2014 Life and Health Qualifications Seminar

The 2014 Life and Health Qualifications Seminar is Closed


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?


See why so many of your peers find this seminar the most efficient way to acquire the required basic education and continuing education to be qualified to sign the NAIC annual statement actuarial opinions.

This seminar is a major source of instruction for actuaries who wish to be qualified to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but may not have met the basic education requirements set forth in Section 3.1.1 of the U.S. Qualification Standards. Register early as seating is limited to the first 100 people!

The Academy has been offering this seminar and the optional examination at the end of the course every year since its inception in 2000. The 2014 seminar will be held Nov. 10-13, in Arlington, Va.

DETAILS

Life and Health Qualifications Seminar
November 10-13, 2014
Key Bridge Marriott
Arlington, Va.

On this page, you will find:

Who should attend?

If you are a fellow who completed the exam process between 2000-2006, or an associate or fellow who has not otherwise satisfied the basic education requirements of Section 3 of the U.S. Qualification Standards (USQS), you may not meet the qualifications for signing the actuarial opinions for either the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank).

Other seminar candidates include:
  • Foreign actuaries who intend to practice in the United States (who must also meet the general qualification of the U.S. Qualification Standards);
  • Actuaries who intend to change their practice area to sign NAIC life and health actuarial opinions;
  • Actuaries who are looking for continuing professional education in compliance with Section 3 of the U.S. Qualification Standards;
  • Actuaries who wish to learn about life and health statutory requirements; and
  • Regulators who wish to learn about life and health actuarial topics or simply augment their knowledge.


Purpose

The seminar provides the state- and country-specific basic education that may not have been provided as part of the SOA examination process or otherwise acquired through subsequent testing or alternative education. It can also serve as a basic education refresher or as a source of required continuing education for more experienced actuaries.

The Academy offers this seminar to instruct and test actuaries on the basic education subjects required by the Specific Qualification Standard of the U.S. Qualification Standards. This seminar is offered annually by the Academy and cosponsored with the Society of Actuaries.
 
Seminar sessions include topics such as:
  • Asset adequacy testing;
  • Statutory insurance accounting;
  • Valuation and nonforfeiture requirements;
  • Health insurance valuation topics;
  • Premium, loss, expense, and contingency reserves; and
  • Risk-based capital.
Session presenters will address topics including rules and regulations that may impact your NAIC annual statement opinion related to principle-based reserving and the Affordable Care Act. 
 

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CE Credit

The American Academy of Actuaries believes in good faith that this event constitutes an Organized Activity as defined by the current U.S. Qualification Standards. Under the Standards, a credit hour is determined to be 50 minutes and hourly fractions may be counted. In accordance with the U.S. Qualification Standards, you may earn the following continuing education credits for attending the first three days of the Seminar, using a 50-minute credit hour formula:
  • 7.8 (general, applicable to life or health specialty)
  • 7.5 (additional life specialty)
  • 9.0 (additional health specialty)
  • 3.0 (professionalism)
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U.S. Qualification Standards

If an actuary wishes to issue an SAO, he or she 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 also 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; and
  • 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; and
  • Social insurance.
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Faculty

The seminar will be taught by recognized industry experts. Scheduled instructors include the following:
  • Donna Claire, President, Claire Thinking Inc.
  • Keith Jones, General Counsel and Director of Professionalism, American Academy of Actuaries
  • Darrell Knapp, Executive Director, Ernst & Young LLP
  • Louis Lombardi, Principal, PricewaterhouseCoopers
  • Craig Morrow, VP and Actuary, The Hartford Life Insurance Companies
  • Sheldon Summers, Actuary, Claire Thinking Inc.
  • William Thompson, Principal and Consulting Actuary, Milliman
  • D. Joeff Williams, Consultant, Actuarial Management Resources
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Registration

Seminar fees

Fee Member Non-member Government
Registration fee
(received by Sep. 12, 2014)
$1,700   $2,050   $850  
Registration fee
(received by Oct. 24, 2014)
$1,900   $2,250   $850  
Reading materials ONLY
for non-attendees
$500   $500   $500  
             


How to Register


Registration closed!

Registration for Academy members

  • Register online. (The fastest, most efficient way to register: Since you will log in, you won’t need to fill in your name and address.)
  • Register by fax or mail. Print out registration form and fax or mail it to the Academy.

Registration for non-members

  • Register by fax or mail. Print out a registration form and fax or mail it to the Academy.

Registration for government actuaries

  • Register by fax or mail. Print out a registration form and fax or mail it to the Academy.
  • Register online. (closes at 5:00pm Eastern, October 24, 2014). The fastest and most efficient way to register if you are an Academy member.
  • Register by fax or mail (closes at 5:00pm Eastern, October 24, 2014). Print out a registration form and fax or mail it to the Academy.

Registration for non-members

  • Register by fax or mail (closes at 5:00pm Eastern, October 24, 2014). Print out a registration form and fax or mail it to the Academy.

Mail the form to:

American Academy of Actuaries
Attn: Doreen Moaning
1850 M Street NW, Suite 300
Washington, DC  20036

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Cancellation Policy

Cancellations should be made via e-mail to Doreen Moaning at moaning@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. Moaning receives a written request for a refund no later than Oct. 17, 2014.

If a written request for a refund or a credit is received after Oct. 17 and before Oct. 29, the Academy will refund the registration payment (but not the $500 reading materials fee), minus $200 for administrative fees.

No refunds or credits will be given for cancellations made after Oct. 29, 2014.

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 cancelled.
 
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Hotel

The seminar is 3.5 days long and will be offered only once in 2014, from 8:00 a.m. Monday, Nov. 10, to 11:30 a.m. Thursday, Nov. 13, at the Key Bridge Marriott, in Arlington, Va. Registration begins on Sunday evening, November 9, at 6:00 p.m.

Registrants can receive a special room rate of $189.00 per night (single or double occupancy), plus tax, for the nights of Nov. 9-13, if the reservation is made on or before Oct. 24, 2014. Overnight parking is included.

Click here for online reservations. You can also call Reservations toll free at 1-888-236-2427. Be sure to mention the Academy’s Life and Health Qualifications Seminar.

Reservations must be guaranteed by a major credit card. Directions to the hotel are provided on the hotel’s Web site at www.keybridgemarriott.com. Please note that the opening session on Monday begins promptly at 8:00 am. Attendees are therefore strongly encouraged to check-in on Sunday.

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Questions?

For additional information, please contact Doreen Moaning by email (moaning@actuary.org) or phone (202-223-8196).