{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/815/944/#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":"815","topic_title":"Derivatives and Hedging","subtopic":"815-944","subtopic_title":"Financial Services—Insurance","section":{"number":"60","label":"60 Relationships","anchor":"60-relationships","is_sec":false,"groups":[{"block":"Short-Duration Contracts","heading":"Derivatives and Hedging","paragraphs":[{"citation":"815-944-60-1","para":"60-1","html":"
For guidance on property and casualty insurance contracts for which payment of a benefit or claim is triggered by the occurrence of both an insurable event and changes in a separate pre-identified variable that contain an embedded derivative instrument, see paragraphs
815-10-55-37 through 55-40
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For guidance on applying the scope exception in paragraph 815-15-15-10 during the period between the inception of the contract and the loss occurrence, see paragraphs
815-15-55-1 through 55-4
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Paragraph superseded by Accounting Standards Update No. 2018-12.
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For guidance on synthetic guaranteed investment contracts, see paragraph 815-10-55-63.
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For guidance on the economic characteristics and risks of the market adjusted value prepayment option in a market value annuity contract, see paragraphs
815-15-55-120 through 55-127
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","snippet":"For guidance on the economic characteristics and risks of the market adjusted value prepayment option in a market value annuity contract, see paragraphs 815-15-55-120 through 55-127.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:508c8685eabc131abb8df2b84bd97171d97fff85abc5ad9f759cc3331d8cc7a2","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}},{"citation":"815-944-60-6","para":"60-6","html":"
For guidance on common annuity payment alternatives, see paragraph 815-15-55-58.
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Paragraph superseded by Accounting Standards Update No. 2018-12.
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For guidance on a reinsurer's receivable arising from a modified coinsurance arrangement, see paragraphs
815-15-55-107 through 55-109
.
","snippet":"For guidance on a reinsurer's receivable arising from a modified coinsurance arrangement, see paragraphs 815-15-55-107 through 55-109.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:95cb379ba3e4260f277d152db8d68026302c8f36cbdaae9ce49ca9fcb1b8a0d3","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:85b04a804f3a59aed9c6e00d775e951c81205de80506a92cd1b6cfb073e3d823","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}},{"block":"Financial Guarantee Insurance Contracts","heading":"Derivatives and Hedging","paragraphs":[{"citation":"815-944-60-9","para":"60-9","html":"
For guidance on the payment of a claim under a dual-trigger financial guarantee insurance contract, see paragraphs
815-10-55-32 through 55-36
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","snippet":"For guidance on the payment of a claim under a dual-trigger financial guarantee insurance contract, see paragraphs 815-10-55-32 through 55-36.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:66e2305277dc982f9db6b48fc74f630debe6037beacc90b9a10b6cc13c78bb69","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f00582d9776bb245479215e4a0d12fe3088b4911e4a9f232ea7ea6c36937ee09","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c151cc0daa1358ee54fc73ef61c07df43bd92e8244c177eddd3961aa0163035","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c151cc0daa1358ee54fc73ef61c07df43bd92e8244c177eddd3961aa0163035","downloaded_from":"2026-09-10T01:40:44.205Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477577","source_sha256":"398692a503a26037436f659c8d1ed4bb43fee3fee73fe6eed881685c41562d18"}}