# ASC 944-50-05: Financial Services—Insurance — Policyholder Dividends — 05 Overview and Background

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/944/50/#05-overview-and-background)

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## ASC 944-50-05: 05 Overview and Background

[Read section](https://asc.understandingaccounting.org/asc/944/50/#05-overview-and-background)

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##### [944-50-05-1](https://asc.understandingaccounting.org/asc/944/50/#944-50-05-1)

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This Subtopic provides insurance entities guidance on the accounting for and financial reporting of policyholder dividends. The guidance in this Subtopic is presented in the following two Subsections:

1.  a
    
    General
    
2.  b
    
    Long-Duration Contracts.

### Long-Duration Contracts

##### [944-50-05-2](https://asc.understandingaccounting.org/asc/944/50/#944-50-05-2)

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The Long-Duration Contracts Subsections of this Subtopic provide insurance entities guidance on the accounting for and financial reporting of policyholder dividends on long-duration contracts.