Insurance contracts are generally classified as either short duration or long duration. The distinction is based on the period of time of the insurance protection and the flexibility each party has in changing the terms of the contract. The classification, as well as other characteristics, has a significant effect on the accounting for a contract.
Expand Expand

Welcome to Viewpoint, the new platform that replaces Inform. Once you have viewed this piece of content, to ensure you can access the content most relevant to you, please confirm your territory.

signin option menu option suggested option contentmouse option displaycontent option contentpage option relatedlink option prevandafter option trending option searchicon option search option feedback option end slide