Is completing the Joint Board for the Enrollment of Actuaries continuing education requirement a form of alternative compliance with the SOA CPD Requirement?
No. However, under very limited circumstances it might be sufficient for the CPD cycle ending on Dec. 31, 2010. It depends on whether you qualify for the limited exemption for Enrolled Actuaries in Paragraph 2.2.8 of the U.S. Qualification Standard. If you are an enrolled actuary, and you only issue Statements of Actuarial Opinion related to ERISA retirement plans and because of that you meet the Enrolled Actuaries exemption in paragraph 2.2.8 of the U.S. Qualification Standard, you meet the terms of the U.S. Qualification Standard. By meeting the terms of the U.S. Qualification Standard, you meet the SOA CPD Requirement, through alternative compliance. Meeting the Joint Board requirement meets the requirements of the U.S. Qualification Standard, and meeting the requirements of the U.S. Qualification Standard, in turn, meets the SOA CPD Requirement. AC9. I am a SOA member, based in the US, and I’m not practicing as an actuary anymore (not issuing Statements of Actuarial Opinion) but I
