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Commissioners Annuity Reserve Valuation Method (Carvm), Keith P. Sharp
Commissioners Annuity Reserve Valuation Method (Carvm), Keith P. Sharp
Journal of Actuarial Practice (1993-2006)
This paper describes the commissioners annuity reserve valuation method (CARVM) and highlights the fundamental contrast with insurance valuation. Numerical examples illustrate methods of applying CARVM to particular annuity designs. The application of NAIC Actuarial Guideline 13 on bailouts is given particular attention.