The CAS Rules of Procedure for Disciplinary Actions (as amended May 3, 2009 by the Board of Directors) requires an annual report by the Discipline Committee to the Board of Directors and to the membership. This report shall include a description of its activities, including commentary on the types of cases pending, resolved and dismissed. The annual report is subject to the confidentiality requirements.
The Discipline Committee received a report of an Actuarial Board for Counseling and Discipline proceeding in November 2019. In accordance with the CAS Rules of Procedure for Disciplinary Actions, a hearing was held on May 28, 2020; the Discipline Committee Panel voted unanimously to publicly reprimand the subject actuary for materially violating Precepts 1, 3 and 4 of the Code of Professional Conduct. The Appeals Panel of the CAS Board of Directors affirmed this decision in December 2020.
In March 2020, a complaint was received alleging that a candidate had materially violated Rule 2 of the CAS Code of Professional Conduct for Candidates. In accordance with the CAS Rules of Procedure for Disciplinary Actions involving Candidates, the chair of the Discipline Committee requested that the subject candidate respond to the allegations. Having received the candidate’s perspective on the matter, the case was dismissed by the chair of the Discipline Committee.
Finally, in December 2019, the Discipline Committee was asked to make inquiry concerning a matter that involved 67 individuals, 21 of whom were CAS members and the remainder CAS candidates. The matter involved potential violations of Precept 1 of the Code of Professional Conduct by CAS members and of Rules 1 and 2 of the Code of Professional Conduct for Candidates by the CAS candidates. Members of the Discipline Committee interviewed all of the CAS members and a sampling of the candidates to better understand their involvement in the matter. A report on this matter is being prepared and is expected to be presented to the CAS Executive Committee in the first quarter 2021.
There are no cases currently pending before the committee.
—Pat Teufel, Chairperson of the `2020 Discipline Committee
December 30, 2020