Where the Rubber Meets the Road: Applying the Code of Professional Conduct and ASOPs in Your Daily Work

October 31, 2013
12-1:30 p.m. EDT

This webinar looked at how the Code of Professional Conduct and the Actuarial Standards of Practice (ASOPs) affect everything you do as an actuary. Topics including Precept 3 and ASOP No. 41 were brought to life through a series of vignettes demonstrating the skill and care you need in your work every day. The panel of experts discussed key takeaways and identified steps used to heighten the level of professionalism in your daily work, including documentation and communication. 

NOTE ON JBEA CE CERTIFICATE OF ATTENDANCE: You will not be able to receive a certificate of attendance for listening to any recorded webinars. In order to receive a JBEA CE Certificate of Attendance you must attend the live event, follow the instructions provided during the live event, and you must request your certificate by completing the online form within 30 days of attending the live event.

PRESENTERS*

Ken has more than 30 years of professional, managerial and public service experience working on challenging retirement plan assignments and public policy issues. His wide-ranging expertise on pension matters led to his being called to testify before Congress on pension reform legislative proposals. Currently, Ken serves on the Academy’s Board of Directors and as chairperson of the Joint Committee on the Code of Professional Conduct. He authored the white paper “Disclosure Under the Code of Professional Conduct--Concepts on Professionalism.”
 


Scott D. Miller, MAAA, FSPA, FCA, CPC, EA
Scott has more than 30 years of experience in the employee benefits and compensation consulting field, and currently serves as a member of the Academy’s Council on Professionalism. He has testified before the U.S. Department of Labor ERISA Advisory Council on 401(k) plan issues and before the U.S. House of Representatives Ways and Means Committee on retirement security and defined benefit pension plans. Scott is the co-author of the “2012 Pension Distribution Answer Book” and an editor of two actuarial textbooks published by ASPPA.  He is one of only ten private-sector actuaries nationally called upon to consult with the Joint Board for the Enrollment of Actuaries of the U.S. Department of Labor and the U.S. Department of Treasury regarding the evaluation and refinement of the governmental program for the testing and accrediting of actuaries.
 


Michael L. Toothman, MAAA, FCAS
Mike has worked in actuarial and risk consulting services for over 40 years. He has wide-ranging experience in reserving, pricing, valuation and regulation for virtually all property and casualty lines of business, as well as financial-service products such as mortgage guaranty insurance, warranties and credit insurance. Additionally, he has performed a substantial number of litigation support and expert witness assignments. Mike has testified before arbitration panels, before regulatory hearings, in U.S. Tax Court and in United States federal courts, as well as before tribunals in the United Kingdom. Mike served as a member of the Actuarial Board for Counseling and Discipline for six years, from 2004 through 2009, including one term as a vice-chairperson, and currently serves as chairperson of the Academy’s Council on Professionalism Task Force on Discipline.



R. Timothy Muth, Esq.
R. Timothy Muth is a litigation shareholder at the Milwaukee law firm Reinhart, Boerner, Van Deuren, s.c. and leader of the firm's financial litigation group. Tim also co-chairs the firm's interdisciplinary insurance group. His clients include large consulting firms and a wide range of financial and other professionals including actuaries, accountants, auditors, appraisers and securities brokers. Tim's practice focuses on malpractice claims against actuaries and other financial professionals in actions filed in state and federal courts around the country. Tim is the author of Actuary Law, a blog with regular updates on legal issues related to the actuarial profession. Tim has spoken often to actuarial groups including the CAS, SOA and CCA on litigation and risk management topics.


MODERATOR
Keith Jones, General Counsel and Director of Professionalism, American Academy of Actuaries
 
This webinar was presented by the Academy’s Council on Professionalism and cosponsored by the ASPPA (ACOPA), CAS, CCA, and SOA.
 
*The opinions expressed by the panelists during this presentation do not represent the opinions of any of the panelists’ employers or the boards or committees of the Academy or the Actuarial Standards Board.

CONTINUING EDUCATION

The American Academy of Actuaries believes in good faith that your attendance at this live professionalism webinar, “Where the Rubber Meets the Road: Applying the Code of Professional Conduct and ASOPs in Your Daily Work,” constitutes an organized activity as defined under the current Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States. Under these Qualification Standards, an hour of continuing education is defined as 50 minutes, and fractions of an hour may be counted.
 
JBEA CPE Credit
The Joint Board for the Enrollment of Actuaries (JBEA) has approved the Academy as a qualifying sponsor of continuing professional education (CPE) programs for enrolled actuaries.
 
If you are an enrolled actuary, the Academy believes in good faith that you may earn 1.8 CPE core ethics credits under the JBEA rules for attending this live webinar. However, the JBEA ultimately determines what constitutes core, non-core, ethics or non-ethics continuing education and the number of CPE credit hours allocated to same for enrolled actuaries. During the live webinar ONLY, instructions will be given to attendees on the process for obtaining certificates of attendance.
 
To constitute formal CE under the JBEA regulations, there must be three (3) or more people involved in substantive pension services physically present at your webinar location.