By statute, annuities are required to have cash reserves. There are several different methods by which CARVM can be calculated. In all cases, the cash reserve of the annuity must be greater or equal to the value calculated by CARVM. CARVM is always equal to the greatest net present value of all future guaranteed benefits.

Related information about commissioners' annuity reserve valuation method (CARVM):

1. Commissioners' Annuity Reserve Valuation Method (CARVM ...
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4. Commissioners' Annuity Reserve Valuation Method - CARVM ...
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5. Part III - Internal Revenue Service
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6. Life and Annuity Valuation Issues - Society of Actuaries
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7. MaryLand - Society of Actuaries
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8. GC - American Academy of Actuaries
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