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Simple English definitions for legal terms

American Academy of Actuaries

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A quick definition of American Academy of Actuaries:

The American Academy of Actuaries is a group of people who are really good at math and statistics. They have studied for a long time and have worked for at least three years as actuaries. The Academy helps people understand what actuaries do and talks to the government about important things. They also have meetings to keep learning and getting better at their jobs. An actuary is someone who figures out how much money insurance companies and pension plans should charge based on what might happen in the future.

A more thorough explanation:

The American Academy of Actuaries is a national organization of actuaries who have at least three years of actuarial work experience and meet specified educational requirements. The Academy was created in 1965 to promote public awareness of the actuarial profession, represent the profession before federal and state governments, and sponsor continuing-education conferences. The abbreviation for the American Academy of Actuaries is AAA.

An actuary is a statistician who determines the present effects of future contingent events. They calculate insurance and pension rates based on empirically based tables. For example, an actuary might use data on the life expectancy of people in a certain age group to determine the cost of life insurance for that group. Another example is an actuary using data on the likelihood of car accidents to determine the cost of car insurance for different drivers.

The American Academy of Actuaries ensures that its members have the necessary education and experience to make accurate predictions and calculations. This helps insurance companies and other organizations make informed decisions about risk and financial planning.

amercement | American Accounting Association

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General chat about the legal profession.
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medicine is a scam
join the ethically ambiguous legal field instead
Dkk
18:57
I want to meet an attorney that defends clients who run into flat earth problems. I want an attorney that knows and believes in flat earth theory.
19:05
i want a flat earther for president. i want a guy who posts on 4chan for president. i want someone who mogs for president.
Dkk
19:18
Exactly. My version of that awful poem.
Dkk
19:19
I can accept a president with maybe one or two of the poems traits hut good God, all of them??? No ty.
windyMagician
19:20
president who respects sex is crazy
windyMagician
19:20
we had bill clinton already
Dkk
19:21
Bill Clinton, first and last black president
windyMagician
19:23
I want to go running but my leg feels weird
windyMagician
19:23
it doesn't hurt its just tingly
Dkk
19:26
It needs more alcohol. You tingle when your nerves need watering.
19:27
try stretching it maybe to see what's up
windyMagician
19:27
stretches make me think it's just soreness
windyMagician
19:27
I'm sober lol
Dkk
19:38
Anyone else get the google notification that your LSD password has been compromised lol. LSD got hacked.
20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
21:10
nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
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