Statement No. 10
Accounting and Financial Reporting for Risk Financing and Related Insurance Issues

Status

Issued: November 1989

Effective Date:

• Public entity risk pools—financial statements for periods beginning after June 15, 1990
• Entities other than pools—financial statements for periods beginning after June 15, 1994 subject to the modified accrual basis of accounting for governmental funds (early application encouraged)

Affects:

• Amends NCGAS 1, Summary Statement of Principles No. 12c, ¶46, ¶105, ¶122, ¶128, ¶129, ¶144, and ¶167
• Amends NCGAS 4, ¶14
• Supersedes NCGAS 4, ¶15 and ¶18–¶21
• Amends NCGAI 6, ¶4 and ¶5
• Supersedes NCGAI 11
• Amends GASBS 1, ¶8
• Amends AICPA SOP 80-2, ¶4

Affected by:

• Paragraph 1 amended by GASBS 49, ¶2
• Paragraph 2 amended by GASBS 45, ¶4–¶9; GASBS 47, ¶3; GASBS 68, ¶4–¶6; GASBS 73, ¶4 and ¶5; GASBS 74, ¶3 and ¶4; and GASBS 75, ¶4 and ¶6
• Paragraph 3 amended by GASBS 70, ¶4 and GASBS 91, ¶4
• Paragraph 14 amended by GASBS 34
• Paragraph 15 amended by GASBS 17, ¶6 and GASBS 34, ¶69
• Paragraph 19 amended by GASBI 4, ¶11 and ¶12
• Paragraph 26 amended by GASBS 63, ¶8
• Paragraph 29 amended by GASBS 65, ¶20
• Paragraph 30 superseded by GASBS 65, ¶20
• Paragraph 35 superseded by GASBS 30, ¶4
• Paragraph 36 superseded by GASBS 30, ¶5
• Paragraph 37 amended by GASBI 4, ¶10 and GASBS 92, ¶11
• Paragraph 38 amended by GASBS 65, ¶20
• Paragraphs 40 and 41 superseded by GASBS 31, ¶7–¶15
• Paragraph 42 amended by GASBS 72, ¶64
• Paragraph 43 amended by GASBS 72, ¶64–¶75 and GASBS 85, ¶7
• Paragraph 44 amended by GASBS 31, ¶6; superseded by GASBS 72, ¶64
• Paragraph 45 amended by GASBS 62, ¶431–¶451 and GASBS 65, ¶22
• Paragraph 46 amended by GASBS 31, ¶13 and GASBS 72, ¶75
• Footnote 7 superseded by GASBS 62, ¶431–¶451
• Footnote 8 amended by GASBS 31, ¶13
• Paragraph 47 superseded by GASBS 31, ¶7–¶13
• Paragraph 48 amended by GASBS 63, ¶8 and GASBS 85, ¶6
• Paragraph 49 amended by GASBS 30, ¶6; GASBS 63, ¶8; GASBS 65, ¶20; and GASBS 99, ¶31
• Paragraph 50 superseded by GASBS 30, ¶7
• Footnote 9 amended by GASBS 34, ¶6
• Paragraph 52 amended by GASBS 34, ¶6 and GASBS 66, ¶3
• Paragraph 53 amended by GASBS 17, ¶6 and GASBS 34, ¶6
• Paragraph 56 amended by GASBS 99, ¶31
• Paragraph 57 superseded by GASBS 30, ¶9
• Paragraph 61 amended by GASBS 34, ¶6
• Paragraph 63 amended by GASBS 19, ¶4 and GASBS 34, ¶6; superseded by GASBS 66, ¶3
• Footnote 12 amended by GASBS 14, ¶11 and ¶66; GASBS 34, ¶138 and ¶139; and GASBS 84, ¶14
• Paragraph 64 amended by GASBS 17, ¶6; GASBS 19, ¶4; GASBS 34, ¶79 and ¶112; GASBS 66, ¶3; and GASBI 6, ¶14
• Paragraph 65 amended by GASBS 34, ¶6
• Paragraph 67 amended by GASBS 34, ¶98 and GASBS 63, ¶8
• Paragraph 68 amended by GASBS 34, ¶112 and GASBS 63, ¶8
• Paragraph 69 amended by GASBI 4, ¶4–¶8 and GASBS 34, ¶6
• Paragraph 74 amended by GASBI 4, fn1
• Paragraph 76 amended by GASBS 66, ¶3
• Footnote 13 amended by GASBS 14, ¶11
• Paragraph 77 amended by GASBS 30, ¶10 and GASBS 34, ¶6
• Paragraph 78 amended by GASBS 14, ¶11 and ¶63 and GASBS 34, ¶6 and ¶113
• Paragraph 79 amended by GASBS 14, ¶65
• Paragraph 80 amended by GASBS 34, ¶12 and GASBS 63, ¶8
• Paragraph 82 superseded by GASBS 17, ¶6
• Paragraph 83 amended by GASBS 62, ¶96–¶113
• Paragraph 130 amended by GASBS 65, ¶20 and GASBS 99, ¶31

Other Interpretive Literature:

• GASBIG 2015-1
• GASBIG 2017-1
  

Primary Codification Section References: C50, Po20

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