{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/80/#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":"944-80","subtopic_title":"Separate Accounts","section":{"number":"30","label":"30 Initial Measurement","anchor":"30-initial-measurement","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"944-80-30-1","para":"30-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_095E42D6-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">The portion of <a href=\"/glossary/s/#separate-account\" class=\"term\" title=\"A separate investment account established and maintained by an insurance entity under relevant state insurance law to which funds have been allocated for certain contracts of the insurance entity or similar accounts used for foreign originated products. The term separate accounts includes separate accounts and subaccounts or investment divisions of separate accounts.\"><span>separate account</span></a> assets representing contract holder funds recognized under paragraph <a href=\"/asc/944/80/#944-80-25-3\" class=\"xref\">944-80-25-3</a> shall be </span></span><span class=\"sfragment\" id=\"sfr_095E447F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">measured initially at <a href=\"/glossary/f/#fair-value\" class=\"term\" title=\"The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\"><span>fair value</span></a>. </span></span></div></div>","snippet":"The portion of separate account assets representing contract holder funds recognized under paragraph 944-80-25-3 shall be measured initially at fair value.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d5db160ef666e54b8508d3c5f1c8f663451f05639e743d4f996508968f6a8a68","downloaded_from":"2026-09-10T02:18:22.518Z","last_downloaded_at":"2026-09-10T02:18:22.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479301","source_sha256":"0b869b948c5b3d111753977ba8f4292f94f98e859ac19067cee9309c8aae45e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d764b2778d32040e43b3d61906db2cb176be361c3e4ddb2e6e16e96f90f85a7","downloaded_from":"2026-09-10T02:18:22.518Z","last_downloaded_at":"2026-09-10T02:18:22.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479301","source_sha256":"0b869b948c5b3d111753977ba8f4292f94f98e859ac19067cee9309c8aae45e3"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e814ab609bdf147802f54586789f0da3c9fd63d0571044f0c63559ab609471f","downloaded_from":"2026-09-10T02:18:22.518Z","last_downloaded_at":"2026-09-10T02:18:22.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479301","source_sha256":"0b869b948c5b3d111753977ba8f4292f94f98e859ac19067cee9309c8aae45e3"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5e814ab609bdf147802f54586789f0da3c9fd63d0571044f0c63559ab609471f","downloaded_from":"2026-09-10T02:18:22.518Z","last_downloaded_at":"2026-09-10T02:18:22.518Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479301","source_sha256":"0b869b948c5b3d111753977ba8f4292f94f98e859ac19067cee9309c8aae45e3"}}