ASOP No. 41, Actuarial Communications: Your Feedback Matters
September 30, 2022 | Noon to 1:30 p.m. EDT | USQS CE and JBEA CPE Eligible
Slides and audio are now available. To view them, log in to your Academy member account.
ABOUT THIS WEBINAR
One of the few actuarial standards of practice (ASOPs) that apply to every actuarial assignment for all practice areas—ASOP No. 41, Actuarial Communications—is being revised and is now open for comment. The presenters will discuss the basic guidance in the ASOP as well as proposed changes, including:
- Clarifications of key definitions;
- Clarification of disclosure requirements that apply to all actuarial communications versus those that apply only to actuarial reports;
- New guidance regarding the actuary opining on assumptions that do not conflict with what the actuary believes is reasonable;
- Expanded guidance on constraints or circumstances that might reduce the required disclosures in an actuarial report or the need for an actuarial report; and
- Expanded guidance on reliance on others.
Join us to hear more about actuarial communications, how these proposed changes may affect your work, and how you can submit comments.
- Darrell Knapp, MAAA, FSA
Chairperson, Actuarial Standards Board
- Robert Damler, MAAA, FSA
Vice Chairperson, Actuarial Standards Board
- Patricia Matson, MAAA, FSA
Chairperson, ASOP No. 41 Task Force
- Brian Jackson
General Counsel and Director of Professionalism
CONTINUING EDUCATION AND JBEA CPE CREDIT
The American Academy of Actuaries believes in good faith that attendance at this live webinar constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States, and that attendees may earn up to 1.8 organized continuing education (CE) credits for attending this live webinar.
We also believe in good faith that Enrolled Actuaries may earn up to 1.8 core continuing professional education (CPE) credits under the Joint Board for the Enrollment of Actuaries (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.
Please note recent updates to the process for requesting a Certificate of Attendance that were requested by the JBEA. Make sure to review these changes carefully to ensure you are eligible to request and receive your Certificate of Attendance for any Academy webinar.
- All EAs who want to receive a Certificate of Attendance must be registered either as an individual attendee or listed as part of a group registration and must submit their request within two business days of the event. You are still required to attest to your actual attendance for the full webinar in order to receive full JBEA credit.
GROUP REGISTRATION POLICY
While many people are working remotely, the Academy is offering group registrations to employers of our members. Please read our group registration policy carefully.
- The lead registrant must be an Academy member. You will receive one computer connection (link) to the webinar that will allow you to broadcast the live event to your remote attendees, who must be members of the same company, using a platform (Zoom, WebEx, etc.)* of your company’s choosing.
- Within one business day of the webinar, the lead registrant is responsible for submitting a list of attendees, using this template created for the event, to email@example.com. Failure to submit this list will result in you no longer being able to register your group for future webinars.
- For webinars offering CPE: Please note that any Enrolled Actuaries who plan to request and receive an individual JBEA CPE Certificate of Attendance must have their names on this list. The group registration template also includes a statement for the lead registrant to use to verify attendance for those names on the list. This was requested by the JBEA in order to verify attendance for those requesting certificates. We will be unable to verify your attendance, as requested by the JBEA, if your name is not on this list. You must attend the entire webinar in order to receive full JBEA credit.
* The Academy does not take responsibility for ensuring the live webinar can be seen and heard through the registrant’s broadcasting platform. Group registration fees for the live webinar do not include access to the archive recording, except for Academy members who may access an archive of all Academy webinars in the members-only section of the Academy’s website.
QUESTIONS: For more information about this webinar, contact Doreen Hoyle at ProfWebcast@actuary.org.