The Regulation and Taxation (U.S. and Canada) e-course gives you an overview of the regulatory environment of life and annuity insurance in the U.S. and Canada, with a special emphasis on how it impacts actuaries. You'll learn which government agencies regulate insurance and annuity products and why.
Section 1: Overview
Section 2: Solvency Regulation
Section 3: Market Regulation
Section 4: Other Regulations Affecting Product Design
Section 5: Taxation-Revenue Collection
Section 6: Other External Forces
Section 7: Wrap-up
Section 8: End-of-Course Test
After completing this e-course, you should be able to:
- Explain the purpose of regulation and taxation.
- Identify the regulatory and tax environments for insurance and annuities.
- Describe the types of regulations of insurance and annuities in the U.S. and Canada
- Define how the taxation of insurance and annuities affects product development, reserving, pricing and business practices.
- Individuals engaged in the actuarial profession at any level looking to fulfill their CPD requirement.
- Other professionals interested in or impacted by important topics related to the actuarial field.
The following books are resources are referenced in the e-course. While these materials are not required, they're recommended to enhance the e-course learning experience:
- Allen, Sharon B., Mary C. Bickley, Dennis W. Goodwin, Jennifer W. Herrod, Patsy Leeuwenburg, 2003. Life and Health Insurance Marketing. Third Edition. LOMA, Atlanta, GA. (Chapter 3 only).
- McQueen, Rod. 1996. Who Killed Confederation Life? The Inside Story . McClelland & Stewart. (This book is out-of-print, but full text is provided in PDF format within the module. Used, hard copies of the book are available for purchase via the Internet).
- This e-course may be suitable to meet the Basic Requirement provisions of Section B of the SOA CPD requirement.
- This e-course may also be suitable to meet the provisions of an Alternative Compliance standard (please consult the appropriate standard).
- This e-course is for professional development. It's not intended to substitute for any professionalism requirements for the ASA, CERA or FSA credentials. If you wish to register for an e-learning module to attain a designation, please visit the e-learning module Web page .
- Ultimately, it's an actuary's responsibility to make a reasonable, good-faith determination of what continuing education opportunities will enhance his or her ability to practice in a desired field. For more information on continuing education requirements, visit soa.org/CE .