Commissioners Annuity Reserve Valuation Method Carvm


Definition of "Commissioners annuity reserve valuation method (carvm)"

Term for statutory reserves for annuities that can be calculated using various methods but at the minimum, the reserve must be at least equal to the CARVM. The CARVM equals the greatest present value of future guaranteed benefits to include non forfeiture benefits in excess of future required premiums. Not included in this calculation are expenses and policy lapses.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Occupational Safety And Health Act (osha)

1970 legislation that set federal standards for workplace safety and imposed fines for failure to meet them. A controversial law, it took much of the ...

Claim Department

Section of an insurance company that evaluates claims for their subsequent payment. ...

Malicious Mischief

Intentional damage or destruction of another person or business's property. Insurance can be purchased by the owner of the property to protect against ...

Temporary Major Medical Insurance

Modification of the major medical insurance policy that provides coverage for the terminating employee who otherwise would not be covered by a health ...

Interest Rate Floor

Lower limit on the maximum possible interest rate an insurance company will pay. If the market interest rates are below that lower limit, the insuranc ...

State Savings Guarantee Corporation

State-sponsored insurance fund that was intended to guarantee deposits at state-chartered savings institutions. A handful of these funds existed in th ...

Popular Real Estate FAQ

What Do I Need To Know About Watercraft Insurance?

You need separate coverage for the variety of risks you face when storing, launching, hauling or running your seaworthy vessel. Boats, and other water ...

What Should I Do If I'm In An Accident?

1.- Stay Calm. Determine the injuries and or damage. 2.- Call the police. File an accident report and obtain medical assistance if needed. 3.- L ...

How Do I File An Insurance Claim?

Call your Insurance agent or Insurance Company \"Claims Hotline\" as soon as possible. Getting your agent\'s help, may speed things along. ...

What Do I Need To Know About Motorcycle Insurance?

You need an insurance policy that is tailored in your needs in mind. Take liability for example. Guest passenger liability helps protect you bodily in ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you own and the reasons to protect them. The year of ...

What Do I Need To Know About RV Insurance?

Your motor home can be both your transportation and your home away from home. So like your auto and your home, you need to safeguard it with the prope ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add real estate terms app
on your Website

Real Estate Advice

Spring Landscaping Ideas to Improve Curb Appeal and Sell Your House DIY Home Improvement to Increase Your Home Value Moving Tips: House Relocation Stress Free Increase Your Home Value With These Home Improvement Ideas Down Payment: Everything You Wanted to Know

FAQ

Is depreciation common? What is equity? What is a mortgagor? How big is an acre? What is a conventional mortgage?