The American Academy of Actuaries Expresses Support for Current Definitions of Qualified Appointed Actuary, Offers Models for Uniform Definition at NAIC's Request
Academy President Tom Terry provided comments in a Jan. 21 letter to the National Association of Insurance Commissioners (NAIC) Joint Qualified Actuary Subgroup (JQA) regarding the JQA's request for proposals on bringing uniformity to the current definitions of Qualified Actuary for Life, Health, and Property/Casualty Appointed Actuaries signing annual statements. Cecil Bykerk, Academy past-president presented additional perspectives on the comment letter during a JQA conference call on Jan. 22, including the importance of the Academy's MAAA credential being the only one representing the US national profession, and the Academy as the only organization vested with US qualification, practice and conduct professionalism functions.
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