{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/10/#15-scope-and-scope-exceptions","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":"944","topic_title":"Financial Services—Insurance","subtopic":"944-10","subtopic_title":"Overall","section":{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"944-10-15-1","para":"15-1","html":"
The Subtopics within the Financial Services—Insurance Topic provide only incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual Financial Services—Insurance Subtopics. Entities within the scope of this Topic shall also comply with the applicable guidance not included in this Topic.
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The guidance in the Financial Services—Insurance Topic applies to all of the following entities:
  1. a
    Life and health insurance entities, including both:
    1. 1
      Stock life insurance entities
    2. 2
      Mutual life insurance entities.
  2. b
    Property and liability insurance entities (also known as property and casualty insurance entities), which include all of the following entities:
    1. 1
      Stock entities
    2. 2
      Mutual entities.
    3. 3
      Paragraph not used.
  3. c
    Title insurance entities
  4. d
    Assessment entities
  5. e
    Fraternal benefit societies
  6. f
    Mortgage guaranty insurance entities
  7. g
    Financial guaranty insurance entities
  8. h
    Pools other than public-entity risk pools
  9. i
    Syndicates
  10. j
    Captive insurance entities
  11. k
    Reinsurance entities
  12. l
    Reciprocal exchange or interinsurance exchange.
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