abd5a68ec8f441b57742be6a19bde64633e126fd618e9109aff5f0fa","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Reinsurance Contracts","heading":"Overall Guidance","paragraphs":[{"citation":"605-944-15-7","para":"15-7","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Reinsurance Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the <a href=\"/updates/page-2147479834/\" class=\"xref\">General Subsection</a> of this Section, with specific instrument exceptions noted below.</div></div>","snippet":"The Reinsurance Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Section, with specific instrument exceptions noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1cba74a99d08ec6abd48f9903cb786215798e5773e11ee95eacf97618bfff305","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8790dd42bd0eaf49ad617e369682fa35c026b14480e218858fdd5c79bea7eb18","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Reinsurance Contracts","heading":"Instruments","paragraphs":[{"citation":"605-944-15-8","para":"15-8","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Reinsurance Contracts Subsections of this Subtopic applies only to <a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.\"><span>reinsurance</span></a> contracts. See the <a href=\"/asc/944/20/#15-scope-and-scope-exceptions\" class=\"xref\">Reinsurance Contracts Subsection</a> of Section 944-20-15 for a discussion of what constitutes a reinsurance contract.</div></div>","snippet":"The guidance in the Reinsurance Contracts Subsections of this Subtopic applies only to reinsurance contracts. See the Reinsurance Contracts Subsection of Section 944-20-15 for a discussion of what constitutes a reinsuran…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3bbd782bcefdcc7a5b2d63b188b0d20f9645641aac524207842f9955c9d9f82a","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ff5367d0e987df791def63a0372dd31452b32b83716cc98eb1f9f19871c9c515","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},{"block":"Financial Guarantee Insurance Contracts","heading":null,"paragraphs":[{"citation":"605-944-15-9","para":"15-9","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Financial Guarantee Insurance Contracts Subsections of this Subtopic applies only to financial guarantee insurance contracts (which include financial guarantee reinsurance contracts).</div></div>","snippet":"The guidance in the Financial Guarantee Insurance Contracts Subsections of this Subtopic applies only to financial guarantee insurance contracts (which include financial guarantee reinsurance contracts).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cf7042eab2b39a15276bc6028e5d10436019f2409af80579d7ab383cba20eb3e","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:660a5894dfab99c31eed4047d70ba34c82a77e1f6a4e79a94ef09043c944ff8d","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f55e94916620682a1cc691e3779fa6a3137c93a9e75c60b47636c2bdb744bf7","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3f55e94916620682a1cc691e3779fa6a3137c93a9e75c60b47636c2bdb744bf7","downloaded_from":"2026-09-10T00:49:23.529Z","last_downloaded_at":"2026-09-10T00:49:23.529Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477803","source_sha256":"532f3fc85a6c4fae59348d9d956871da913bd7417bbed297ffbfa721f9b11936"}}