# ASC 720-20-60: Other Expenses — Insurance Costs — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/720/20/#60-relationships)

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## ASC 720-20-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/720/20/#60-relationships)

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### Claims-Made Contracts

#### Health Care Entities

##### [720-20-60-1](https://asc.understandingaccounting.org/asc/720/20/#720-20-60-1)

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For guidance on the recognition of a liability for claims [incurred but not reported](https://asc.understandingaccounting.org/glossary/i/#incurred-but-not-reported "Losses incurred by the insured entity that have not yet been reported to the insurance entity."), see paragraph [954-450-25-2](https://asc.understandingaccounting.org/asc/450/954/#450-954-25-2).