{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/340/30/#30-initial-measurement","source":"FASB Accounting Standards Codification, Basic View","usage":"Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective.","topic":"340","topic_title":"Other Assets and Deferred Costs","subtopic":"340-30","subtopic_title":"Insurance Contracts That Do Not Transfer Insurance Risk","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":"Deposit Asset or Liability Related to Insurance and Reinsurance Contracts Accounted for Under Deposit Accounting","paragraphs":[{"citation":"340-30-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_6761F8CC-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">At inception, a deposit asset or liability shall be measured based on the consideration paid or received, less any explicitly identified premiums or fees to be retained by the insurer or reinsurer, irrespective of the experience of the contract. </span></span><span class=\"sfragment\" id=\"sfr_6761FA63-6E92-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Accounting for such fees shall be based on the terms of the contract. </span></span></div></div>","snippet":"At inception, a deposit asset or liability shall be measured based on the consideration paid or received, less any explicitly identified premiums or fees to be retained by the insurer or reinsurer, irrespective of the ex…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ea607d73aae4d8100db981de234124058236c13eb805322f17dc144de4905a6","downloaded_from":"2026-09-09T23:55:53.141Z","last_downloaded_at":"2026-09-09T23:55:53.141Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482934","source_sha256":"9bab72ccc62c0040b03d1f23561bf427060027ba300a6501097a21f04c89c009"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:860f7e7e0bd440c0fc1f24c68ea3bd6926dca3cecf481d905aa565190524257a","downloaded_from":"2026-09-09T23:55:53.141Z","last_downloaded_at":"2026-09-09T23:55:53.141Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482934","source_sha256":"9bab72ccc62c0040b03d1f23561bf427060027ba300a6501097a21f04c89c009"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c926440a5a0d63b241de5ec36a3f27b4b05243504161ad035cace6834b4918d","downloaded_from":"2026-09-09T23:55:53.141Z","last_downloaded_at":"2026-09-09T23:55:53.141Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482934","source_sha256":"9bab72ccc62c0040b03d1f23561bf427060027ba300a6501097a21f04c89c009"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7c926440a5a0d63b241de5ec36a3f27b4b05243504161ad035cace6834b4918d","downloaded_from":"2026-09-09T23:55:53.141Z","last_downloaded_at":"2026-09-09T23:55:53.141Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147482934","source_sha256":"9bab72ccc62c0040b03d1f23561bf427060027ba300a6501097a21f04c89c009"}}