[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-0-en-105":3,"doc-seo-387687-105":59,"doc-detail-387687-en":131},{"code":4,"msg":5,"data":6},0,"success",[7,13,18,23,28,33,38,43,48,51,55],{"id":8,"doc_module":4,"doc_module_name":9,"category_name":10,"show_sort_weight":11,"slug":12},1,"Document","Story & Novel",90,"story-novel",{"id":14,"doc_module":4,"doc_module_name":9,"category_name":15,"show_sort_weight":16,"slug":17},2,"Literature",80,"literature",{"id":19,"doc_module":4,"doc_module_name":9,"category_name":20,"show_sort_weight":21,"slug":22},4,"Exam",70,"exam",{"id":24,"doc_module":4,"doc_module_name":9,"category_name":25,"show_sort_weight":26,"slug":27},5,"Comic",60,"comic",{"id":29,"doc_module":4,"doc_module_name":9,"category_name":30,"show_sort_weight":31,"slug":32},6,"Technology",50,"technology",{"id":34,"doc_module":4,"doc_module_name":9,"category_name":35,"show_sort_weight":36,"slug":37},7,"Healthcare",40,"healthcare",{"id":39,"doc_module":4,"doc_module_name":9,"category_name":40,"show_sort_weight":41,"slug":42},8,"Research & Report",30,"research-report",{"id":44,"doc_module":4,"doc_module_name":9,"category_name":45,"show_sort_weight":46,"slug":47},9,"Religion & Spirituality",20,"religion-spirituality",{"id":46,"doc_module":4,"doc_module_name":9,"category_name":49,"show_sort_weight":46,"slug":50},"World Cup","world-cup",{"id":52,"doc_module":4,"doc_module_name":9,"category_name":53,"show_sort_weight":52,"slug":54},10,"Lifestyle","lifestyle",{"id":56,"doc_module":4,"doc_module_name":9,"category_name":57,"show_sort_weight":24,"slug":58},19,"General","general",{"code":4,"msg":60,"data":61},"ok",{"site_id":62,"language":63,"slug":64,"title":65,"keywords":66,"description":67,"schema_data":68,"social_meta":124,"head_meta":126,"extra_data":128,"updated_unix":130},105,"en","propertycasualty-actuaries-and-the-new-us-qualification-standard-code-of-professional-conduct-nolan-asch","Property/Casualty Actuaries and the New US Qualification Standard - Code of Professional Conduct - Nolan Asch","","Presentation material describing the U.S. actuarial qualification framework for Property/Casualty Actuaries under the American Academy of Actuaries. It explains Precept 2 of the Code of Professional Conduct, emphasizing professional responsibility to meet applicable Qualification Standards through basic and continuing education and experience. It defines who is affected, including requirements for actuaries issuing Statements of Actuarial Opinion relied on in the United States, and clarifies the scope of actuarial services and SAO definitions. The document also references a new standard effective 1/1/08 and transition-related topics.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/propertycasualty-actuaries-and-the-new-us-qualification-standard-code-of-professional-conduct-nolan-asch/387687/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/propertycasualty-actuaries-and-the-new-us-qualification-standard-code-of-professional-conduct-nolan-asch/387687.png","ImageObject",300,407,{"name":92,"@type":93},"Connor ","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-31","2026-09-24",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What does Precept 2 require of an actuary?","Question",{"text":113,"@type":114},"An actuary must perform actuarial services only when qualified based on basic and continuing education and experience, and only when applicable qualification standards are satisfied.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"When are the revised U.S. Qualification Standards required?",{"text":118,"@type":114},"Actuaries who issue Statements of Actuarial Opinion for actuarial services in the United States must satisfy the Qualification Standards, and compliance is tied to where the work is relied upon rather than where the actuary is located.",{"name":120,"@type":111,"acceptedAnswer":121},"How is a Statement of Actuarial Opinion (SAO) defined here?",{"text":122,"@type":114},"An SAO is an opinion expressed by an actuary during performing actuarial services and intended to be relied upon by the addressed person or organization.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},387687,1790528089,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":140,"language":141,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":142,"faqs":143,"seo_title":144,"seo_description":67,"update_tm":145,"read_time":146,"preview_page_count":4},687207022233,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","Property/Casualty Actuaries and the New US Qualification  \nStandard  \nNolan Asch  \n(member, AAA Committee on Qualifications)  \n2007 CAGNY Meeting  \nThe opinions expressed herein are those of the presenter and not necessarily those of the American  \nAcademy of Actuaries or its Committee on  \nQualifications.  \nThe Code of Professional  \nConduct  \nPrecept 2 – An Actuary shall perform Actuarial services only when the Actuary is qualified to do so on the basis of basic and continuing education and experience and only when the Actuary satisfies applicable qualification standards.  \nThe Code of Professional  \nConduct  \nANNOTATION 2-1. It is the professional responsibility of an Actuary to observe applicable qualification standards that have been promulgated by a Recognized Actuarial Organization for the jurisdictions in which the Actuary renders Actuarial Services and to keep current regarding changes in these standards.  \nIn the US, the AAA has been delegated that responsibility by the other US-based organizations (CAS, SoA, ASPPA, CCA)  \nNew standard effective 1/1/08  \nIn 1965, members of the U.S. actuarial profession formed the American Academy of Actuaries to represent U.S. actuaries across all practice areas to reflect the voice of all U.S. actuaries on public policy issues, and to foster and maintain professionalism. In fulfilling its professionalism mission, one of the Academy’s tasks is to promulgate and monitor the Qualification Standards (QS) for basic education and experience and continuing education.  \nHistory  \nThe Academy’s Committee on Qualifications (COQ) is charged with promulgating, and revising, as necessary, the Qualification Standards.  \nWho’s Affected?  \nAgenda  \nThis presentation is oriented toward P/C Actuaries  \n– Some details, e.g. EA’s, not addressed  \nGeneral Qualification Standard  \n– Basic Education & Experience  \n– Continuing Education Transition  \n– Basic Education & Experience  \n– Continuing Education  \nChanges to Specific Qualification Standard for NAIC Opinions Acknowledgement & Record Keeping  \nQualification vs Membership  \nFAQ’s  \nYour Questions  \nWho’s Affected?  \nWho’s Affected?  \nActuaries who issue Statements of Actuarial Opinion when rendering Actuarial Services in the United States are required by the Code of Professional Conduct to satisfy the Qualification Standards.  \nThe Academy makes a broad interpretation of rendering A––ctuarial Services in the United States  \nDepends on the status of the entity for which the work is being done, rather than on where the actuary happens to be located.  \nWho’s Affected?  \n If you do not practice in the United States and do not issue SAOs that will be relied upon in the United States, then you are not required to comply with the revised Qualification Standards.  \n Under Precept 2 of the Code of   \nProfessional Conduct you will need to be mindful of whether you must meet   \nanother jurisdiction’s qualification standards.  \nStatement of Actuarial Opinion  \nFor purposes of these Qualification Standards, a Statement of Actuarial Opinion (SAO) is an opinion expressed by an actuary in the course of performing Actuarial Services and intended by that actuary to be relied upon by the person or organization to which the opinion is addressed.  \nStatement of Actuarial Opinion  \nActuarial Services are defined in the Code of Professional Conduct as “Professional services provided to a Principal [client or employer] by an individual acting in the capacity of an actuary. Such services include the rendering of advice, recommendations, findings, or opinions based upon actuarial considerations.”","cbCaijFAlwGRz83Q","https://ap.wps.com/l/cbCaijFAlwGRz83Q","pdf",237189,52,"English","# Who’s Affected?\n## General Qualification Standard\n## Qualification vs Membership\n## Statement of Actuarial Opinion","[{\"question\":\"What does Precept 2 require of an actuary?\",\"answer\":\"An actuary must perform actuarial services only when qualified based on basic and continuing education and experience, and only when applicable qualification standards are satisfied.\"},{\"question\":\"When are the revised U.S. Qualification Standards required?\",\"answer\":\"Actuaries who issue Statements of Actuarial Opinion for actuarial services in the United States must satisfy the Qualification Standards, and compliance is tied to where the work is relied upon rather than where the actuary is located.\"},{\"question\":\"How is a Statement of Actuarial Opinion (SAO) defined here?\",\"answer\":\"An SAO is an opinion expressed by an actuary during performing actuarial services and intended to be relied upon by the addressed person or organization.\"}]","Property/Casualty Actuaries and the New US Qualification Standard - Code of Professional Conduct - Nolan Asch | PDF",1790288038,131]