Effective June 1, 2012, the eligibility requirements to become an Associate of the CIA are changing. The changes bring the CIA eligibility requirements in line with those of the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS). Therefore, candidates who have completed the requirements for the ASA, ACAS, or CERA credential may qualify to become an Associate of the CIA.
In addition, as of June 1, 2012, Associates of the CIA will be able to use the designation ACIA, which was previously not permitted. Associates will also gain voting rights five full years after they obtain Associate status with the Institute. Associates enrolled for five years or less will pay 30 percent of Fellow dues, while those enrolled for more than five years will pay 85 percent of Fellow dues.
Effective June 1, 2013, to become a Fellow of the Institute, all candidates will be required to have been enrolled with the Institute as an Associate for at least 12 months while acquiring the required Canadian experience. The total professional experience requirement for Fellowship is 36 months, of which 12 months must be Canadian experience.
Therefore, candidates planning to apply for Fellowship in the Institute on or after June 1, 2013, should consider enrolling as an Associate with the Institute for the upcoming membership year beginning June 1, 2012.
As a reminder, the CIA considers only Fellows to be fully-qualified actuaries and, as such, maintains that in Canada, only FCIAs may call themselves actuaries.