Status of Statement No. 113

Accounting and Reporting for Reinsurance of Short-Duration and Long-Duration Contracts

Status

Issued: December 1992

Effective Date:

For financial statements for fiscal years beginning after December 15, 1992

Affects:

Amends FAS 5, paragraph 44

Deletes FAS 60, paragraphs 38 through 40, and 60(f)

Replaces FAS 97, paragraph 27

Amends FIN 39, paragraph 7

Affected by:

Paragraph 6 amended by FAS 120, paragraph 9

Paragraph 28 amended by FAS 133, paragraph 533

Other Interpretive Pronouncement:

FIN 40

Other Interpretive Release:

FASB Viewpoints, "Accounting for Reinsurance: Questions and Answers about Statement 113," FASB Status Report, February 26, 1993 (in Current Text Section In6)

AICPA Accounting Standards Executive Committee (AcSEC)

Related Pronouncements:

SOP 92-5

SOP 94-6

SOP 98-7

Issues Discussed by FASB Emerging Issues Task Force (EITF)

Affects:

No EITF Issues

Interpreted by:

Paragraph 21 interpreted by EITF Issue No. 93-6

Paragraphs 22 through 24 interpreted by EITF Issue No. 93-6 and Topic No. D-54

Paragraph 25 interpreted by EITF Issue No. 93-6

Related Issues:

EITF Issue No. 03-8 and Topic No. D-35

Abbreviations for Accounting Pronouncements

FAS - FASB Statements
FIN - FASB Interpretations
FTB - FASB Technical Bulletins
APB - APB Opinions
AIN - AICPA Interpretations
ARB - Accounting Research Bulletins
CON - FASB Concepts
EITF - EITF Issues
Q&A - FASB Implementation Guides