Actuarial Review
Volume 31, No. 4 / November 2004

From the President
Are You Qualified?


by Mary Frances Miller

If you practice in the United States,or if your client does business in the U.S., proposed changes to the AAA qualification standards may affect you. If you do not currently sign prescribed statements of actuarial opinion (PSAO), the only written qualification standard that applies today is Precept 2 of the Code of Conduct, which requires you to perform actuarial services only when qualified to do so. Determining whether you are qualified is left to your own judgment. The proposed general qualification standard applies to an expanded category of actuarial services, and it does not leave the decision to your own "look in the mirror" test.

The new qualification standard, if adopted by the AAA Board, will apply to all Statements of Actuarial Opinion (SAO) that go to anyone other than your immediate employer.

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Braithwaite Wins President-Elect; D'Arcy to Become CAS President

Stephen D'ArcyPaul Braithwaite
Stephen P. D'ArcyPaul Braithwaite
ARLINGTON, Va.—CAS members elected Paul Braithwaite as CAS President-Elect for 2005. Stephen P. D'Arcy will succeed Mary Frances Miller as CAS president, who in turn will become chairperson of the 2005 CAS Board of Directors. Braithwaite will take on his new position at the close of the 2004 Annual Meeting in Montréal.

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