Discipline Committee Issues Report for 1999-2000

Chairperson Al Beer submitted the annual report of the CAS Discipline Committee at the November 12, 2000, Board meeting.

During the 1999-2000 CAS year, one report was received from an investigatory body, the Actuarial Board for Counseling and Discipline.

A Discipline Committee Panel was formed and a hearing was conducted in accordance with the CAS Rules of Procedure for Disciplinary Actions as amended in November 1998. Legal counsel was engaged by the CAS to advise the Discipline Committee Panel.

The Discipline Committee Panel decided that a private reprimand was in order, after consideration of all the relevant evidence presented. The subject actuary was advised of the right to appeal within 45 days. There was no appeal and the CAS president issued a private letter of reprimand to the subject actuary to comply with the final order.

The revised CAS Rules of Procedure for Disciplinary Actions were thus tested for the first time with this case, and in general were found to be complete and very helpful.

There are no pending cases before the Discipline Committee referred by the investigatory bodies (e.g., ABCD, CIA, etc.). Irene Bass was appointed as the Discipline Committee chairperson for 2000-01 by the Board of Directors.