CAS Exam 6C Fall 2014, Question 33
Study guide: Exam 6C
Part a (1 point)
Briefly describe the four responsibilities of a Fellow of the Canadian Institute of Actuaries before accepting a position as an Appointed Actuary (AA).
Part b (1.25 points)
One of the duties of the AA is to identify the types of transactions or conditions which may have a material adverse effect on the financial condition of the company. Briefly describe how the actuary should perform this duty and fully describe the process to be followed when a material adverse event is discovered.
Answer this question and see the worked solution