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ARKANSAS INSURANCE DEPARTMENT LEGAL DIVISION 1200 West Third Street Little Rock, AR 72201-1904 501-371-2820 FAX 501-371-2629 RULE AND REGULATION 16 ACTUARIES TABLE OF CONTENTS SECTION 1. SECTION 2.
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Start by gathering all the necessary information and documentation required for the application process. This may include your educational qualifications, work experience, and any relevant certifications or licenses.
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Familiarize yourself with the guidelines and requirements set forth by the professional actuarial societies or organizations. These guidelines will outline the specific criteria that must be met in order to be considered a qualified actuary.
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Review the specific definition of a qualified actuary as stated by the relevant governing body. This will provide you with a clear understanding of the expectations and responsibilities associated with this professional designation.
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Assess your own qualifications and experience to determine if you meet the criteria outlined by the governing body. This may involve conducting a self-evaluation of your education, experience, and skills.
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If you believe you meet the requirements, complete the application form provided by the governing body. Ensure that all sections are accurately filled out and that any supporting documents are provided as required.
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Who needs qualified actuary defined:

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Individuals aspiring to work in the field of actuarial science, particularly in roles that require a professional designation.
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Regulatory bodies or government agencies that require qualified actuaries to ensure compliance with industry regulations and standards.
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Clients or stakeholders relying on actuarial advice and expertise for making informed financial decisions. Having a qualified actuary can provide confidence in the reliability and accuracy of their assessments and recommendations.
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Actuarial societies or organizations that set the standards and qualifications for the profession. They require individuals to meet certain criteria to maintain the integrity and reputation of the actuarial profession.
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Qualified actuary is defined as an actuary who meets the specific education, experience, and examination requirements set forth by regulatory bodies.
The filing of qualified actuary is required by companies or organizations that offer pension plans.
Qualified actuary is filled out by providing accurate and complete information about the pension plan, funding, and actuarial assumptions.
The purpose of qualified actuary is to assess and ensure the financial soundness of pension plans, and to determine the funding requirements.
The qualified actuary report must include details about the pension plan's financial condition, assumptions used, and funding recommendations.
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