Professionalism news

The Council on Professionalism encourages actuaries to achieve and maintain a high level of professionalism in their practice. It coordinates its activities with two boards that operate independently and serve the U.S. profession: the ASB and the ABCD.

John Gleba is the Academy's vice president for professionalism issues.

Professionalism Webinar Recordings Available to Members

A valuable benefit of Academy membership is free and unlimited access to the Council on Professionalism’s entire—and growing—library of professionalism webinars, which date back to September 2007. Academy members can earn continuing education (CE) credits by listening to these pre-recorded webinars. These credits can be counted toward the annual required three hours of continuing education on professionalism topics, as detailed in the U.S. Qualification Standards (Section 2.2). Click here to see a list of professionalism webinars and to access the links for the recorded presentations and audio files. (01/26/12)

Keeping Up Internationally—Recorded webinar and slides available

If you missed the Council on Professionalism’s fourth webinar of 2011 on Dec. 15, click here to download the recorded audio presentation or here for the slides. Council members Curtis Huntington and Godfrey Perrott discussed the International Actuarial Association and how its activities potentially affect U.S. actuaries. Presenters also discussed why actuaries should keep up with current international events and stay informed of proposed changes. (12/16/11)

Committee Letter to Arizona Insurance Department

The Committee on Qualifications co-signed a letter with the health practice council Vice President to the Arizona insurance director pointing out that their regulatory definition of “qualified actuary” for health premium actuarial certifications was inappropriate and suggested corrective language. (11/18/11)

New Policy: All Academy Committee Members Required to Comply with CE Requirements

The Academy Board of Directors adopted at its October 28, 2011, meeting a recommendation from the Council on Professionalism that all Academy members who are members of any Academy board, committee, subcommittee, work group, task force, etc. (“committee”) annually must comply and attest to their compliance with the continuing education (CE) requirements of the U.S. Qualification Standards to serve as members of such committee. Please click here for more information. (11/16/11)

Committee on Qualifications Responds to SOA Letter

The Academy’s Committee on Qualifications sent a letter to the Society of Actuaries in response to their letter raising questions about the qualification requirements for actuaries to change areas of practice under Section 2.1 of the U.S. Qualification Standards.

Audio and slides available for Sept. 21 Code of Professional Conduct webinar: Applying the same code in uncertain economic times

The presentation slides and audio recording of this live Sept 21 webinar is available. This webinar provided both a primer and a refresher course on what the Code means to practicing actuaries in unsteady economic times. Speakers discussed how code compliance assures the integrity and quality of the actuary’s work, details of the Code’s precepts, and what may constitute a violation, and much more. Learn more! (10/18/11)

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• Slides

Audio and Slides Available for The Profession's Responsibility to the Public webinar

The presentation slides and audio recording of the live June 29 webinar The Profession's Responsibility to the Public, are available for download. Presenters discussed the profession's responsibility to the public; Precept 1 of the Code of Professional Conduct; the state of the profession; and the key aspects on maintaining the profession's relevance. (06/30/11)

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Registration for the 2011 Life and Health Qualification Seminar, Nov. 7-10

REGISTRATION IS CLOSED FOR THIS SEMINAR

This seminar is the primary 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 specific knowledge requirements set forth in the U.S. Qualification Standards. Experienced FSAs and career ASAs with an intention to change practice areas, or those looking for an excellent source of continuing education required under the U.S. Qualification Standards also should attend. Seats are limited for this event—register today! (06/10/11)

New Professionalism Discussion Paper

The Academy's Council on Professionalism has published a discussion paper entitled Conflicts of Interest When Doing Volunteer Work. This paper is intended to assist current and future Academy volunteers in identifying and resolving potential conflict of interest issues that may arise when providing volunteer services to the Academy. This paper is also incorporated into the revised Academy conflict of interest policy.

Pension Standards of Practice - Learn What's New and What's Changing

Download the presentation and audio files from the Dec. 3 webinar, Pension Standards of Practice - Today and Tomorrow. Presenters discussed key elements changes for measuring pension obligations and covered several ASOPs relating to the standards designed to provide guidance on this matter.

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Download Webinar Audio and Slides: Topics for Maintaining a High Standard of Professionalism

Interactive and resourceful 90-minute webinar, Best of "Up to Code," provides actuaries relevant issues in maintaining a high standard of professionalism.

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You've got Qualification Standards questions?
The Academy has answers.

This June 17 webinar, sponsored by the Academy's Council on Professionalism, and co-sponsored by ASPPA, CAS, CCA, and SOA, provided a general review of the U.S. Qualification Standards, examined some of the more complicated questions raised since the implementation of the revised standards, and discussed the SOA's Continuing Professional Development (CPD) Requirement.

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Council Submits Letter on MHPAEA

The Council submits a letter to the Department of Health and Human Services in connection with the interim final rules under the Mental Health Parity and Addiction Equity Act of 2008 and its use of the terms "qualified and licensed" actuary who is a "member in good standing" of the Academy.

Letter to the North Carolina Department of Insurance

The Academy writes to the North Carolina Department of Insurance regarding the Department's proposal to change the definition of "qualified actuary."

Committee On Qualifications comments on Second Exposure Draft of ASOP No. 41

The Academy's Committee on Qualifications comments to the Actuarial Standards Board regarding proposed revisions to ASOP No. 41.

Applicability Guidelines

The previously published applicability guidelines have been updated by the Council on Professionalism, with the assistance of the Academy's practice councils, to reflect changes to existing actuarial standards of practice (ASOPs), additions of new ASOPs, and elimination of repealed ASOPs, through December 2009. The applicability guidelines provide actuaries with nonauthoritative guidance as to which actuarial standards of practice might apply to them as they perform certain tasks in their actuarial roles.

Webcast on RDS attestations

This March 24 webcast, sponsored by the Academy's Council on Professionalism and Health Practice Council, and co-sponsored by the ASPPA, CAS, CCA, and SOA, provided basic information regarding applicable qualification standards to be considered by actuaries, and addressed the more common issues related to providing RDS attestations.

• Webcast handouts.

CE resources

• The North American Actuarial CE Calendar, with quick links to CE events in the United States and Canada
• CE record-keeping form

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