Did you know when actuaries need help with thorny professional problems, they can ask an ABCD member for informal advice?
How do you complain to the ABCD about an actuary's conduct? What happens once a complaint has been made?
ABCD members make educational presentations at actuarial seminars and clubs, regulators' meetings, and elsewhere. Contact us to request an ABCD speaker for one of your meetings.
The Actuarial Board for Counseling and Discipline was established by the U.S. actuarial organizations to strengthen members' adherence to the recognized standards of ethical and professional conduct.
Allan Ryan Appointed to ABCD
Allan W. Ryan, MAAA, FSA, was appointed to the Actuarial Board for Counseling and Discipline on Feb. 4. Allan's area of practice is life insurance, where he has specialized in financial reporting. His 42 years of actuarial experience include employment at major insurance companies, as well as serving as chief actuary for a smaller insurance company. During his consulting career he was involved with documenting formal procedures for compliance with actuarial standards, as well as firm, regulatory, and accounting requirements for the actuarial consulting practice.
The ABCD Adopts Revised Version of the ABCD Rules of Procedure
The ABCD recently adopted a revised version of the ABCD Rules of Procedure. An exposure was issued in May 2012 and received several comment letters. As a result, various changes were made to the final Rules of Procedure in response to those comments. A summary of the comments received can be found here. The revised ABCD Rules of Procedure are effective January 1, 2014.
ABCD publications and documents
This regular column in Contingencies highlights the ABCD's work and important professionalism issues.
The ABCD "Rules of Procedure" explains how the ABCD does its work. This succinct guide describes how the Board offers guidance, deals with confidential information, and evaluates complaints, among other topics.