CAS Board Approves Changes to Affiliate Membership Program
The CAS Board of Directors approved revisions to the CAS Affiliate Membership Program at its March 2011 meeting in an effort to encourage increased Affiliate membership and enhance international connections.
The Affiliate Membership Program was established in 1998 and is intended to serve actuaries who practice in the general insurance field and wish to be active in the CAS but do not meet the qualifications to become an Associate or Fellow of the CAS. Affiliate Membership recognizes that the Affiliate Member has been granted professional status as an actuary by another actuarial organization and practices in the property/casualty field.
Affiliates are governed by the CAS Constitution, Bylaws, and Code of Professional Conduct, and are subject to CAS disciplinary procedures. Practice rights are not granted to Affiliate Members; rather they must adhere to U.S., Canadian, or other nation-specific qualification standards to determine eligibility to practice.
Affiliates are entitled to attend meetings and seminars of the CAS by paying the member registration fee and are eligible to serve on CAS committees (except for Admissions and Board committees). Affiliates also receive all CAS publications including the Actuarial Review and Variance, and are granted access to the member directory on the CAS Web Site.
Previously, applicants for Affiliate Membership were required to attain the highest actuarial designation of an organization that is a member of the International Actuarial Association (IAA). The Board revised this requirement such that Affiliate members are now required to attain membership of an organization that is a member of the IAA.
The Board also agreed to reduce the Affiliate Member Program fee to 50% of the annual CAS membership dues. Affiliate members previously were assessed the same dues rate as Fellows and Associates.
The CAS currently has 24 Affiliate Members. Additional details on the Affiliate Member Program, including an application form, can be found on the CAS Web Site under Join/Renew.