44. If an actuary has lunch with an actuary from another organization and they discuss current actuarial issues, does this qualify as an “organized activity” under the U.S. Qualification Standards?
Question
44. If an actuary has lunch with an actuary from another organization and they discuss current actuarial issues, does this qualify as an “organized activity” under the U.S. Qualification Standards?
Probably not. Lunch with a colleague from another firm where actuarial matters are briefly discussed would not count as organized activity even if the subject matter provided both parties relevant continuing education (CE). However, there is no prohibition against a study group meeting over lunch to provide CE and counting that as CE.
Actuaries are encouraged to use good and reasonable judgment when distinguishing between a casual lunch and study group. Factors to consider are as follows:
Last updated December 2014
Actuaries are encouraged to use good and reasonable judgment when distinguishing between a casual lunch and study group. Factors to consider are as follows:
- The purpose of the lunch
- Whether an agenda was distributed before the meeting
- The amount of preparation
- The percentage of the meeting spent on CE compared to other discussions
Last updated December 2014
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