Originally Posted by JMO
...people who are members of SOA, but not of the acdemy...
Just to clarify, I just listened to the webcast and read over all the AAA stuff...
My read says that you do not have to be an AAA member to be subject to the AAA rules. Any SOA (and CAS, etc) member who provides SAOs in the US needs to comply thru the conduit of the combined Code of Conduct.
Am I reading that correctly?
So I am thinking we should define an actuarially related Actuarial Outpost Statement to be an AOS.
If you are a CEO and an actuary then there is no requirement that you should know what you are talking about since you are, after all, a CEO. So CEO statements of actuarial opinion might be known as an Optional Actuarial Statement (OAS). If you are retired, maybe your statements could be an OSA (Obsolete Statement by an Actuary).
Then what we have is:
Any relied upon AOS provided by an SOA member makes the AOS an SAO, unless of course you are a CEO or retired, in which case it is an OAS or an OSA. Just to be safe, you better ASO (Archive your Statement of Opinion). This of course makes looking in the mirror all the more complicated.
Bottom line is if you are a dyslexic actuary, you are probably SOL instead of SOA and all these requirements will cause you to join AA instead of the AAA.