Intro to Actuarial Science (correct answers)
SOA correct answers Society of Actuaries - 1949
CAS correct answers Casuality Actuarial Society - 1914
The Conference or The CCA correct answers Conference of Consulting Actuaries -
1950
"Ass puh" correct answers American Society of Pension Professionals and Actuaries -
1966
The Academy correct answers American Academy of Actuaries - 1965
The Joint Board correct answers Joint Board for the Enrollment of Actuaries - 1974
The ABCD correct answers Actuarial Board of Counseling and Discipline - 1992
The ASB correct answers Actuarial Standards Board - 1988
The CIA correct answers Canadian Institute of Actuaries - 1965
The IFoA correct answers Institute and Faculty of Actuaries - 2010
The IAA correct answers International Actuarial Association - 1998
What is an Actuary? correct answers A person who holds an actuarial designation from
a professional actuarial organization
Code of Professional Conduct correct answers 14 Precepts that apply to the members
of the 5 US-based organizations. It sets forth what it means for an actuary to act as a
professional
Date the Code of Professional Conduct was released correct answers January 1, 2001
Precept 1: Professional Integrity correct answers An Actuary shall act honestly, with
integrity and competence, and in a manner to fulfill the profession's responsibility to the
public and to uphold the reputation of the actuarial profession.
Precept 2: Qualification Standards correct answers 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.
, Precept 3: Standards of Practice correct answers An Actuary shall ensure that Actuarial
Services performed by or under the direction of the Actuary satisfy applicable standards
of practice.
Precept 13: Violations of the Code of Professional Conduct correct answers Apparent,
Unresolved, Apparent
Date of Candidate Code of Conduct Release correct answers December 1, 2008
Candidate Code of Conduct correct answers 8 Rules that applies to Actuarial
Candidates. Requires Actuarial Candidates to adhere to the high standards of conduct,
practice, and qualifications of the actuarial profession.
Actuarial Standard of Practice correct answers A SOP
Actuarial Standards Board (U.S.)
What do members of the ASOPs do? correct answers Identify what should be
considered, done, documented, and disclosed when rendering actuarial services.
Actuarial Services correct answers Professional services provided to a principal by an
individual in the capacity of an actuary. Such services include the rendering of advice,
recommendations, findings or opinions based on actuarial considerations.
What do Actuaries do? correct answers Prepare to communicate. Communicate.
What is ASOP NO. I correct answers Introductory Actuarial Standard of Practice
ASOP NO. I - Examples of terms all ASOPs use correct answers Must, Should, May,
Reasonable, Actuarial Services
What is ASOP NO. 41 correct answers Actuarial Communications
ASOP NO. 41 provides... correct answers Guidance to actuaries with respect to
actuarial communications
What NO. ASOP is a reference to all the other ASOPs correct answers ASOP NO. 41
Define Actuarial Communications correct answers A written, electronic, or oral
communication issued by an actuary with respect to actuarial services
Define Actuarial Document correct answers An actuarial communication in any recorded
form (ex. paper, e-mail, presentations, audio recordings, ect.)
What is ASOP NO. 23 correct answers Data Quality
SOA correct answers Society of Actuaries - 1949
CAS correct answers Casuality Actuarial Society - 1914
The Conference or The CCA correct answers Conference of Consulting Actuaries -
1950
"Ass puh" correct answers American Society of Pension Professionals and Actuaries -
1966
The Academy correct answers American Academy of Actuaries - 1965
The Joint Board correct answers Joint Board for the Enrollment of Actuaries - 1974
The ABCD correct answers Actuarial Board of Counseling and Discipline - 1992
The ASB correct answers Actuarial Standards Board - 1988
The CIA correct answers Canadian Institute of Actuaries - 1965
The IFoA correct answers Institute and Faculty of Actuaries - 2010
The IAA correct answers International Actuarial Association - 1998
What is an Actuary? correct answers A person who holds an actuarial designation from
a professional actuarial organization
Code of Professional Conduct correct answers 14 Precepts that apply to the members
of the 5 US-based organizations. It sets forth what it means for an actuary to act as a
professional
Date the Code of Professional Conduct was released correct answers January 1, 2001
Precept 1: Professional Integrity correct answers An Actuary shall act honestly, with
integrity and competence, and in a manner to fulfill the profession's responsibility to the
public and to uphold the reputation of the actuarial profession.
Precept 2: Qualification Standards correct answers 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.
, Precept 3: Standards of Practice correct answers An Actuary shall ensure that Actuarial
Services performed by or under the direction of the Actuary satisfy applicable standards
of practice.
Precept 13: Violations of the Code of Professional Conduct correct answers Apparent,
Unresolved, Apparent
Date of Candidate Code of Conduct Release correct answers December 1, 2008
Candidate Code of Conduct correct answers 8 Rules that applies to Actuarial
Candidates. Requires Actuarial Candidates to adhere to the high standards of conduct,
practice, and qualifications of the actuarial profession.
Actuarial Standard of Practice correct answers A SOP
Actuarial Standards Board (U.S.)
What do members of the ASOPs do? correct answers Identify what should be
considered, done, documented, and disclosed when rendering actuarial services.
Actuarial Services correct answers Professional services provided to a principal by an
individual in the capacity of an actuary. Such services include the rendering of advice,
recommendations, findings or opinions based on actuarial considerations.
What do Actuaries do? correct answers Prepare to communicate. Communicate.
What is ASOP NO. I correct answers Introductory Actuarial Standard of Practice
ASOP NO. I - Examples of terms all ASOPs use correct answers Must, Should, May,
Reasonable, Actuarial Services
What is ASOP NO. 41 correct answers Actuarial Communications
ASOP NO. 41 provides... correct answers Guidance to actuaries with respect to
actuarial communications
What NO. ASOP is a reference to all the other ASOPs correct answers ASOP NO. 41
Define Actuarial Communications correct answers A written, electronic, or oral
communication issued by an actuary with respect to actuarial services
Define Actuarial Document correct answers An actuarial communication in any recorded
form (ex. paper, e-mail, presentations, audio recordings, ect.)
What is ASOP NO. 23 correct answers Data Quality
