C5 of the Valuation of Life Insurance Liabilities - I am reading in the ACE manual a note that says the most common methods of Valuation Methodologies are NLP and CRVM.
If the prescribed method for statutory valuation is NLP - then doesn't that make NLP CRVM? I thought CRVM was just whatever the commissioner requires for stat reserves?
If the prescribed method for statutory valuation is NLP - then doesn't that make NLP CRVM? I thought CRVM was just whatever the commissioner requires for stat reserves?
NLP vs CRVM