Society of Actuaries Archived 2001 Yearbook

253 Pages·2001·1.26 MB·English

Society of Actuaries
Archived 2001 Yearbook
2001
Requirements for Admission
to the Society of Actuaries
This overview of actuarial education is written for Fellows and other interested audiences who are not taking exams. It is
edited to be informative, not definitive. Detailed information on courses, syllabus, study materials, fees, and examination
dates, times, and locations is given in the Fall Associateship and Fellowship Catalog and in the Spring Associateship
and Fellowship Catalog, which are available online at www.soa.org or from the Society office.
1. Requirements for Admission to the Society of Actuaries as an Associate
Anyone pursuing actuarial studies may apply for admission to the Society. If the Board of Governors approves the
Application for Admission as Associate, the candidate will be enrolled as an Associate of the Society of Actuaries (A.S.A.)
after completing the Associateship education and examination requirements prescribed by the Board of Governors, subject
to any further requirements that the Board may prescribe.
A candidate must complete Courses 1-6 as well as the Associateship Professionalism Course to satisfy the Associateship
requirements.
ASA COURSE DESCRIPTION
2. Requirements for Associateship
a. Required Courses
The following list shows the required courses needed to become an Associate under the new requirements.
Course 1 Mathematical Foundations of Actuarial Science
Course 2 Interest Theory, Economics and Finance
Course 3 Actuarial Models
Course 4 Actuarial Modeling
Course 5 Application of Basic Actuarial Principles
Course 6 Finance and Investments
b. Associateship Professionalism Course
The Associateship Professionalism Course is an additional requirement for the A.S.A. designation and may be taken after
completing Courses 1-4. The course will be offered at the Society's Spring and Annual Meetings and at other sites
throughout the year.
Credit for all courses must be obtained by examinations offered by the SOA or by an alternative method approved by the
Board of Governors. Also, in certain circumstances, course credit may be obtained by waiver for a candidate who has
examination credits in another recognized actuarial organization (see the Spring or Fall Associateship and Fellowship
Catalog).
3. Requirements for Fellowship
Candidates, earning their designation via the examination process, cannot attain Fellowship without having satisfied
requirements for Associateship. Candidates may not attend the Fellowship Admissions Course (FAC) until they have
completed all other Fellowship educational requirements. The Fellowship Admissions Course is required of all
candidates for Fellowship (see Section 3d.3 for a possible exception in limited circumstances).
Candidates who desire Fellowship in the Canadian Institute of Actuaries must complete the Society's Fellowship
requirements, including completion of the Fellowship Admissions Course, and complete any other CIA
requirements. Complete details are in the CIA Yearbook.
a. FSA Course Descriptions
Course 7 Applied Actuarial Modeling
Course 8 Advanced Specialized Actuarial Practice
Candidates must choose one of the following:
Finance
Health, Group Life & Managed Care
Individual Insurance
Investments
Retirement Benefits
b. Professional Development Requirement
The PD requirement of the SOA curriculum serves to cover topics that the practitioner will need to learn throughout his/her
career, including those that are country-specific, regulatory, or otherwise transitory in nature. Satisfying the PD requirement
occurs after completing the formal course of examinations and precedes eligibility for the FAC to attain the FSA
designation.
The candidate must obtain a minimum of 50 units of eligible education within a two year period, with at least 35 units coming
from the completion of suitable formal professional development programs (seminars and symposia, meeting sessions,
professional examinations, and courses), and 15 units from the completion of a professional project and communication of
the relevant aspects of the project.
c. Fellowship Admissions Course
The Fellowship Admissions Course is the final requirement for Fellowship and is required of all candidates for Fellowship. It
is offered following both the Spring and Fall examinations. Details are provided on the SOA Web site, www.soa.org.
d. Mutual Recognition
The FSA designation may also be granted to Fellows of the Institute of Actuaries, Faculty of Actuaries, Institute of
Actuaries of Australia and the Actuarial Society of Ireland via the terms of our Mutual Recognitiion agreements with these
organizations. Individuals seeking Fellowship via Mutual Recognition must meet the following requirements:
1. have attained full membership of the Institute or the Faculty by examination and not in recognition of membership of
another actuarial association;
2. be a Fellow in good standing of the Canadian Institute of Actuaries (CIA), or Member in good standing of the
American Academy of Actuaries (AAA), or full member in good standing of other actuarial associations designated
from time to time by the Society of Actuaries Board of Governors;
3. have attended and passed the Society of Actuaries Fellowship Admissions Course (FAC), or its equivalent as
recognized by the Society of Actuaries, in the five years prior to application;
4. have satisfied the Society of Actuaries Professional Development (PD) requirements, or its equivalent as recognized
by the Society of Actuaries, in the five years prior to application.
Individuals seeking additional information or an application should contact Brett Rogers at [email protected].
4. Correspondence
Requests for application forms or other correspondence regarding examinations, study notes, study groups or classes, or
other matters should be addressed to:
Society of Actuaries
475 N. Martingale Road, Suite 800
Schaumburg, IL 60173-2226
Phone: [phone]
Fax: [phone]
E-mail: [email protected]
2001 SOA Ambassador Listing

