Finance Department

 

Date of this Version

1999

Document Type

Article

Citation

Journal of Actuarial Practice 7 (1999), pp. 107-124

Comments

Copyright 1999 Absalom Press

Abstract

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.

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