{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/944/#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":"815","topic_title":"Derivatives and Hedging","subtopic":"815-944","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":"815-944-15-1","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>.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:77f0b3c71f94930328429f052c2840628e1bc0b15c3d97ff9487c7c500833801","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4ea9cf2e8b5101b9c36ff7c820f25b49d57f9e4e8456e00ca409295445a8b041","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}},{"block":"Long-Duration Contracts","heading":"Overall Guidance","paragraphs":[{"citation":"815-944-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Long-Duration Contracts Subsections follow the same Scope and Scope Exceptions as outlined in the <a href=\"/asc/815/944/#15-scope-and-scope-exceptions\" class=\"xref\">General Subsection</a> of this Section, with specific instrument qualifications noted below.</div></div>","snippet":"The Long-Duration Contracts Subsections follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Section, with specific instrument qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f962740bd173420442c71682a0a27625a83e3e79ef930c624a7e79418668ad5b","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8e7381f78b75c691d9e38c4badcb839639815f0d94ec5d8c6dd6c3dd8fea97d6","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}},{"block":"Long-Duration Contracts","heading":"Instruments","paragraphs":[{"citation":"815-944-15-3","para":"15-3","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 insurance contracts. For guidance on identifying a long-duration insurance contract, see the <a href=\"/asc/944/20/#15-scope-and-scope-exceptions\" class=\"xref\">Long-Duration Contracts Subsection</a> of Section 944-20-15.</div></div>","snippet":"The guidance in the Long-Duration Contracts Subsections of this Subtopic applies only to long-duration insurance contracts. For guidance on identifying a long-duration insurance contract, see the Long-Duration Contracts …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4858c19a6c70d9c0a561b05fcfad4a26f3d40bcb2433cab797a18dcce172ec36","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d4ff0cf6ed27f646e6bbd08bdefd8ab550f46db1dd5efdeffc22d2805647a3e4","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30163d88db1b4f0c1a252554b5ec85a6798527168d2ad4ca96e73844077a657c","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:30163d88db1b4f0c1a252554b5ec85a6798527168d2ad4ca96e73844077a657c","downloaded_from":"2026-09-10T01:40:30.197Z","last_downloaded_at":"2026-09-10T01:40:30.197Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478435","source_sha256":"638c279a0660560134e146a1898d8abf7cb7fc3f8fc7bd78aa17192d44e2769d"}}