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Continuing Professional Development
The SOA Continuing Professional Development (CPD) Requirement was effective on Jan. 1, 2009 and members must report compliance annually as of each Dec. 31. Members must meet the Basic Requirement provisions of Section B or one of the Alternative Compliance provisions of Section C of the SOA CPD Requirement.
The SOA believes that sessions at this program may be suitable for fulfilling continuing professional development (CPD) requirements. The greatest number of credits you could apply is:
- 17.40 credits may be applied toward the “Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion” and the “SOA Continuing Professional Development Requirement.”
- 14.50 credits may be applied toward “The Canadian Institute of Actuaries Qualification Standard—Continuing Professional Development.”
The maximum total credit is calculated excluding section breakfasts. Each standard has different rules about how you may recognize different types of credit. Review the rules of the standard you are fulfilling to determine the actual number of credits from this meeting that you will be able to apply toward the requirements. Ultimately, it is the member’s responsibility to make a reasonable, good-faith determination as to whether a continuing education event meets the requirements.
For further information on the requirements, visit CPD requirement.
U.S. Qualification Standards
The Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion in the United States took effect Jan. 1, 2008 and were developed by the American Academy of Actuaries’ Committee on Qualifications, on behalf of the five U.S. actuarial organizations. As applicable, members may use the provisions of the U.S. Qualification Standards to meet the SOA CPD Requirement.
For further information on this requirement, visit the American Academy of Actuaries.
CIA Continuing Professional Development (CPD) Standard
The Canadian Institute of Actuaries Qualification Standard—Continuing Professional Development was adopted June 11, 2008. As applicable, members may use the provisions of the CIA CPD Standard to meet the SOA CPD requirement.
For further information on this requirement, visit the Canadian Institute of Actuaries.
Enrolled Actuary Credit
Sessions designated with core or noncore EA credit are recommended to help satisfy continuing education credits for enrolled actuaries. Instructions for obtaining credit will be provided at the meeting. While the SOA recommends these topics to help satisfy core and noncore continuing education credit for enrolled actuaries, the final decision as to meeting those requirements rests with the Joint Board for the Enrollment of Actuaries.