# ASC 825-944-25: Financial Instruments — Financial Services—Insurance — 25 Recognition

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/825/944/#25-recognition)

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## ASC 825-944-25: 25 Recognition

[Read section](https://asc.understandingaccounting.org/asc/825/944/#25-recognition)

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#### Investment Contracts

##### [825-944-25-1](https://asc.understandingaccounting.org/asc/825/944/#825-944-25-1)

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Amounts received as payments for an [investment contract](https://asc.understandingaccounting.org/glossary/i/#investment-contracts "Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.") shall not be reported as revenues.

##### [825-944-25-2](https://asc.understandingaccounting.org/asc/825/944/#825-944-25-2)

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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.

##### [825-944-25-3](https://asc.understandingaccounting.org/asc/825/944/#825-944-25-3)

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