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Committees

Accreditation

Terms of Reference

Created – 10 September 1995, Last revised – 16 October 2015

 

1. Membership

Membership of the Committee is open to one delegate from each IAA Full Member association.

2. Purpose

To examine applications for membership, review membership requirements, and to bring recommendations forward to Council on a timely basis, including specific situations where members do not maintain compliance with the requirements of membership.

3. Role

  • To recommend the requirements for membership of the IAA to Council and to review these requirements periodically.
  • To examine applications for membership and to determine compliance with the membership requirements.
  • To bring recommendations forward to Council with respect to admission.
  • To monitor continuing compliance with the membership requirements, including through the Confirmation Form process.
  • To recommend appropriate action to Council in circumstances where a member fails to maintain compliance with membership requirements.
  • To liaise with other IAA committees, as needed, on issues related to membership requirements.
  • To receive requests from other IAA committees for information to be gathered in the Confirmation Form process, and modify the form as appropriate.
  • To rely on the advice of the Education Committee in relation to compliance with the education requirements.
  • To liaise with associations applying for membership in the IAA, or wishing to upgrade their status in the IAA.

4. Decision-making authority

The Committee operates within the IAA Statutes and Internal Regulations and makes recommendations for action by Council or the IAA Executive Committee as appropriate.

5. Operational matters

Frequency of Meetings:

The Committee meets twice a year in conjunction with each IAA Council meeting and by teleconference as required. From time to time, the Committee forms working groups from among its members that may meet more frequently. All activities of working groups are reported back to the whole Committee, and all substantive actions are taken by the Committee.

Agendas and papers:

All meetings will have a formal agenda agreed by the Chairperson which must generally be distributed, along with required papers, at least a week before each meeting. Agendas and meeting papers are available from the Committee page on the IAA website.

Minutes:
Minutes of each meeting will be prepared and distributed as soon as practicable after each meeting. Minutes are available from the Committee page on the IAA website.

Votes:
The committee shall attempt to make decisions by consensus. However, where necessary, decisions may be made by a simple majority of the Committee members voting either at the meeting or electronically, with the Chairperson having a casting vote in the event of a tie.

Reporting:

The Committee reports to the Executive Committee (EC). To facilitate communication, the EC appoints one of its members to serve as the EC liaison person.

The Committee will review its mandate at least every three years and report the results of this review to the Executive Committee.

The Committee Chairperson will submit a proposed workplan and, where applicable, a related budget for the comming year, for EC consideration.

The Chairperson will provide a written update report to the IAA Secretariat after each bi-annual Committee meeting.

IAA Liaison:
The Committee will liaise with other IAA Committees and Sections as required to carry out its role and activities. This will include any Committee that may be involved in the development or review of actuarial education. It will also include the Advice and Assistance Committee in relation to assisting associations on the development of accreditation documentation, Education Committee in relation to education requirements, and the Professionalism Committee in relation to professionalism education.

External Liaison:
The Committee will liaise with external stakeholders as required to undertake its role and activities.

These liaisons are subject to requirements and/or processes of the IAA Statutes and Internal Regulations, and established policies and protocols. Public statements are made in accordance with the Branding Policy and the Due Process for Making a Public Statement.

Other operational matters:
The Committee will share information regarding developments and initiatives in relation to matters relevant to actuarial accreditation via the Committee page on the IAA website.

The Committee will identify, in its workplan, any risk exposure to the IAA from its actions or decision-making and consider risk-mitigating strategies as part of its operations.

The Committee may also periodically conduct surveys of member associations as required to undertake its role and activities.

6.Subcommittees, Working Groups and Taskforces Reporting to the Committee

None