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Continuing Professional Development Credit

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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.

Sessions at this symposium may be suitable for fulfilling continuing professional development (CPD) requirements. The greatest number of credits you could apply:

  • 14.10 credits may be applied toward the “Qualification Standards for Actuaries Issuing Statements of Actuarial Opinion” and the “SOA Continuing Professional Development Requirement.”
  • 11.75 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 Standard 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.