33. Is “on the job” learning considered continuing education (CE)?
Question
33. Is “on the job” learning considered continuing education (CE)?
Continuing education is learning that is acquired during time that was specifically allocated by the actuary and expected in advance by the actuary to be “Relevant Continuing Education” (as defined in the U.S. Qualification Standards Section 2.2.7). Incidental learning acquired largely in the context of fulfilling the actuary’s day-to-day responsibilities (i.e., learning that is acquired without the specific allocation of time and the expectation in advance to produce new learning) would not satisfy the requirements of the USQS for “Relevant Continuing Education.”
As an example of the difference, an actuary who is responsible for calculating statutory reserves sets aside time to review the applicable laws and regulations, study appropriate methodologies, or read recent articles about economic conditions for purposes of selecting assumptions before performing this task.
Additional features that may help to document time for CE credit include, but are not limited to, the actuary’s having a prepared agenda, the actuary retaining notes taken during the allocated time, or the actuary retaining specific records of texts, materials, or articles reviewed or topics discussed.
Last revised November 2015
As an example of the difference, an actuary who is responsible for calculating statutory reserves sets aside time to review the applicable laws and regulations, study appropriate methodologies, or read recent articles about economic conditions for purposes of selecting assumptions before performing this task.
- The time the actuary spends on the planned review, study, or reading could qualify (at least partially) as Relevant Continuing Education.
- The time spent actually performing this task (calculating statutory reserves, attending business meetings to discuss results, or peer reviewing results) would not qualify as Relevant Continuing Education.
Additional features that may help to document time for CE credit include, but are not limited to, the actuary’s having a prepared agenda, the actuary retaining notes taken during the allocated time, or the actuary retaining specific records of texts, materials, or articles reviewed or topics discussed.
Last revised November 2015
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