SOA CPD Requirement
The sessions at this event meet the basic SOA requirements provisions and may be suitable to meet the provisions of an Alternative Compliance standard (please consult the appropriate standard).
Below is the maximum number of credits you could receive, based upon your individual sessions:
- 6.9 credits for seminars 1 – 3, 7.8 credits for seminar 4, and 15.3 credits for the Symposium can be applied towards the “Qualification Standard for Actuaries Issuing Statements of Actuarial Opinion” and our “SOA Continuing Professional Development Requirement.”
Ultimately, it is the member’s responsibility to make a reasonable, good–faith determination as to whether a continuing education event meets the CPD Requirement.
Visit the SOA Web site for more information on fulfilling your CPD requirements.
CAS CE Credit
For CAS members who are subject to the American Academy of Actuaries (AAA)’s Qualification Standards (including Continuing Education Requirements) for Actuaries Issuing Statements of Actuarial Opinion in the United States, this activity may qualify for a maximum of up to 15.30 CE Credits.* CAS members subject to these Qualification Standards can earn up to 1 CE Credit per 50 minutes of relevant educational session time, not to include breaks or lunch. Please note that participating in a live event qualifies as an “organized activity” under those same Academy rules. It is an actuary’s responsibility to make a reasonable, good-faith determination of what CE opportunities will enhance his or her ability to practice in a desired field. Participants should only claim credit commensurate with the extent and length of their participation in the activity and their assessment of the job relevance of the activity. The AAA Qualification Standards provides a complete list of guidelines concerning continuing education. Actuaries attending a CAS event to satisfy AAA requirements should review all guidelines in that publication.
Precept 2 of the CAS Code of Professional Conduct states in part that, “An Actuary shall perform Actuarial Services only when the actuary is qualified to do so.” The AAA establishes qualification standards for statements of actuarial opinion in the United States of America. Those standards require that actuaries update and maintain knowledge of applicable principles of actuarial science and actuarial standards of practice through education and experience to include continuing education.
*The amount of CE credit that can be earned for participating in this activity must be assessed by the individual attendee. It also may be different for individuals who are subject to the requirements of organizations other than the American Academy of Actuaries.
CFA Institute has approved this program, offered by the Society of Actuaries, for 17 CE credit hours, inclusive of up to 3 hours in the content areas of Standards, Ethics, and Regulations (SER). If you are a CFA Institute member, CE credit for your participation in this program will be automatically recorded in your CE Diary.
CIA CPD Requirement
Adopted in June 2008, the CIA’s Continuing Professional Development Qualification Standard identifies the minimum Continuing Professional Development (CPD) requirements that members must meet, pursuant to Rule 2 of the CIA Rules of Professional Conduct, in order to perform professional services.
This symposium may be suitable to meet the CIA’s CPD requirements. Ultimately, it is the member’s responsibility to make a reasonable, good-faith determination as to whether a continuing education event meets the CPD Requirement. Participants should claim credit commensurate with the extent of their participation in the activity and may include these hours towards their 2010 CPD Requirements for filing in early 2011.
PRMIA Risk Education and Training
PRMIA certification does not give credit for conference attendance; however students of PRMIA certification are encouraged to attend course-relevant conferences such as the ERM Symposium. Visit the PRMIA Web site for more information on PRMIA risk education and training.
U.S. Qualification Standard
The Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States took effect Jan. 1, 2008 and was developed by the American Academy Actuaries’ Committee on Qualifications, on behalf of the five U.S, actuarial organizations.
The SOA believes that this symposium may be suitable for filling this requirement as continuing education under the US Qualification standard. Ultimately, it is an actuary’s responsibility to make a reasonable, good-faith determination of what CE opportunities will enhance his or her ability to practice in a desired field.
For further information on this requirement, please visit the American Academy of Actuaries Web site.