Life and Health Qualifications Seminar
November 4-7, 2024 | Hyatt Regency Crystal City, Arlington, Va.| CE Available
“One of the best seminars I’ve attended… the information was timely for my new role and an excellent review.” – Previous seminar attendee
Do you meet the basic and continuing education requirements of Section 3 of the U.S. Qualification Standards to issue actuarial opinions for the NAIC Life or Health Annual Statements?
The Academy’s Life and Health Qualifications Seminar delivers three days of training and instruction—plus an optional exam on the fourth day—to equip you with the knowledge you need to gain necessary qualifications to issue actuarial opinions for either the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank). It also can serve as a basic education refresher or as a source of required continuing education for more experienced actuaries.
Seminar sessions include topics such as:
- Asset adequacy testing
- Actuarial opinions
- Cash flow testing
- Statutory insurance accounting
- Life Insurance
- Annuities
- Reinsurance
- Valuation and nonforfeiture requirements
- Overview of health insurance
- Health claim reserves and health insurance valuation topics
- Premium, loss, expense, and contingency reserves
- Principle-based reserving (PBR)
- Risk-based capital
- Actuarial professionalism
Who Should Attend?
Actuaries who may not meet the qualifications for signing the actuarial opinions for the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank) under the USQS, including:
- Fellows who completed the exam process between 2000 and 2006
- Actuaries who have not otherwise satisfied the basic education and specific knowledge requirements of the Specific Qualification Standards of the USQS
- Actuaries who intend to change their practice area to sign NAIC life or health actuarial opinions
- Actuaries who are looking for continuing education in compliance with the Specific Qualification Standards of the USQS
- Actuaries who wish to learn about life and health statutory requirements
- Regulators who wish to learn about life and health actuarial topics or simply augment their knowledge
- Foreign actuaries who intend to practice in the United States (who must also meet the general qualification of the USQS)
Faculty
The seminar will be taught by recognized experts, including:
- Rhonda Ahrens, Vice President—Corporate Actuarial, Thrivent
- Donna Claire, President, Claire Thinking Inc.
- David Dillon, Sr. VP and Principal, Lewis & Ellis, Inc.
- Brian Jackson, Senior Director of Professionalism and General Counsel, American Academy of Actuaries
- Darrell Knapp, Former Executive Director, Health Actuary, Ernst & Young (Retired); President-Elect, American Academy of Actuaries
- Craig Morrow, VP And Actuary, Talcott Resolution
- David Neve, Vice-President & Consulting Actuary for Actuarial Resources Corporation of Georgia
- Lorne Schinbein, President, Actuarial Resources Corporation
- Sheldon Summers, Actuary, Claire Thinking Inc.
- D. Joeff Williams, Consultant, Actuarial Management Resource
Registration
| Fee (Includes Reading Materials) | Member | Nonmember | Government |
| Early (Ends July 31, 2024) | $2,350 | $2,700 | $950 |
| Regular* (Ends Oct. 10, 2024) | $2,550 | $2,900 | $950 |
| Reading materials ONLY for non-attendees | $600 | ||
* Regular registration may be extended if space allows.
Materials
Please note: Attendees will receive the seminar slides and reading materials, including the textbook, for the course sessions only in an electronic format. Hard copies will not be supplied. Current registrants were sent the reading materials earlier in September; please check your junk folder if you didn't see the email.
Contact LHQquestions@actuary.org if:
- You are a repeat attendee and already have the electronic textbook.
- You would like the textbook to be sent to an alternate email address. Otherwise, the textbook will be sent to the same email address you used to register for this event.
Hotel
The seminar will be held at the Hyatt Regency Crystal City in Arlington, Va., starting at 8 a.m. Monday, Nov. 4 and running to 11:30 a.m. Thursday, Nov. 7. The room block is now sold out.
When making your travel arrangements, note that early check-in begins Sunday evening, Nov. 3, from 6 to 8 p.m., and that the opening session will start promptly at 8 a.m. on Monday, Nov. 4. Attendees are strongly encouraged to check in on Sunday.
Continuing Education
The American Academy of Actuaries believes in good faith that this event constitutes an Organized Activity as defined in the U.S. Qualification Standards and that, by attending the first three days of the seminar, you may earn the following minimum continuing education credit hours for attending the first three days of the seminar, using a 50-minute credit hour formula:
- 6.6 (general, applicable to life or health specialty)
- 8.7 (additional life specialty)
- 9.0 (additional health specialty)
- 2.7 (professionalism)
Specific Knowledge Requirement of the USQS Specific Qualification Standards
Actuaries wishing to issue a statement of actuarial opinion under the Specific Qualification Standards (Section 3 of the USQS) must, among other requirements, “be knowledgeable, through examination or documented professional development, of the Law (i.e., statutes, regulations, judicial decisions, and other statements of legally binding authority) applicable to the Statement of Actuarial Opinion.” To meet the additional Specific Qualification Standard, which applies to reserve opinions for the NAIC Annual Statement Blanks, an actuary must obtain, through examination or alternative education, specific knowledge in the following topical areas*:
Life and A&H (Blue Blank)
(Covered by Exams ILA-DP-US, ILA-CSP-US)
- Policy forms and coverages
- Investments and valuations of assets, and the relationship between cash flows from assets and related liabilities
- Dividends and reinsurance
- Statutory insurance accounting
- Valuation of liabilities
- Valuation and nonforfeiture laws
Health (Orange Blank)
(Covered by Exams GH-DP, GH-CSP)
- Principles of insurance and underwriting
- Principles of ratemaking
- Statutory insurance accounting and expense analysis
- Premium, loss, expense, and contingency reserves
- Social insurance
(*Actuaries wishing to issue these statements of actuarial opinion must also meet the basic education and experience requirement of the General Qualification Standard (USQS, Section 2.1) For more information, see the USQS.)
Cancellation Policy
Cancellations should be made via e-mail to LHQCancellation@actuary.org. The Academy will refund the registration fee (as well as the $600 reading materials fee, if the reading materials have not yet been sent to the registrant), minus $100 for administrative fees, if Ms. Hoyle receives a written request for a refund by Oct. 25, 2024.
If a written request for a refund is received after Oct. 25 and before Oct. 31, the Academy will refund the registration payment (but not the $600 reading materials fee), minus $200 for administrative fees.
No refunds will be given for cancellations made after Oct. 31, 2024.
The Academy reserves the right to cancel the seminar if conditions warrant. In the event of such cancellation, registration fees will be refunded. The Academy will not be held liable for any airline or other costs candidates might incur as a result of a seminar being canceled.
Questions? For additional information, please contact LHQquestions@actuary.org.
