3. Is it possible for an actuary to lose his or her actuarial credential from one or more of the five U.S.-based actuarial organizations by issuing a Statement of Actuarial Opinion (SAO) without meeting the U.S. Qualification Standards (USQS)?
Question
3. Is it possible for an actuary to lose his or her actuarial credential from one or more of the five U.S.-based actuarial organizations by issuing a Statement of Actuarial Opinion (SAO) without meeting the U.S. Qualification Standards (USQS)?
By issuing an SAO without meeting the USQS, an actuary may violate Precept 2 of the Code of Professional Conduct (Code). Violating the Code could ultimately lead to a recommendation of discipline taken by the Actuarial Board for Counseling and Discipline and the actuary’s member organizations, including public reprimand, suspension, or expulsion from the appropriate actuarial organizations, causing an actuary to lose his or her credential.
Last updated December 2014
Last updated December 2014
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