In the June HealthCheck, it was reported that the Health Practice Council (HPC) submitted a statement for the record to the House Ways and Means Committee for its Wednesday hearing, “Pathways to Universal Health Coverage.” Also covered, the HPC submitted a comment letter to the Actuarial Standards Board on the fourth exposure draft of a proposed new actuarial standard of practice on modeling; the Essential Elements report “Medicare’s Long-Term Sustainability Challenge” and related issue brief Medicare’
This Week: Academy Presents Seminar at NAIC Insurance Summit; Deadline Today for P/C Loss Reserve Law Manual Survey
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Council Submits Comments to Congressional Committee Regarding Hearing on Pathways to Universal Health Coverage
The Health Practice Council submitted comments to the U.S. House Committee on Ways and Means regarding its June 12 hearing, "Pathways to Universal Health Coverage."
50. How does an actuary meet the qualification requirements to issue statements of actuarial opinion (SAOs) that blend elements of two or more areas of actuarial practice? What qualification requirements apply when the blended SAO involves the review of o
Question
50. How does an actuary meet the qualification requirements to issue statements of actuarial opinion (SAOs) that blend elements of two or more areas of actuarial practice? What qualification requirements apply when the blended SAO involves the review of or relies upon the work or opinion of another actuary?
Two examples of such “blended opinions” are long-term care (LTC) opinions, which typically blend elements of life and health, and other postemployment benefits (OPEB), which often blend pension and health. A credentialed actuary who issues a blended opinion when providing Actuarial Services must satisfy the requirements contained in the U.S. Qualification Standards (USQS) as follows:
Professionalism Counts, May 2019
Are you experienced? The May “Professionalism Counts” reviews experience requirements for actuaries, including basic and continuing education. (Actuarial Update, May 2019)