CAS Continuing Education Policy Released
The Casualty Actuarial Society Board of Directors approved the CAS Continuing Education Policy at its May 23, 2010 meeting. Continuing professional education is an integral part of any profession. The Board believes that the CAS Continuing Education Policy represents a significant milestone in ensuring that CAS members stay accountable to their principals and the public by maintaining appropriate levels of relevant continuing education.
The Board also believes that this new policy should have minimal impact on most current CAS members, as it recognizes existing continuing education requirements from national organizations such as the American Academy of Actuaries and Canadian Institute of Actuaries. For actuaries already obtaining continuing education under those organization’s systems, the only impact of this new policy should be annual certification of Continuing Education Policy compliance and possibly the need to make the log of continuing education activity available to the CAS for random audit.
The CAS Continuing Education Policy will first apply to Actuarial Services rendered on or after January 1, 2012. To satisfy the CAS Continuing Education Policy for calendar year 2012, ACAS and FCAS members who provide Actuarial Services will be required: 1) to have satisfied the continuing education requirements established by a national actuarial organization recognized by this policy or 2) to have satisfied the pro-rata portion (or 50%) of the standard cycle requirements outlined in Section C of the Policy as of December 31, 2011. Members will be required to attest their compliance with the CAS Continuing Education Policy beginning as of December 31, 2011.
Members are encouraged to review the complete CAS Continuing Education Policy for all of the details on the CE requirements. In addition, a list of Frequently Asked Questions and responses is provided to assist members’ understanding of the Policy. Finally, the CAS has provided Reviewer Responses to Member Comments on the Second Exposure Draft, to summarize the actions taken and reasons that changes were not made in response to comments on the Second Exposure Draft.