Webinar: Precept 13—How Do I Comply in a Self-Regulating Profession?

September 13, 2012
12:00-1:30 p.m. Eastern


Do you know what to do when you have knowledge of an apparent, unresolved, material violation of the Code of Professional Conduct (Code) by another actuary? The answer can be found in Precept 13 of the Code. Actuaries have a long record of effective self regulation. Your understanding of Precept 13 is vital to ensuring that you are fulfilling the profession’s responsibilities to the public, and your responsibilities to your clients, your employer—as well as to the actuarial profession.

The application of Precept 13 sometimes can be challenging because it requires members of the U.S. actuarial profession to apply it when they become aware that another actuary may have violated the Code.

The Academy’s Committee on Professional Responsibility has developed a discussion paper to help actuaries consider their Precept 13 responsibilities. During the webinar, committee members discussed many of the issues surrounding Precept 13—and why this precept is essential to a self-regulating profession.
 
This webinar was presented by the Academy’s Council on Professionalism and co-sponsored by the ASPPA, CAS, CCA, and SOA.

NOTE ON JBEA CE CERTIFICATE OF ATTENDANCE: You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and you must request your certificate by completing the online form within 30 days of attending the live event.

WEBINAR RESOURCES


 

PRESENTERS*

  • Sharlene Tracy Braun, MAAA, EA, FCA, MSPA, member of the Committee on Professional Responsibility
  • Lloyd M. Spencer Jr., MAAA, CERA, FSA, member of the Committee on Professional Responsibility
  • Moderator: Sheila J. Kalkunte, Academy Assistant General Counsel
*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the boards or committees of the Academy, or the Actuarial Board for Counseling and Discipline.

 

 

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that your attendance at this live professionalism webinar, “Precept 13—How Do I Comply in a Self-Regulating Profession,” constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
 

JBEA CPE Credit

The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.
 
If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE core ethics credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics or non-ethics continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar ONLY, instructions will be given to attendees on the process for obtaining certificates of attendance.
 
To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present at your webinar location, according to the JBEA regulations.