{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/720/20/#60-relationships","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":"720","topic_title":"Other Expenses","subtopic":"720-20","subtopic_title":"Insurance Costs","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":"Claims-Made Contracts","heading":"Health Care Entities","paragraphs":[{"citation":"720-20-60-1","para":"60-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_038E64F1-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">For guidance on the recognition of a liability for claims <a href=\"/glossary/i/#incurred-but-not-reported\" class=\"term\" title=\"Losses incurred by the insured entity that have not yet been reported to the insurance entity.\"><span>incurred but not reported</span></a>, see paragraph <a href=\"/asc/450/954/#450-954-25-2\" class=\"xref\">954-450-25-2</a>. </span></span></div></div>","snippet":"For guidance on the recognition of a liability for claims incurred but not reported, see paragraph 954-450-25-2.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5307743a8786c4343b2402c08911db2ca11e7366dd4b15fdfbc9714674fb33b","downloaded_from":"2026-09-10T01:07:45.379Z","last_downloaded_at":"2026-09-10T01:07:45.379Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483411","source_sha256":"cac8f97470e4730725599dc7f3ea21350e25a6ee81b4abef2c9640283b6ae50b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f04ce4175ea8d3a5b81689be3b16869ca76c94e6fcbfbafc774433ad240f799c","downloaded_from":"2026-09-10T01:07:45.379Z","last_downloaded_at":"2026-09-10T01:07:45.379Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483411","source_sha256":"cac8f97470e4730725599dc7f3ea21350e25a6ee81b4abef2c9640283b6ae50b"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69034ca22bebb11d5ac50bb35c0ef55de33fe545c5ff09e91a4f2fbb1b679ea3","downloaded_from":"2026-09-10T01:07:45.379Z","last_downloaded_at":"2026-09-10T01:07:45.379Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483411","source_sha256":"cac8f97470e4730725599dc7f3ea21350e25a6ee81b4abef2c9640283b6ae50b"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69034ca22bebb11d5ac50bb35c0ef55de33fe545c5ff09e91a4f2fbb1b679ea3","downloaded_from":"2026-09-10T01:07:45.379Z","last_downloaded_at":"2026-09-10T01:07:45.379Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147483411","source_sha256":"cac8f97470e4730725599dc7f3ea21350e25a6ee81b4abef2c9640283b6ae50b"}}