| June 2003 | For the Candidates of the Casualty Actuarial Society | Volume 9, No. 2 |
Important Dates to Remember
Deadline for Refund Requests
Analysis Request Deadline
Appeal Deadline
Fall 2003 Registration Deadline
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| Mutual Recognition This article was adapted from "CAS Board Endorses the Concept of Mutual Recognition," The Actuarial Review, February 2003. Q: What is mutual recognition? A: Mutual recognition involves a reciprocal agreement between two actuarial organizations by which a member of one organization can become a member in the other, subject to the requirements in the agreement. Q: Why does the CAS think mutual recognition is important? A: A few recent examples of the importance of mutual recognition agreements are: 1. As a consequence of the CAS not entering into mutual recognition agreements during 2000 and 2001, there were developments in Australia and Ireland regarding qualifications for a valuation actuary that excluded CAS members. 2. Many candidates outside of North America are discouraged from taking CAS examinations, since being a CAS member would not make them qualified actuaries in their home country because of the lack of mutual recognition. 3. The image of the CAS within the international community is negatively affected because of its position regarding mutual recognition.
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