September 2006 Meeting

Event: September 2006  Meeting

Topic:  Professional Ethics for the Actuary
Why do we need all the elaborate structure under the heading of “Professional Ethics”?  We have a detailed Code of Conduct, Standards of Practice, and a Discipline system, all of which takes a lot of time and energy.  Why can’t we simply rely on our legal system, pushing for reasonable laws and relying on court enforcement?  Are we reinventing the wheel?  [Hint:  NO!] 

Are we expected to practice at a higher ethical level than would be expected of any person in business?  Linden was asked that question once, at a professionalism course, and wasn’t ready with an answer.  Ready now, he will share the answer at our meeting.

Speaker:  Linden N. Cole, F.S.A., M.A.A.A.    Linden Cole retired as Managing Director of the Society of Actuaries in 1998, after 18 years on SOA staff.  He continues teaching the SOA’s required professionalism courses.  At the SOA office, he provided staff support to the Society’s Education and Examination Committee from 1980 to 1994, as well as the Life Insurance Practice Area.  He also provided staff support to the Committee on Discipline and the Committee on Professionalism.  He was involved in the development of many of the case studies for the Fellowship Admissions Course.  During his tenure at the SOA, he authored the paper, “Fellowship Exams from a Grader’s Point of View”.  In a former life, Mr. Cole was Second Vice President and Actuary with Mutual Benefit Life in New Jersey, responsible for earnings forecasts and annual statement preparation, as well as the actuarial student program.  During his tenure there, he also held positions on the Society's E&E Committee, serving as an exam committee chair and as Education Chairperson.  He holds an A.B., cum laude, in Mathematics from Harvard University. 

Date:  Tuesday September 19, 2006   3:30 Registration   /   4:00 Speaker   /  5:00 Hors d’oeuvres

Location:  Blue Cross & Blue Shield of IL, CAL Conference Room 1
300 E. Randolph St., Chicago, IL 60601

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