Addition to Section 11400 of guidance on implementing the provisions of FASB
Accounting Standards Update No. 2018-12, Financial Services
— Insurance (Topic 944): Targeted Improvements to the
Accounting for Long-Duration Contracts.
Removal of outdated guidance (e.g., on issues related to the adoption of ASC
606 on revenue recognition).
New (1) contact information for the Division’s Office of Chief Accountant
and (2) link related to the “submission for financial statement waiver or
For more information, see the FRM on the SEC’s