Online Tools Track CE Requirements
The new CAS Continuing Education Policy will first apply to Actuarial Services rendered on or after January 1, 2012. Members who choose to follow the CAS continuing education requirements need to start accruing their CE in 2011 so that they will be allowed to provide actuarial services during 2012. The first requirement to certify compliance must be on or before December 31, 2011.
All ACAS and FCAS members are subject to the Policy; ACAS and FCAS members who perform Actuarial Services are subject to the CE requirements.
Members must maintain a log of their CE activity to document that they have met the continuing education requirements. The CAS plans to randomly audit 1% of the continuing education logs for members who have attested their compliance with the Policy each year. In addition, the CAS Board of Directors agreed that 100% of the Board and Executive Council members (excluding appointed directors and the Executive Director) will be subject to the annual audit regarding compliance with the CAS CE Policy.
Information to be included in the log must be sufficient to demonstrate compliance with the continuing education requirements by which the actuary asserts compliance and includes: the date of the activity, a brief description of the activity, the sponsoring organization, the number of credits earned, whether the credit was self-study or structured (organized, if using the U.S. Qualification Standards for compliance); and the subcategory for which the credit applies (i.e., professionalism, job-relevant topics, or business and management skills). Members will not be required to retain any proof other than this log of CE activity.
Need a log? Both the American Academy of Actuaries and the Canadian Institute of Actuaries provide easy-to-use online recordkeeping tools that enable actuaries to quickly, conveniently, and securely self-report CE credits using a single Web-based system. In addition, the CAS has provided a sample log in PDF format in the Professional Education section of the Web Site. These are all examples for your consideration, though any format that meets the description above will be acceptable.
Be prepared! Ensure that your CE log is up-to-date and includes the information required by the CAS CE Policy.
Members are encouraged to review the complete CE Policy for all of the details on the CE requirements. The policy, along with the complete list of FAQs and responses, is available on the CAS Web Site.
*This online article was updated July 18, 2011.