|
|
2008 Dues
All dues for members shall be
payable as of the beginning of each calendar year for such calendar year.
The amount of dues for each class of membership shall be determined annually by
the Board of Directors, with any change subject to confirmation by a majority
vote of the Fellows and Members present and voting at the Annual Meeting of the
Conference before such dues become effective.
Annual dues shall be payable
for a full calendar year or for any part of a calendar year during which the
person was a member of the Conference, provided that when a person is admitted
as a member after July 1 of any year, the dues shall apply for the calendar year
beginning on the succeeding January 1. The payment of such dues shall
entitle the actuary to all rights of Conference membership, including a copy of
The Proceedings for the year for which the dues were paid.
Based on the decision of the Board of Directors, the
membership dues for 2008 are as follows: Fellows and Associates --
$390.
Dues to the Conference of Consulting
Actuaries are not deductible as charitable contributions for Federal Income Tax
purposes. Dues payments may be deductible as an ordinary and necessary business
expense.
|
A candidate for any class of membership must
be highly proficient in the
scientific and practical application of the mathematics of financial
contingencies and of other techniques relating directly or
indirectly thereto; and have professional and business
qualifications, moral character, and ethics that are beyond
reproach.
The following paragraphs describe the more specific requirements for Fellows and Associates.
Fellow
A candidate for membership as a Fellow must, as
of his or her date of application, be substantially engaged in
consulting actuarial practice; in work as an actuary of a governmental
unit; in work as an Enrolled Actuary; in work at an insurance company;
or in teaching actuarial science and satisfy any one of the following
three independent criteria:
(1) Have completed six years of
experience in responsible actuarial work, three of which are in
actuarial consulting, and attained the designation of ASA (Associate
of the Society of Actuaries), or ACAS (Associate of the Casualty
Actuarial Society), or EA (Enrolled Actuary), or MAAA (Member of the
American Academy of Actuaries), or MSPA (Member of the American
Society of Pension Professionals and Actuaries) or the equivalent
designation for any international actuarial organization accepted by
the Board of Directors of the Conference;
(2) Have been an active member in
the Conference for a period of three consecutive years after
attainment of the Associate membership designation, be in good
standing, and practicing as a consultant; or
(3) Have attained the designation
of FSA (Fellow of the Society of Actuaries), FCAS (Fellow of the
Casualty Actuarial Society), or FSPA (Fellow of the American Society
of Pension Professionals and Actuaries), or the equivalent
designation for any international actuarial organization accepted by
the Board of Directors of the Conference.
Additionally, applicants must meet
such other qualifications and requirements as may be required from time
to time by the Board of Directors.
Associate
A candidate for membership as an Associate
must, as of his or her date of application:
(1) Have attained the designation
of ASA (Associate of the Society of Actuaries), or ACAS (Associate
of the Casualty Actuarial Society), or EA (Enrolled Actuary), or
MAAA (Member of the American Academy of Actuaries), or MSPA (Member
of the American Society of Pension Professionals and Actuaries); or
the equivalent designation for any international actuarial
organization accepted by the Board of Directors of the Conference;
and
(2) Meet such other qualifications
and requirements as may be required from time to time by the Board
of Directors.
Designation Maintenance
An
active actuary must participate in the
Continuing Education Requirement for Membership in order to maintain his or
her Conference designation.
A
retired actuary who does not participate in the
Continuing Education Requirement for Membership
can continue to use his or her current Conference designation with the addition of "-R"
attached to the designation (FCA-R or ACA-R).
A
retired actuary who satisfies the Continuing
Education Requirement for Membership can continue to use his or her current
Conference designation without alteration.
Membership for Non-SOA/CAS
Credentialed Actuaries
All actuaries not credentialed
by the Society of Actuaries or the Casualty Actuarial Society are required
to sign off on a form acknowledging professional awareness of the
Qualification Standards and professionalism for actuaries prior to
processing his/her application (required by the International Actuarial
Association).
Click here to review
the web page "Professionalism for U.S. Actuaries, Outline of Concepts and
Structure." The acknowledgement form is linked to the end of the page.
|
