Did you know
the actuarial profession
is self-regulated?

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Self-regulated

The actuarial profession is largely self-regulated, which means it sets its own standards for qualification, practice, and discipline.

Professionalism 

Actuaries exemplify professionalism by being aware of and demonstrating all aspects of professionalism, including adhering to the principles in the Code of Professional Conduct (CPC), the Qualification Standards (USQS), and actuarial standards of practice (ASOPs), and cooperating with the Actuarial Board for Counseling and Discipline (ABCD). 

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Qualifications

Actuaries are qualified in the area of practice for which they are issuing statements of actuarial opinion, including fulfilling annual continuing education (CE) requirements to remain current.

Leadership

Actuaries demonstrate leadership by engaging in professional behavior that is consistent with the Code of Professional Conduct, providing guidance to junior actuaries, speaking up when questionable strategies are being considered, and speaking often about the professional responsibilities of actuaries. 

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Standards

Actuaries participate in the development of ASOPs as new areas of practice emerge or existing areas of practice evolve. 

Discipline

Actuaries act if they suspect inappropriate or unqualified actuarial practices or conduct that materially violates the Code of Professional Conduct by first discussing them with another actuary if possible, and trying to resolve the differences.

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By showing that the profession holds its members
accountable
for their professional and personal conduct, actuaries can help earn and maintain the trust of the public every day. 

Want to learn more about self-regulation and the actuarial profession?