Re: Part 8 debacle!

john.pedrick@ins.state.oh.us
Fri, 2 Jul 1999 17:29:29 -0400

I am proud to be an actuary. I am proud that I struggled and one day reached
associateship. I hope to be proud of the day that I reach Fellowship. I also
admire a large number of actuaries, both SOA members and CAS members. I am
proud to be associated with a professional body.

However, one does not submit a statement of actuarial opinion, and then tell the
client or the regulator, "OOPS, I made a mistake," without a full explanation.
One does not file a rate decrease with an insurance department, and then tell
the DOI, "OOPS, we goofed. We need an increase instead," without a full
explanation. I hope the Part 8 Examination Committee does the right thing, and
explains why they released a pass list on July 1, without final approval, and
revoked it on July 2. Anyone whose status has changed deserves a thorough
apology.

I hope other members are also disturbed by an exam committee that seems to be
slightly out of control, and voice their concerns.

Visit the CAS Web Site at http://www.casact.org
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