FELLOWS

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					REINSTATEMENT POLICY


Reinstatement applications will be considered using the criteria below:



FELLOWS/ASSOCIATES

            If a Fellow or Associate wished to re-join within 2 years of leaving, the
            following conditions must be met:

               They must provide a letter of recommendation from another FIA/FFA.

               They must also pay the full subscription fee for the year in which they rejoin and
                a reinstatement fee which is currently 25% of the full subscription rate for the
                year in which they rejoin. If they had been defaulted they would require to pay
                any outstanding amounts owed from the year in which they defaulted.

            If a Fellow or Associate wished to re-join more than 2 years after leaving, the
            following conditions must be met:

               They must provide character references from two FFA's/FIA's, which cover the
                whole period since leaving the profession.

               They must also pay the full subscription fee for the year in which they rejoin and
                a reinstatement fee which is currently 25% of the full subscription rate for the
                year in which they rejoin. If they had been defaulted they would require to pay
                any outstanding amounts owed from the year in which they defaulted.

               They must attend a professionalism course within 12 months..

               Written acceptance of the Profession's Actuaries’ Code, CPD requirements and
                the fact that their CPD may not be 'up to date' for many months and this could
                influence the giving of 'actuarial advice'

            Furthermore, when a ‘Fellow’ wishes to be reinstated after 5 years or more, in
            addition to meeting the standard criteria for reinstatement, he/she should be asked to
            answer the following questions, aimed at ascertaining;

               Why he/she had left the profession?
               Why he/she wishes to rejoin the profession?
               What work he/she has done since leaving the profession? (will be required to
                provide a CV of all positions held since leaving the profession)
STUDENTS

    If a Student wished to re-join the following conditions must be met:

       They must pay the full subscription fee for the year in which they rejoin and a
        reinstatement fee which is currently 25% of the full subscription rate for the year
        in which they rejoin. If they had been defaulted they would require to pay any
        outstanding amounts owed from the year in which they defaulted.


AFFILIATES

    If an Affiliate wished to re-join , the following conditions must be met:

       They must pay the full subscription fee for the year in which they rejoin and a
        reinstatement fee which is currently 25% of the full subscription rate for the year
        in which they rejoin. If they had been defaulted they would require to pay any
        outstanding amounts owed from the year in which they defaulted.

NB: If an Affiliate who was previously a Fellow wishes to reinstate to Fellowship they will
be required to follow the reinstatement rules for Fellows as set out above.

				
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posted:11/8/2011
language:English
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