{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/40/#sec-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":"944","topic_title":"Financial Services—Insurance","subtopic":"944-40","subtopic_title":"Claim Costs and Liabilities for Future Policy Benefits","section":{"number":"S30","label":"SEC 30 Initial Measurement","anchor":"sec-30-initial-measurement","is_sec":true,"groups":[{"block":null,"heading":"Discounting Claims Liabilities Related to Short-Duration Contracts","paragraphs":[{"citation":"944-40-S30-1","para":"S30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_04CDAC3E-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/944/20/#944-20-S99-1\" class=\"xref\">944-20-S99-1</a>, SAB Topic 5.N, for SEC Staff views on discounting claims liabilities related to short-duration contracts. </span></span></div></div>","snippet":"See paragraph 944-20-S99-1, SAB Topic 5.N, for SEC Staff views on discounting claims liabilities related to short-duration contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b41e4e8c6a06e3157c4bdcd7dab7ca9537bcde0c065cb8f27b54786f70f2980f","downloaded_from":"2026-09-10T02:17:03.233Z","last_downloaded_at":"2026-09-10T02:17:03.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479675","source_sha256":"0a0bce4ca106d613c2860e76954bf84d873e9027288dac4e9d5181c9396bac15"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cb5a848e41dbbde3460a9900b3273cc18151d9ca5a5dc52a6a8edb511fc13fe0","downloaded_from":"2026-09-10T02:17:03.233Z","last_downloaded_at":"2026-09-10T02:17:03.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479675","source_sha256":"0a0bce4ca106d613c2860e76954bf84d873e9027288dac4e9d5181c9396bac15"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e07fd25ce58052291aa99daa4cb20f0f8f726585962c74979ece2f799676bc42","downloaded_from":"2026-09-10T02:17:03.233Z","last_downloaded_at":"2026-09-10T02:17:03.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479675","source_sha256":"0a0bce4ca106d613c2860e76954bf84d873e9027288dac4e9d5181c9396bac15"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e07fd25ce58052291aa99daa4cb20f0f8f726585962c74979ece2f799676bc42","downloaded_from":"2026-09-10T02:17:03.233Z","last_downloaded_at":"2026-09-10T02:17:03.233Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479675","source_sha256":"0a0bce4ca106d613c2860e76954bf84d873e9027288dac4e9d5181c9396bac15"}}