Intro to Actuarial Science Concepts with Correct Answers.

SOA Correct Answer Society of Actuaries - 1949 CAS Correct Answer Casuality Actuarial Society - 1914 The Conference or The CCA Correct Answer Conference of Consulting Actuaries - 1950 "Ass puh" Correct Answer American Society of Pension Professionals and Actuaries - 1966 The Academy Correct Answer American Academy of Actuaries - 1965 The Joint Board Correct Answer Joint Board for the Enrollment of Actuaries - 1974 The ABCD Correct Answer Actuarial Board of Counseling and Discipline - 1992 The ASB Correct Answer Actuarial Standards Board - 1988 The CIA Correct Answer Canadian Institute of Actuaries - 1965 The IFoA Correct Answer Institute and Faculty of Actuaries - 2010 The IAA Correct Answer International Actuarial Association - 1998 What is an Actuary? Correct Answer A person who holds an actuarial designation from a professional actuarial organization Code of Professional Conduct Correct Answer 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 Answer January 1, 2001 Precept 1: Professional Integrity Correct Answer 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 Answer 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.