CAS Issues Bylaws Errata for 2004 Yearbook

The 2004 Yearbook of the Casualty Actuarial Society contains an error in Article IV of the CAS Bylaws. Included in the envelope of the AR issued to CAS members is an errata sticker that can be put in place of Article IV's first paragraph, printed on page 290 of the Yearbook.

The CAS regrets the error.

CAS Fellows approved the Bylaws change in April 2003. Following is the correct wording of the paragraph. Place the sticker over the first paragraph of Article IV.

Article IV.—Elections and Filling of Vacancies

Procedures for nominations and elections shall be established by a majority vote of the Directors present and voting at a meeting of the Board of Directors. These procedures shall be provided to the membership annually at the beginning of the election process. A majority of the votes cast by Fellows shall be necessary for the election of the President-Elect. For the election of Directors, the four candidates with the highest number of votes cast shall be elected, subject to a requirement that one third of the valid ballots cast for Director shall be necessary for the election of a Director.