ABCD highlights

The Actuarial Board for Counseling and Discipline (ABCD), which is housed at the Academy, was established by the U.S. actuarial organizations to strengthen members' adherence to the recognized standards of ethical and professional conduct. The ABCD responds to actuaries' requests for guidance on professional issues and it conducts inquiries into possible violations of the actuarial Code(s) of Professional Conduct.

As of Sept. 30, 2009, the ABCD had 44 inquiries in process, compared with 16 at the same time in 2008. Of those 44 cases, one was scheduled for a hearing, five were awaiting investigation, one was in suspension, 35 were awaiting more information from the complainant, the subject actuary, or others, and two were pending finalization by the ABCD.

The ABCD resolved 11 cases during the first three quarters of 2009. Five were dismissed, five were dismissed with guidance, and one ended with a recommendation for public reprimand.

By Sept. 30, 2009, the ABCD had also received 28 requests for guidance, and it continued its educational outreach efforts throughout the year. ABCD representatives made educational presentations at actuarial meetings and continued to write "Up to Code," which appears in each issue of Contingencies magazine.

ABCD resources

ABCD publications and other resources related to counseling and discipline are available on the ABCD website.

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