Argentina - Jorge Manuel Noronha, ASA Malaysia – Hassan B. Kamil, FSA
[email protected] [email protected]
Australia - Allan J. Wendt, FSA New Zealand – Richard Geisler, FSA
[email protected] [email protected]
Brazil – Ronald Poon-Affat, ASA Pakistan – Nauman A. Cheema, FSA
[email protected] [email protected]
Channel Isles – Rodney M. Benjamin, ASA Philippines – Mabini L. Juan, FSA
[email protected] [email protected]
Chile – Paul G. Hegg, ASA Poland – Henryk S. Walerys, ASA
[email protected] [email protected]
Colombia - Luis G. Caro, ASA People’s Republic of China - Arthur Guang Tong
[email protected] Ren, ASA [email protected]
Egypt – Mohammed F. Amer, FSA Singapore – Patricia Weifun Chang, FSA
[email protected] [email protected]
Germany – Tauno Jaekel South Africa – Peter C. Lamprecht, ASA
[email protected] [email protected]
Hong Kong - Yu-Wo Danny Chung, FSA Spain – Daniel DeKeizer, FSA
[email protected] [email protected]
Indonesia – Jeffrey P. Newnam, FSA Taiwan – Won How Lo, FSA
[email protected] [email protected]
Israel – Alan Dubin, FSA Tanzania – William Klunk, ASA
[email protected] [email protected]
Jamaica – Janet Sharp, FSA Trinidad – Robyn Day, FSA
[email protected] [email protected]
Japan - Stephen Conwill, FSA United Kingdom – Alan Twigg, ASA
[email protected] [email protected]
Luxembourg – Mian Ikran Shakir, ASA
[email protected]
Ambassador Home Page | Ambassador Purpose | Ambassadors Wanted
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2001 Officers
Board of Governors

Robert L. Brown W. James MacGinnitie

President President-Elect

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Stephen G. Kellison Neil A. Parmenter Craig R. Raymond

Vice-President Vice-President Vice-President
Past Presidents

A. Norman Crowder, III Howard J. Bolnick
Immediate Past President Penultimate President
2001 Board of Governors

Faye Albert Vincent Amoroso Robert M. Beuerlein
Joseph A. Applebaum

Allan Brender William J. Bugg, Jr. Thomas R. Corcoran
Samuel H. Cox

Christian J. DesRochers Larry M. Gorski Neville S. Henderson Richard L. (Dick) London

Timothy C. Pfeifer Edward L. Robbins Shirley Hwei-Chung Shao Judy L. Strachan

Dale H. Yamamoto Larry D. Zimpleman
General Counsel

Alan E. Lazarescu
Back to Yearbook | SOA Homepage
BOARD OF GOVERNORS
2000 – 2001
President Term Expires
Robert L. Brown 2001
President-Elect
W. James MacGinnitie 2001
Vice-Presidents
David N. Becker 2001
Morris W. Chambers 2001
Sue Ann Collins 2002
Stephen G. Kellison 2001
Neil A. Parmenter 2002
Craig R. Raymond 2002
Secretary/Treasurer
Stephen G. Kellison 2001
Past Presidents
Howard J. Bolnick 2001
A. Norman Crowder, III 2002
Board Members
Faye Albert 2003
Vincent Amoroso 2002
Joseph A. Applebaum 2003
Robert M. Beuerlein 2001
Allan Brender 2001
William J. Bugg, Jr. 2002
Thomas R. Corcoran 2002
Samuel H. Cox 2003
Christian J. DesRochers 2003
Larry M. Gorski 2003
Neville S. Henderson 2001
Richard L. (Dick) London 2001
Timothy C. Pfeifer 2001
Edward L. Robbins 2002
Shirley Hwei-Chung Shao 2002
Judy L. Strachan 2002
Dale H. Yamamoto 2003
Larry D. Zimpleman 2001
General Counsel
Alan E. Lazarescu

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