Tuesday, December 2, 2014 7:30 – 8:30 a.m. Continental Breakfast
  8:00 – 8:15 a.m. Introduction
Tom Ghezzi
  8:15 – 9:00 a.m.
(45 min)

• Qualification Standards for signing opinions
• “Am I Qualified?” – Case Studies
• Special Circumstances: Change in Appointed Actuary
• Executing the Work with Skill and Care
• Resources

Speaker: Pat Teufel
  9:00 – 10:30 a.m.
(1 hr 15 min) Session 2: Code of Professional Conduct, ASOP Nos. 36 & 43, and More

• Applications for Actuarial Standards of Practice
• ASOP No. 1 – Possible Revisions and Exposure Drafts
• Topics in Multiple ASOPs (Dates, Disclosures around making use of the work of others, Discounting disclosures)
• Performing our Work with Consideration of ASOPs

Speaker: Lisa Slotznick
  10:30 -10:45 a.m.
(15 min) Break
  10:45 -12:00 p.m.
(1 hr 15 min) Session 3: Significant Risk of Material Adverse Deviation

• Basis of the risk of material in adverse deviation (RMAD) disclosure
• Risk assessment (the “R” in RMAD)
• Materiality considerations (the “M” in RMAD)
• Sample Wordings

Speaker: Tom Ghezzi 12:00 – 1:00 p.m
(1 hr) Lunch 1:00 – 1:45 p.m.
(45 min) Session 4: Breakout Sessions

• Qualifications and ASOPs (Speakers: Pat Teufel & Lisa Slotznick)
• Regulatory Issues and RMAD (Speakers: Sue Gozzo Andrews & Tom Ghezzi)
• Opinion and Report Language (Speakers: Janet Duncan, Kathy Barnes & Kathy Odomirok)
• Ranges (Speakers: Paul Struzzieri & Chap Cook)

1:45 – 3:15 p.m.
(1 hr 15 min) Session 5: Opinion Workshop

• Several specific opinion-related topics and detailed scenarios are presented
• Interaction in small groups to discuss the scenarios and identify relevant issues
• Collaboration to discuss possible courses of action and to draft opinion language
• Whole group discussion and review

Speakers: Kathy Odomirok & Kathy Barnes 3:15 – 3:30 p.m. Wrap Up
Tom Ghezzi

 

Wednesday, December 3, 2014
7:30 – 8:30 a.m.	Continental Breakfast
8:00 – 8:15 a.m.	Day 1 Recap & Day 2 Introduction Tom Ghezzi
8:15 – 9:45 a.m. ( 1 hr 30 min)	Session 6: Regulatory Perspective   Regulators and how they use opinions Who signs opinions Regulatory expectations, including the NAIC Regulatory Guidance Changes from the 2013 to the 2014 NAIC Instructions NAIC Risk Focused Exams Speaker: Sue Gozzo Andrews
9:45 – 11:15 a.m. (1 hr 30 min)	Session 7: Data, Documentation, and Report – Writing Presentation Resources for Data & Documentation ASOP Nos. 41 and 43 & Opinion Instructions – responsibilities and disclosures Insights and considerations for an effective actuarial report Workshop Reading period for sample report Discussion of issues raised by sample report Discussion of how to improve sample report Speakers: Janet Duncan & Pat Teufel
11:15 a.m. – 12:30 p.m. (1 hr 15 min)	Session 8: Reserve Ranges   What is a range? Use of ranges What is reasonable? Relevant guidance. Common approaches to developing a range. Communicating what we mean. Speaker: Paul Struzzieri
12:30 – 1:00 p.m. (30 min)	Lunch
1:00 – 3:00 p.m. (2 hrs)	Session 9: SAO Challenge and Panel An interactive, participant – driven discussion about any topics of interest. Sample topics will include: Unreasonable opinions (qualified, inadequate, excessive, no opinion) Telling a client you have changed your assessment since last year Strategies and responsibilities for delivering messages to management and boards Adjustments for changes in operations Reinsurance issues Transitioning to new Appointed Actuary Retracting / reissuing an opinion Plus: Questions, answers, and discussions on all materials covered in earlier sessions! Speakers: All Presenters
3:00 – 3:05 p.m. (5 min)	Wrap Up Tom Ghezzi