In addition to considering cases involving possible violations of the Code of Professional Conduct, the ABCD provides guidance to actuaries who ask for help in interpreting the Code and/or actuarial standards of practice (ASOPs).

In some cases, the requests are informal. Generally, an individual ABCD member answers an informal inquiry. These responses represent the individual ABCD member’s considered opinion, not necessarily the views of the ABCD as a whole.

In other cases, more formal responses are requested. The ABCD as a whole considers such matters, and, if appropriate, provides written formal guidance.

The ABCD also responds to requests for guidance from actuarial students and to requests for information from others, such as users of actuarial services.

How to request guidance

Most requests for guidance are made by email or by phone to the ABCD office (guidance@abcdboard.org, 202.223.8196) or to an individual ABCD member.

If you prefer, you may also fax your request to the ABCD office (attention: Brian Jackson) at 202.872.1948, or send it by mail to:

Actuarial Board for Counseling and Discipline
1850 M Street NW
Suite 300
Washington, DC 20036

If you send your request for guidance to the ABCD office, Staff Attorney Brian Jackson will contact you. He may provide guidance himself, if the matter does not involve technical actuarial issues, or he may refer the request to one or more members of the ABCD.

Whether the request comes to the ABCD office or directly to an ABCD member, informal guidance is generally provided within a few days, and sometimes immediately. In unusual circumstances, it may take longer.

Sometimes, actuaries ask for the opinion of the entire ABCD. This involves all members of the ABCD and is a slower process, which can take months.

Before you request guidance

Please see Section 1 of the ABCD’s Rules of Procedure, which discusses

  • the difference between informal guidance and an expression of opinion by the entire ABCD
  • confidentiality considerations
  • the various ways the ABCD responds to requests for guidance

Published guidance by the ABCD

Discussion papers

  • Discussion papers are primarily written and developed through the Academy’s Committee on Professional Responsibility to promote actuarial professionalism, including knowledge of standards of conduct, qualification, and practice within the profession. This list of discussion papers suggest ways to assist actuaries in improving their daily practice and increasing their awareness of professionalism. discussion papers are not promulgated by any standard-setting body and are not binding upon any actuary. Read them here.

Questions?

If you have any questions about requesting guidance, contact Brian Jackson at 202-223-8196 or jackson@actuary.org.