# ASC 815-944-60: Derivatives and Hedging — Financial Services—Insurance — 60 Relationships

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/815/944/#60-relationships)

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## ASC 815-944-60: 60 Relationships

[Read section](https://asc.understandingaccounting.org/asc/815/944/#60-relationships)

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### Short-Duration Contracts

#### Derivatives and Hedging

##### [815-944-60-1](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-1)

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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](https://asc.understandingaccounting.org/asc/815/10/#815-10-55-37)

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##### [815-944-60-2](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-2)

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For guidance on applying the scope exception in paragraph [815-15-15-10](https://asc.understandingaccounting.org/asc/815/15/#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](https://asc.understandingaccounting.org/asc/815/15/#815-15-55-1)

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### Long-Duration Contracts

##### [815-944-60-3](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-3)

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[Paragraph superseded by Accounting Standards Update No. 2018-12](https://asc.understandingaccounting.org/updates/asu-2018-12/).

##### [815-944-60-4](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-4)

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For guidance on synthetic guaranteed investment contracts, see paragraph [815-10-55-63](https://asc.understandingaccounting.org/asc/815/10/#815-10-55-63).

##### [815-944-60-5](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-5)

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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](https://asc.understandingaccounting.org/asc/815/15/#815-15-55-120)

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##### [815-944-60-6](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-6)

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For guidance on common annuity payment alternatives, see paragraph [815-15-55-58](https://asc.understandingaccounting.org/asc/815/15/#815-15-55-58).

##### [815-944-60-7](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-7)

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[Paragraph superseded by Accounting Standards Update No. 2018-12](https://asc.understandingaccounting.org/updates/asu-2018-12/).

##### [815-944-60-8](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-8)

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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](https://asc.understandingaccounting.org/asc/815/15/#815-15-55-107)

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### Financial Guarantee Insurance Contracts

##### [815-944-60-9](https://asc.understandingaccounting.org/asc/815/944/#815-944-60-9)

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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](https://asc.understandingaccounting.org/asc/815/10/#815-10-55-32)

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