{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/825/944/#25-recognition","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":"825","topic_title":"Financial Instruments","subtopic":"825-944","subtopic_title":"Financial Services—Insurance","section":{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Investment Contracts","paragraphs":[{"citation":"825-944-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BCED29F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amounts received as payments for an <a href=\"/glossary/i/#investment-contracts\" class=\"term\" title=\"Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.\"><span>investment contract</span></a> shall not be reported as revenues. </span></span></div></div>","snippet":"Amounts received as payments for an investment contract shall not be reported as revenues.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9178245612deb547ce39c92e8e9b96d55aade0e3d98a8c2b237e237ccf26651b","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}},{"citation":"825-944-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BCED3FD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Payments received by the insurance entity from an investment contract shall be reported as liabilities </span></span><span class=\"sfragment\" id=\"sfr_0BCED4D5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">and accounted for in a manner consistent with the accounting for interest-bearing or other financial instruments. </span></span></div></div>","snippet":"Payments received by the insurance entity from an investment contract shall be reported as liabilities and accounted for in a manner consistent with the accounting for interest-bearing or other financial instruments.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb097ea01101da4ff1d9597658f6d13cc8c39f184d920d694e4c43b57e26cc87","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}},{"citation":"825-944-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0dd8022c6fc8c40cca7ee1cd9da2cb0c7d0aa71f5f31f2ace18f01217fca038e","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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