General | American Academy of Actuaries

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1. To whom do the U.S. Qualification Standards (USQS) apply?

The USQS apply to members of the five U.S.-based actuarial organizations who issue Statements of Actuarial Opinion (…

2. If a credentialed actuary is working directly under the supervision of another credentialed actuary, does he or she need to meet the requirements of the U.S. Qualification Standards (USQS)?

All actuaries providing any Statement of Actuarial Opinion (SAO), oral or written, in the U.S. in a calendar year must…

3. Is it possible for an actuary to lose his or her actuarial credential from one or more of the five U.S.-based actuarial organizations by issuing a Statement of Actuarial Opinion (SAO) without meeting the U.S. Qualification Standards (USQS)?

By issuing an SAO without meeting the USQS, an actuary may violate Precept 2 of the Code of Professional Conduct…

4. To what extent do the U.S. Qualification Standards (USQS) cover non-actuarial services performed by actuaries?

The USQS apply only to actuaries who issue Statements of Actuarial Opinion (SAOs) in the United States. Appendix 1…

5. If an actuary residing in the U.S. issues Statements of Actuarial Opinion (SAOs) relied on solely by Principals in other countries, must that actuary comply with the requirements of the U.S. Qualification Standards (USQS)?

The USQS applies to actuaries providing SAOs in the United States. Under Precept 2 this means the actuary “…