# ASC 944-80-30: Financial Services—Insurance — Separate Accounts — 30 Initial Measurement

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/944/80/#30-initial-measurement)

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## ASC 944-80-30: 30 Initial Measurement

[Read section](https://asc.understandingaccounting.org/asc/944/80/#30-initial-measurement)

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##### [944-80-30-1](https://asc.understandingaccounting.org/asc/944/80/#944-80-30-1)

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The portion of [separate account](https://asc.understandingaccounting.org/glossary/s/#separate-account "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.") assets representing contract holder funds recognized under paragraph [944-80-25-3](https://asc.understandingaccounting.org/asc/944/80/#944-80-25-3) shall be measured initially at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "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.").