Is that like a PRV, SUV, GUV, MPV, SPV, NRV, PCV or PMV?
Ban acronyms ASAP!
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"Did you get my e-mail?" - "The biggest problem in communication is the illusion that it has taken place" - George Bernard Shaw, 1856
I would imagine the OP means "Metal Oxide Varistor". I can't help much with a procedure, but I can guess that any real-world test is going to degrade the device. I would imagine that you could measure the clamping voltage without much damage, but if you try to test the peak current handling, you could very well damage the device. Try Google, you can probably find something relevant.
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