Life and Health Qualifications Seminar 2020

“One of the most useful seminars I’ve ever attended. I learned volumes.” – Previous seminar attendee
“I greatly enjoy this seminar. The instructors are knowledgeable and have ‘boots on ground’ experience. I share what I learn with my team.” – 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, equipping you with the knowledge you need to gain necessary qualifications to issue actuarial opinions for either the NAIC Life and Accident & Health (A&H) Annual Statement or the NAIC Health Annual Statement.

Register today. This year’s seminar will be virtual, providing attendees with an engaging online experience that delivers the highest quality content in a format that’s safe, efficient, and easy for your participation.

The Academy offers this seminar each year to instruct actuaries on the basic and continuing education subjects required by the Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States (USQS) to allow them to qualify to sign the NAIC Life and A&H Annual Statement (Blue Blank) and/or NAIC Health Annual Statement (Orange Blank). There is an optional exam offered for those who need the basic education component to quality.  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)

Please note: Attendees will receive the seminar slides and reading materials for the course sessions only in an electronic format.

Registration

	Member	Nonmember	Government Member
Fee (Includes Reading Materials)	$1,800	$2,350	$850
Reading materials ONLY for non-attendees	$600

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CE Credit

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.

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Faculty

The seminar will be taught by recognized industry experts, including:

• Rhonda Ahrens, Life & Health Examiner, Nebraska Department of Insurance
• Rowen Bell, Ernst & Young
• Donna Claire, President, Claire Thinking Inc.
• Audrey Halvorson, Senior Actuary, NovaRest
• Brian Jackson, Director of Professionalism and General Counsel, American Academy of Actuaries
• Darrell Knapp
• Craig Morrow, VP And Actuary, Talcott Resolution
• David Neve, Chief Actuary, Global Atlantic Life & Annuity
• Lorne Schinbein, Actuarial Resources Corporation
• Sheldon Summers, Actuary, Claire Thinking Inc.
• D. Joeff Williams, Consultant, Actuarial Management Resources

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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 we receive a written request for a refund by Oct. 25, 2020.

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, 2020.

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 costs candidates might incur as a result of a seminar being canceled.

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Questions?

For additional information, please email us at LHQquestions@actuary.org.