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Code of Conduct
The American Academy of Actuaries provides binding guidance as to the professional standards an Actuary must follow. The full code is available at http://www.actuary.org/code.asp. An excerpt:
Professional Integrity
PRECEPT 1. An Actuary shall act honestly, with integrity and competence, and in a manner to fulfill the profession’s responsibility to the public and to uphold the reputation of the actuarial profession.
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Control of Work Product
PRECEPT 8. An Actuary who performs Actuarial Services shall take reasonable steps to ensure that such services are not used to mislead other parties.
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Practicing Actuaries are responsible for upholding the Code of Conduct and can lose their credentials for violations.