Can You Hear Me Now? Actuarial Communications Under ASOP No. 41
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Dec. 21, 2016
Noon-1:30 p.m. EST
Actuarial Standard of Practice (ASOP) No. 41, Actuarial Communications, touches nearly every assignment an actuary works on, but its requirements call for professional judgment on the actuary’s part. Many actuaries have questions about how to implement it, particularly around disclosures.
This webinar featured Actuarial Board for Counseling and Discipline (ABCD) vice chairpersons Jan Carstens and Rick Block, who discussed ASOP No. 41 through the lens of their experiences on the ABCD. Using case studies and examples based on requests for guidance and cases submitted to the ABCD, they discussed documentation and communication in environments that have caused actuaries to seek counseling and guidance on how to apply the ASOP. Attendees gained greater clarity on what ASOP No. 41 means and how it applies in daily practice.
Richard A. Block, MAAA, EA, ASA, FSPA
Vice Chairperson, Actuarial Board for Counseling and Discipline
Area of expertise: Retirement Systems
Area of expertise: Health Benefit Systems
Academy General Counsel and Director of Professionalism
- The registration fee was $50.
- Government regulators were invited to attend free of charge.
*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the panelists’ employers or any boards or committees of the Academy or the Actuarial Standards Board or the Actuarial Board for Counseling and Discipline.
The American Academy of Actuaries believes in good faith that attendance at this live professionalism webinar constituted 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.