Member News

2023 Annual Report of the CAS Discipline Committee

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.

2023 Activity

On January 5, 2023, the Discipline Committee received a report from the Actuarial Board for Counseling and Discipline (ABCD) recommending that a subject actuary be publicly reprimanded for a material violation of Precept 1, Annotation 1-4 of the Code of Professional Conduct.

In accordance with the CAS Rules of Procedure for Disciplinary Actions, a hearing was held. The Discipline Panel voted to reject the ABCD recommendation and dismissed the case.

There were no cases pending before the committee as of November 30, 2023.

—Pat Teufel, Chairperson of the 2023 Discipline Committee
December 15, 2023