# ASC 815-944-15: Derivatives and Hedging — Financial Services—Insurance — 15 Scope and Scope Exceptions

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/944/#15-scope-and-scope-exceptions)

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## ASC 815-944-15: 15 Scope and Scope Exceptions

[Read section](https://asc.understandingaccounting.org/asc/815/944/#15-scope-and-scope-exceptions)

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#### Overall Guidance

##### [815-944-15-1](https://asc.understandingaccounting.org/asc/815/944/#815-944-15-1)

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This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15.

### Long-Duration Contracts

##### [815-944-15-2](https://asc.understandingaccounting.org/asc/815/944/#815-944-15-2)

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The Long-Duration Contracts Subsections follow the same Scope and Scope Exceptions as outlined in the [General Subsection](https://asc.understandingaccounting.org/asc/815/944/#15-scope-and-scope-exceptions) of this Section, with specific instrument qualifications noted below.

#### Instruments

##### [815-944-15-3](https://asc.understandingaccounting.org/asc/815/944/#815-944-15-3)

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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 Subsection](https://asc.understandingaccounting.org/asc/944/20/#15-scope-and-scope-exceptions) of Section 944-20-15.