Mission

The Actuarial Board for Counseling and Discipline (“ABCD”) was established in the bylaws of the American Academy of Actuaries to strengthen the adherence of members of the five U.S.-based actuarial organizations to the recognized standards of ethical and professional conduct.

Primary Functions
  • Respond to requests from members of the five participating U.S.-based organizations for guidance regarding professionalism
  • Consider complaints about possible violations of the Code(s) of Professional Conduct
  • Counsel actuaries in good professional practice
  • Mediate disputes between actuaries and others
  • Conduct educational outreach efforts, which include making oral presentations and writing magazine articles to help actuaries, regulators, and other stakeholders become more familiar with the ABCD’s work
Structure

The ABCD consists of a Chairperson, two Vice Chairpersons, and six other members. They are appointed to three-year terms by a Selection Committee, established in the Academy bylaws and chaired by the Academy President. The Selection Committee appoints ABCD members in such a way as to ensure that all practice areas are adequately represented.

Jurisdiction

The ABCD’s jurisdiction to investigate alleged violations extends to the actuarial practice of the five U.S.-based organizations’ members in every country. By virtue of agreement between the five U.S.-based organizations and the Canadian Institute of Actuaries (CIA), the CIA has jurisdiction to investigate actuarial practice of the participating organizations’ members in Canada; similarly, CIA members’ actuarial practice in the United States can be investigated by the ABCD.

Up to Code

This regular column in Contingencies highlights the ABCD’s work and important professionalism issues.

Getting Political—Can an Actuary Weigh In on Thorny Issues?

November/December 2019
by Alice Rosenblatt

The ABCD Goes to the Movies

September/October 2019
by David Driscoll

Exercising Professional Judgment in a Self-Regulated Profession

July/August 2019
by Allan W. Ryan

Communicating Clearly With ASOP No. 41

May/June 2019
by David Ogden

Feeling Conflicted? The Code Can Help

March/April 2019
by Godfrey Perrott

Hidden in Plain View—The Treasure Trove That Is the Academy’s Practice Notes

January/February 2019
by John P. Tierney

If You Want to Grow Big and Strong, Eat Your Spinach

November/December 2018
by John T. Stokesbury

A(E)SOP’s Fables

September/October 2018
by Deborah Rosenberg

Communicating Uncertainty: The Importance of Acknowledging Limitations

July/August 2018
by David Driscoll

How can we help you?

Ask for guidance.

Did you know when actuaries need help with thorny professional problems, they can ask an ABCD member for informal advice?

Ask Us

Learn about the complaint process.

How do you complain to the ABCD about an actuary's conduct? What happens once a complaint has been made?

Learn More

Request a speaker.

ABCD members make educational presentations at actuarial seminars and clubs, regulators' meetings, and elsewhere.

Contact Us