Academy Offers NAIC JQA Subgroup a Uniform Definition of “Qualified Actuary” Referencing MAAA Credential
In a Jan. 6 letter to the National Association of Insurance Commissioners’ (NAIC) Joint Qualified Actuary subgroup, American Academy of Actuaries President Tom Terry provides comments on a uniform definition of “qualified actuary” for life, health, and property/casualty appointed actuaries signing prescribed NAIC Statements of Actuarial Opinion. The NAIC JQA Subgroup invited comments on a uniform definition, and the Academy’s response recommended a definition that achieves “one level of the uniformity” by reference to one credential: the MAAA.
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