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CAS Announces Continuing Education Policy for Members

T he Casualty Actuarial Society (CAS) Board of Directors approved the CAS Continuing Education (CE) Policy at its May 23, 2010, meeting. The 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 organizations’ systems, the only impact of the new policy should be annual certification of CAS 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 to: (1) have satisfied the continuing education requirements established by a national actuarial organization recognized by the policy or (2) 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 to 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. The policy is available through the Professional Education section of the CAS Web Site. 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.   

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