User:Jfhutson/crvm

The Commissioners Reserve Valuation Method (CRVM) is the method prescribed by the Standard Valuation Law for calculation of the minimum statutory reserves for individual life insurance. Statutory reserves are amounts which life insurance companies must legally hold in reserve to ensure their ability to pay future death benefit claims. Life insurance is regulated by state governments in the United States, however, all states have adopted some version of the Standard Valuation Law, and so all life insurance companies in the United States must use the CRVM.

Calculation
CRVM is a type of modified reserve method.