Description: From the Valuation Actuary Symposium Proceedings January 1986 Discussion of the development of the valuation actuary concept, various aspects of current regulation, and major features of the valuation actuary concept. Also discussion of the nature of professional liability and the specific legal liability of the valuation actuary. Finally an overview of some methods of limiting that liability.

Description: The author's stated purpose of this article is to provide members of the actuarial profession with background information regarding the question of continuing education from the perspective of other professions: what they do, how they have done it, and the extent to which the actuarial profession can learn from other professional groups.

Description: This session from the 1983 SOA Atlanta Meeting covers the current developments on the Unisex rating issue including judicial, statutory, political, regulatory and the future outlook. It also looks at the blending approaches to represent unisex factors and the impact of the Norris decision on TIAA-CREF.

Description: Legal and financial experts discuss: [1] how far can an actuary go in giving investment advice before he or she is considered to be an investment advisor, [2] what is the minimum investment advice an actuary must give lest he or she be considered irresponsible, and [3] case studies. From the 1988 Record of Society of Actuaries, Vol. 14, No. 4B.

Description: In this paper, Chapter VII of the 1987 Valuation Actuary Handbook, the author, an attorney with the American Academy of Actuaries, discusses the valuation actuary concept, starting with the current regulatory system. The potential legal implications, including personal liability, are explored. The author notes that “perhaps most significant is the fact that by increasing the scope of the valuation actuary’s duties, the nature and scope of potential professional liability also increase.”