2016 Life and Health Qualifications Seminar

“This seminar overall 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?

This seminar is the most efficient way to acquire the basic and continuing education required to sign the NAIC life and health annual statement actuarial opinions.

Actuaries who want to issue actuarial opinions for either the NAIC Life and A&H Annual Statement or the NAIC Health Annual Statement but have not met the basic education requirements set forth in Section 3.1.1 of the U.S. Qualification Standards (USQS) should make plans to attend.

The 2016 seminar will be held Nov. 13-17, in Arlington, Va. (Check-in begins the evening of Nov. 13.) Register early; seating is limited to the first 100 registrants.

Please note: Attendees will receive the seminar slides for the course sessions only in an electronic format.


Life and Health Qualifications Seminar
November 13-17, 2016
Key Bridge Marriott
Arlington, Va.

On this page, you will find:

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), including:
  • Fellows who completed the exam process between 2000 and 2006
  • Associates or fellows who have not otherwise satisfied the basic education requirements of Section 3 of the USQS
  • Foreign actuaries who intend to practice in the United States (who must also meet the general qualification 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 Section 3 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


The seminar provides the state- and country-specific basic education that may not have been provided as part of the examination process of the Society of Actuaries 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 USQS. Since 2000, this seminar has been offered annually by the Academy with the assistance of 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
  • 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 minimum continuing education credits for attending the first three days of the seminar, 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 (or more professionalism)
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U.S. Qualification Standards

Actuaries wishing to issue a statement of actuarial opinion 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)

(Covered by Exams ILA-DP-US, ILA-CSP-US)

  • 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)

(Covered by Exams GH-DP, GH-CSP)

  • Principles of insurance and underwriting
  • Principles of ratemaking
  • Statutory insurance accounting and expense analysis
  • Premium, loss, expense, and contingency reserves
  • Social insurance
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The seminar will be taught by recognized industry experts. Scheduled instructors include:
  • Donna Claire, president, Claire Thinking Inc.
  • Paul Kollmer-Dorsey, general counsel and director of professionalism, American Academy of Actuaries
  • Darrell Knapp, executive director, Ernst & Young LLP
  • Louis Lombardi, retired partner, 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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Seminar fees

Fee Member Nonmember Government
Early registration fee
(received by Sept. 12, 2016)
$1,700   $2,050   $850  
Registration fee
(received by Oct. 21, 2016)
$1,900   $2,250   $850  
Reading materials ONLY
for nonattendees
$500   $500   $500  

Members: Click here to register online.
Nonmembers: Click here to register online. If you prefer to register via fax/mail, you can download the registration form and either fax or mail the form to us.

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Cancellation Policy

Cancellations should be made via e-mail 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. 20, 2016.
If a written request for a refund or a credit is received after Oct. 20 and before Oct. 30, 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. 30, 2016.

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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The seminar is 3.5 days long and will be offered only once in 2016, from 8:00 a.m. Monday, Nov. 14, to 11:30 a.m. Thursday, Nov. 17, at the Key Bridge Marriott, in Arlington, Va. Check-in begins on Sunday evening, Nov. 13, from 6:00-8:00 p.m. Registrants can receive a special room rate of $199 per night (maximum 4 guests per room), plus tax, for the nights of Nov. 13-16, if the reservation is made on or before Oct. 24, 2016. Overnight parking is included.

Click here for online reservations. You can also call to make a reservation at 1-800-676-2959. 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 here. Please note that the opening session on Monday begins promptly at 8:00 a.m. Attendees are strongly encouraged to check in on Sunday.

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