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, consisting of the Presidents and Presidents-Elect of the five U.S.-based organizations that participate in the ABCD. 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.

Control of Work Product—Be Upfront With Clients

September/October 2017
by Godfrey Perrott

Lessons Learned

July/August 2017
by John P. Tierney

Controlling Communications

May/June 2017
by John T. Stokesbury

A ‘Checklist Manifesto’ for Professionalism?

March/April 2017
by David Driscoll

Peer Review—Small Investment, Big Return

January/February 2017
by Debbie Rosenberg

The Dog Ate My Homework, and Other Justifications

November/December 2016
by Janet Fagan

Test Your Professionalism IQ

September/October 2016
by Allan Ryan

Whose Assumptions Are They?

July/August 2016
by David F. Ogden

No Fee, No Foul?

May/June 2016
by Rick Block

Because I Said So

March/April 2016
by Jan Carstens

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