CRVM - Commissioners Reserve Valuation Method

  • 1979 - SOA - Adjustable Life Expense Allowances Under The Commissioners Reserve Valuation Method, Society of Actuaries - 36p
  • 1984-1, NAIC Proceedings, Reserves Examples
  • 1994 - SOA - Valuation Actuary Symposium Proceedings - Sessions 8 - Life and Deferred Annuity Life and Deferred Annuity Liability Models, Society of Actuaries - 32p
  • 1994 - SOA - Valuation Actuary Symposium Proceedings - Sessions 8 - Life and Deferred Annuity Life and Deferred Annuity Liability Models, Society of Actuaries - 32p

    • The funding level affects: 1. Universal life commissioners reserve valuation method reserves -- In particular the r factor is the ratio of the actual fund value to the guaranteed maturity fund. Since r is capped at I00%, using a ratio based on the average fund for all policies may not produce the actual reserve.

    • Separate the policies based on the guaranteed maturity fund(i.e., greater than and less than the guaranteed maturity fund). This recognizes the differences in the r factor