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In the insurance context an actuarial reserve is the present value of the future cash flows of an insurance policy and the total liability of the insurer is the sum of the actuarial reserves for every individual policy. Regulated insurers are required to keep offsetting assets to pay off this future liability.
The size of a CRVM reserve, as with most life reserves, is affected by the age and sex of the insured person, how long the policy for which it is computed has been in force, the plan of insurance offered by the policy, the rate of interest used in the calculation, and the mortality table with which the actuarial present values are computed.
A Credit valuation adjustment (CVA), [a] in financial mathematics, is an "adjustment" to a derivative's price, as charged by a bank to a counterparty to compensate it for taking on the credit risk of that counterparty during the life of the transaction.
The 4th Supply Battalion is a battalion of the United States Marine Corps Reserve that specializes in distributing and warehousing military goods and equipment. . Headquartered in Newport News, Virginia, they fall under the command of the 4th Marine Logistics Group and Marine F
The Academy is often asked by the National Association of Insurance Commissioners (NAIC) to provide input on actuarial issues, and has provided the NAIC with a number of reports and statements. [8] On occasion, the Academy has submitted amicus briefs on court cases that are of interest to the actuarial profession. [ 9 ]
NAS (Naval Air Station) Norfolk started its roots training aviators at Naval Air Detachment, Curtiss Field, Newport News, on May 19, 1917.Approximately five months later, with a staff increasing to five officers, three aviators, ten enlisted sailors and seven aircraft, the detachment was renamed Naval Air Detachment, Naval Operating Base, Hampton Roads.
SS Cornhusker State (T-ACS-6) is a crane ship in ready reserve for the United States Navy. She is stationed in Newport News, Virginia under operation control of the Military Sealift Command (MSC). The ship was named for the state of Nebraska, which is also known as the Cornhusker State.
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