We actuaries have a lot of official guidance in the form of the Code of Professional Conduct, the Actuarial Standards of Practice, qualification standards, various laws and regulations, exam materials, seminars, and so on. But what about the unofficial ways to make it easier to comply with professional requirements? The following is a list (with apologies to David Letterman) of … Read More
Living With Precept 10
PRECEPT 10 OF THE CODE OF PROFESSIONAL CONDUCT deals with courtesy and cooperation. It states: An Actuary shall perform Actuarial Services with courtesy and professional respect and shall cooperate with others in the principal’s interest. Issues related to Precept 10 most commonly come before the ABCD when a client for actuarial services elects to replace one actuary with another. For … Read More
Basics of the ABCD—Who, What, When, Where, How, and Why
MOST OF THE WORK THE ACTUARIAL BOARD FOR COUNSELING AND DISCIPLINE (ABCD) does is confidential. It involves responding to requests for guidance on how to comply with the Code of Professional Conduct, and conducting inquiries about possible violations of the Code. Confidentiality protects the actuaries who request guidance and also those actuaries who may be wrongly accused of violating the … Read More