# ASC 944-40-S30: Financial Services—Insurance — Claim Costs and Liabilities for Future Policy Benefits — SEC 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/944/40/#sec-30-initial-measurement)

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## ASC 944-40-S30: SEC 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/944/40/#sec-30-initial-measurement)

SEC content: yes

#### Discounting Claims Liabilities Related to Short-Duration Contracts

##### [944-40-S30-1](https://asc.understandingaccounting.org/asc/944/40/#944-40-S30-1)

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See paragraph [944-20-S99-1](https://asc.understandingaccounting.org/asc/944/20/#944-20-S99-1), SAB Topic 5.N, for SEC Staff views on discounting claims liabilities related to short-duration contracts.