nonforfeiture law

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• nonforfeiture law — noun : a law requiring life insurance companies within certain limitations to grant surrender values on policies for which premium payments have been discontinued …   Useful english dictionary

• nonforfeiture option — see option 4 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

• Commissioners' Annuity Reserve Valuation Method - CARVM — A term denoting statutory cash reserves for annuities. CARVM can be calculated according to several different methods. The cash reserve of the annuity must be greater or equal to the value calculated by the CARVM. The CARVM is equal to the… …   Investment dictionary