CRVM definition

CRVM means the Commissioners Reserve Valuation Method as set forth in the Standard Valuation Law, as amended.
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Examples of CRVM in a sentence

  • The statutory reinsurance reserve is the excess of the reserves required by Regulation XXX over the reserves required by the Commissioners’ Reserve Valuation Method (CRVM) on the portion reinsured for each policy.

  • ALLSTATE will automatically reinsure the CARVM and CRVM Expense Allowance for the Policies, as reflected in the calculation specified in Article IV, Item 2 (e).

  • For purposes of clarification, the parties acknowledge and agree that: (i) ALLSTATE will pay all commissions and other acquisition expenses under paragraph 2 of this Article IV; and (ii) the CARVM and CRVM expense allowance will be funded by ALLSTATE.

  • There will be no increases in SSLIC's reserves required after December 31, 1998 as a result of the change from the California method to the CRVM method in excess of the reserves previously established by SSLIC prior to such date.

  • ALLSTATE will automatically reinsure the CARVM and CRVM Expense Allowance for the Policies, as reflected in the calculation specified in Article IV, Item (e).

  • The calculated CARVM or CRVM reserves will be based on the regulatory requirements in the Company's State of domicile including, but not limited to, Actuarial Guideline 33 ("Determining CARVM Reserves for Annuity Contracts with Elective Benefits") and Actuarial Guideline 34 ("Variable Annuity Minimum Guaranteed Death Benefit Reserves").

  • For purposes of clarification, the parties acknowledge and agree that: (i) ALLSTATE will pay all commissions and other acquisition expenses under paragraph 2 of this Article IV; and (ii) the CARVM and CRVM expense allowance will be funded by ALLSTATE and the negative liability will be transferred from LBL's separate account to ALLSTATE's separate account.

  • The CARVM Account is the expense allowance provided by the use of the Commissioners Annuity Reserve Valuation method ("CARVM") or the Commissioners Reserve Valuation Method ("CRVM") and, at any point in time, is equal to the excess of the policyholder account value over the CARVM or CRVM reserves calculated.

  • Reserve Liabilities with respect to the Restructured Life Contracts are at least as great as those that would be calculated by applying the CRVM Method to such Policies.

Related to CRVM

  • TMDL means the total maximum daily load limitation of a parameter, representing the estimated assimilative capacity for a water body before other designated uses are adversely affected. Mathematically, it is the sum of wasteload allocations for point sources, load allocations for non-point and natural background sources, and a margin of safety.

  • CSDCC means the China Securities Depository and Clearing Co., Ltd. “CSRC” means the China Securities Regulatory Commission.

  • SAQA means the South African Qualifications Authority;

  • MP means Monongahela Power Company, an Ohio corporation.

  • MB means megabyte, which is equal to 1024 kilobytes or 1,048,576 bytes of digital information.