Exchange Currency

commissioners' annuity reserve valuation method (CARVM)

By statute, annuities are required to have cash reserves. There are several different methods by which CARVM can be calculated. In all cases, the cash reserve of the annuity must be greater or equal to the value calculated by CARVM. CARVM is always equal to the greatest net present value of all future guaranteed benefits.

Related information about commissioners' annuity reserve valuation method (CARVM):
  1. Commissioners' Annuity Reserve Valuation Method (CARVM ...
    A term denoting statutory cash reserves for annuities. CARVM can be calculated according to several different methods. The cash reserve of the annuity must be ...
     
  2. Commissioners Annuity Reserve Valuation Method (CARVM)
    The commissioners annuity reserve valuation method (CARVM) was. first defined by the National Association of Insurance Commissioners. (NAIC) in the 1976 ...
     
  3. What is commissioners' annuity reserve valuation method (CARVM ...
    Definition of commissioners' annuity reserve valuation method (CARVM): By statute, annuities are required to have cash reserves. There are several different ...
     
  4. Commissioners' Annuity Reserve Valuation Method - CARVM ...
    Commissioners Annuity Reserve Valuation Method (CARVM) Term for statutory reserves for annuities that can be calculated using various methods but at the.
     
  5. Part III - Internal Revenue Service
    Commissioners' Annuity Reserve Valuation Method (CARVM) prescribed by the. National Association of Insurance Commissioners (NAIC) which is in effect on ...
     
  6. Life and Annuity Valuation Issues - Society of Actuaries
    consistent with the Commissioners Annuity Reserve Valuation Method (CARVM). One important thing to remember is that CARVM requires that one take the ...
     
  7. MaryLand - Society of Actuaries
    commissioners annuity reserve valuation method (CARVM). The issue has to do with annuities with, for example, a cliff-surrender charge: at the end of a contract ...
     
  8. GC - American Academy of Actuaries
    Guideline codifies the basic interpretation of the Commissioners Annuity Reserve Valuation Method (CARVM) by clarifying the assumptions and methodologies ...