CE credit
U.S. Qualification Standards
Cancellation Policy
Agenda at a Glance
“This seminar gave me an excellent source of information to better perform the actuarial review of an annual statement. I consider it critical for all candidates with the intention to complete the actuarial opinion of an annual statement.”

– Previous seminar attendee
Do you meet the basic and continuing education requirements of Section 3 of the U.S. Qualification Standards to issue actuarial opinions for the NAIC Life or Health Annual Statements?

Attend the Academy’s annual Life and Health Qualifications Seminar for the most efficient way to acquire the basic and continuing education required to sign the NAIC life and health annual statement actuarial opinions.
Seating is limited to the first 100 registrants.
The Academy offers this seminar each year to instruct and test actuaries on the basic education subjects required by the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS) to allow them to qualify to sign the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank). This seminar also can serve as a basic education refresher or as a source of required continuing education for more experienced actuaries.
Seminar sessions include topics such as:
  • Asset adequacy testing
  • Actuarial opinions
  • Cash flow testing
  • Statutory insurance accounting
  • Life insurance
  • Annuities
  • Reinsurance
  • Valuation and nonforfeiture requirements
  • Overview of health insurance
  • Health claim reserves and health insurance valuation topics
  • Premium, loss, expense, and contingency reserves
  • Principle-based reserving (PBR)
  • Risk-based capital
  • Actuarial professionalism

Who Should Attend?

Actuaries who may not meet the qualifications for signing the actuarial opinions for the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank) under the USQS, including:
  • Fellows who completed the exam process between 2000 and 2006
  • Actuaries who have not otherwise satisfied the basic education and specific knowledge requirements of the Specific Qualification Standards of the USQS
  • Actuaries who intend to change their practice area to sign NAIC life or health actuarial opinions
  • Actuaries who are looking for continuing education in compliance with the Specific Qualification Standards of the USQS
  • Actuaries who wish to learn about life and health statutory requirements
  • Regulators who wish to learn about life and health actuarial topics or simply augment their knowledge
  • Foreign actuaries who intend to practice in the United States (who must also meet the general qualification of the USQS)
Please note: Attendees will receive the seminar slides and reading materials for the course sessions only in an electronic format.


The 2017 seminar is SOLD OUT, but a wait list is now available. Please email Doreen Hoyle to be placed on the wait list to attend this event.  If you are interested in purchasing the reading materials only, you can still do so by emailing your request to Doreen Hoyle 

Fee (Includes Reading Materials) Member Nonmember Government
Early (Ends Sept. 15, 2017) $1,700   $2,050   $850  
Regular* (Ends Oct. 27, 2017) $1,900   $2,250   $850  
Reading materials ONLY
for nonattendees
$500   $500   $500  

CE Credit

The American Academy of Actuaries believes in good faith that this event constitutes an Organized Activity as defined in the U.S. Qualification Standards and that, by attending the first three days of the seminar, you may earn the following minimum continuing education credit hours, using a 50-minute credit hour formula:
  • 6.6 (general, applicable to life or health specialty)
  • 8.7 (additional life specialty)
  • 9.0 (additional health specialty)
  • 2.7 (professionalism)


Limited space remains in the Academy's room block. The seminar will be held at the Key Bridge Marriott in Arlington, Va., starting at 8 a.m. Monday, Nov. 13 and running to 11:30 a.m. Thursday, Nov. 16. The Academy has secured a special room rate of $209 per night (maximum 4 guests per room), plus tax, for the nights of Nov. 12–15. This rate is available through Oct. 20, 2017, or until the room block is full. Overnight parking is included. To make your reservation, either click here or call 800-676-2959. Be sure to mention the Academy’s Life and Health Qualifications Seminar. Reservations must be guaranteed by a major credit card.
When making your travel arrangements, note that early registration begins Sunday evening, Nov. 12, from 6 to 8 p.m., and that the opening session will start promptly at 8 a.m. on Monday, Nov. 13. Attendees are strongly encouraged to check in on Sunday.
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Specific Knowledge Requirement of the USQS Specific Qualification Standards

Actuaries wishing to issue a statement of actuarial opinion under the Specific Qualification Standards (Section 3 of the USQS) must, among other requirements, “be knowledgeable, through examination or documented professional development, of the Law (i.e., statutes, regulations, judicial decisions, and other statements of legally binding authority) applicable to the Statement of Actuarial Opinion.” To meet the additional Specific Qualification Standard, which applies to reserve opinions for the NAIC Annual Statement Blanks, an actuary must obtain, through examination or alternative education, specific knowledge in the following topical areas:*

Life and A&H (Blue Blank)
  • Policy forms and coverages
  • Investments and valuations of assets, and the relationship between cash flows from assets and related liabilities
  • Dividends and reinsurance
  • Statutory insurance accounting
  • Valuation of liabilities
  • Valuation and nonforfeiture laws
Health (Orange Blank)
  • Principles of insurance and underwriting
  • Principles of ratemaking
  • Statutory insurance accounting and expense analysis
  • Premium, loss, expense, and contingency reserves
  • Social insurance
*Actuaries wishing to issue these statements of actuarial opinion must also meet the basic education and experience requirement of the General Qualification Standard (USQS, Section 2.1) For more information, see the USQS.
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The seminar will be taught by recognized industry experts. Scheduled instructors include:
  • Rhonda Ahrens, MAAA, FSA
  • Donna Claire, MAAA, FSA, CERA
  • Darrell Knapp, MAAA, FSA
  • Craig Morrow, MAAA, FSA, CERA
  • David Neve, MAAA, FSA, CERA
  • Sheldon Summers, MAAA, FSA
  • Keith Passwater, MAAA, FSA
  • Bill Thompson, MAAA, FSA
  • Joeff Williams, MAAA, FSA
  • Paul Kollmer-Dorsey, General Counsel and Director of Professionalism, American Academy of Actuaries

Cancellation Policy

Cancellations should be made via email to Doreen Hoyle at hoyle@actuary.org. The Academy will refund the registration fee (as well as the $500 reading materials fee, if the reading materials have not yet been sent to the registrant), minus $100 for administrative fees, if Ms. Hoyle receives a written request for a refund by Oct. 27, 2017.  
If a written request for a refund is received after Oct. 27 and before Nov. 3, the Academy will refund the registration payment (but not the $500 reading materials fee), minus $200 for administrative fees.

No refunds will be given for cancellations made after Nov. 3, 2017.

The Academy reserves the right to cancel the seminar if conditions warrant. In the event of such cancellation, registration fees will be refunded. The Academy will not be held liable for any airline or other costs candidates might incur as a result of a seminar being canceled.

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For additional information, please contact Doreen Hoyle by email or phone (202-223-8196).