View Full Version : PD requirement
07-20-2003, 03:36 AM
What's the components of an usual PD plan ?
Do people usually choose the Examination Validated Options or go to seminar ? I am just a junior actuarial student who want to know more
about PD plan. Will you guys take an additional Course 8 or take others professional exams .eg. CFA,CPA exams. to fulfill the PD requirement ?
07-21-2003, 11:01 AM
I have no idea why in the world someone would subject themselves to an additional course 8 when you can just sleep through some seminars. I guess if you're changing fields, it may help, but again you might as well attend some seminars. I don't know anyone who has chosen to take another C8.
I'd write more detail on the PD components, but I you can find it all on the PD page of the SOA.
07-21-2003, 11:35 AM
Thanks for your reply.
I have read the PD-related information from SOA website. But i still have no idea about the usual practice of getting the PD credits.
So, you means that most of the people will attend seminars instead of taking extra exams ? If I am not living in US, it's quite expensive for me to attend the seminars for so many times.
Any idea ?
07-21-2003, 12:01 PM
If cost and location are an issue, definitely look into the Distance Learning option. As I stated in a previous thread:
When you send in your Initial PD Plan and filing fee, there's a box on the payment form (http://www.soa.org/eande/pdfiling.html) to check off if you want to include an additional $125 for the Distance Learning option. This gets you access to all the online courses as well as the tapes of past meetings, etc. (Paying for the online courses individually does cost about $75 per course, I think.) There's plenty of info about it on the filing form linked above. I used 2 courses, because that was all that related to my track. You can get up to 15 credits from online courses and/or tapes.
I'd also suggest contacting the SOA and explaining your situation; they might let you have more than 15 credits from the Distance Learning option.
07-21-2003, 12:04 PM
Also, you can earn up to 15 non-approved credits by attending seminars your company gives. That's what I did.
07-21-2003, 12:27 PM
Someone on the forum gave a presentation for some credits. I forget how many credits that's worth, though. Plus, it probably counts as non-SOA approved credits?
So, if you have all 50 credits to do, you have 15 for your project, plus 15 through distance learning (i.e. a CD, virtual campus), 15 non-approved credits, and then you'll still have to figure out 5. Maybe you could get to just one seminar. I agree with "In England" - you may be able to explain the situation to the SOA and maybe they could help you with the extra 5 credits?
07-22-2003, 08:16 AM
Yes, giving presentations is for non-approved credits, I also did that. I earned 3 credits for giving a one-hour presentation.
I can earn continuing education credits by attending Institute of Actuaries meetings in England due to a reciprocal agreement with the SOA. I wonder if that applies to PD approved credits as well?
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