Continuing Professional Development
The SOA Continuing Professional Development (CPD) Requirement was effective on Jan. 1, 2009, and members must report compliance annually as of each Dec. 31. Members must meet the Basic Requirement provisions of Section B or one of the Alternative Compliance provisions of Section C of the SOA CPD Requirement.
The SOA believes that sessions at this symposium may be suitable for fulfilling continuing professional development (CPD) requirements. The maximum number of credits you may apply is:
- 13.80 credits may be applied toward the "Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion" and the "SOA Continuing Professional Development Requirement.",
- 11.50 credits may be applied toward" The Canadian Institute of Actuaries Qualification Standard - Continuing Professional Development.",
The maximum total credits is calculated excluding section breakfasts. Each standard has different rules about how you may recognize different types of credits. Review the rules of the standard you are fulfilling to determine the actual number of credits from this meeting that you will be able to apply toward the requirements. Ultimately, it is the member's responsibility to make a reasonable, good-faith determination as to whether a continuing education event meets the requirements.
For further information on the requirements, visit CPD Requirement.
U.S. Qualification Standards
The Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States took effect Jan. 1, 2008, and were developed by the American Academy of Actuaries' Committee on Qualifications, on behalf of the five U.S. actuarial organizations. As applicable, members may use the provisions of the U.S. Qualification Standard to meet the SOA CPD Requirement.
For further information on this requirement, visit the American Academy of Actuaries.
CIA Continuing Professional Development (CPD) Standard
The Canadian Institute of Actuaries Qualification Standard - Continuing Professional Development was adopted June 11, 2008. As applicable, members may use the provisions of the CIA CPD Standard to meet the SOA CPD Requirement.
For further information on this requirement, visit the Canadian Institute of Actuaries.
CAS CE Credit
The CAS Continuing Education Policy applies to all ACAS and FCAS members who provide actuarial services. Actuarial services are defined in the CAS Code of Professional Conduct as "professional services provided to a Principal by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings, or opinions based upon actuarial considerations." Members who are or could be subject to the continuing education requirements of a national actuarial organization can meet the requirements of the CAS Continuing Education Policy by satisfying the continuing education requirements established by a national actuarial organization recognized by the Policy.
This activity may qualify for up to 14.10 CE Credits for the Symposium for CAS members. Participants should claim credit commensurate with the extent of their participation in the activity. CAS members earn 1 CE Credit per 50 minutes of educational session time not to include breaks or lunch.
*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.
For further information, visit the CAS CE Requirements.