CONSTITUTION OF THE ST. LOUIS ACTUARIES CLUB

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Effective December 2024

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PREAMBLE 

We, the members of the St. Louis Actuaries Club, establish this Constitution to provide a framework for our association, promoting the professional development, networking, and collaboration of actuaries in the St. Louis area.

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ARTICLE I: NAME

The name of this organization shall be the St. Louis Actuaries Club (hereinafter referred to as "the Club").

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ARTICLE II: PURPOSE

The purposes of the Club are:

1. to foster professional education and career development among actuaries in the St. Louis area;

2. to provide a platform for networking, knowledge sharing, and collaboration;

3. to promote the actuarial profession and raise awareness about its importance;

4. to support continuing education and professional standards for actuaries.

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ARTICLE III: MEMBERSHIP

1. Eligibility: Membership is open to all individuals who are engaged in or interested in the actuarial profession.

2. Categories of Membership: The Club shall have the following categories of membership:

   • General Members: Associates or Fellows in one or more of the professional actuarial societies, including the Casualty Actuarial Society, the Society of Actuaries, the Institute and Faculty of Actuaries, or any other body which maintains actuarial qualification requirements.

   • Retired Members: Those who would qualify as a General Member and who have retired from active actuarial practice.

   • Student Members: Persons who are intending to become a fully qualified actuary, whether employed in an actuarial capacity before qualifying for Associateship in a professional society, pursuing actuarial qualification while a full-time student, or pursuing actuarial qualification while employed in a non-actuarial capacity.

3. Rights and Privileges: All members shall have the right to attend meetings and participate

Club activities. Voting on Club business matters is limited to General Members only.

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ARTICLE IV: GOVERNANCE

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1. Executive Board: The governing body of the Club shall be the Executive Board, which shall
   consist of the following officers:

   • President - Shall define the timing and scope of Executive Board meetings and act as a
     signator on behalf of the Club.

   • Vice President - Shall act as a backup for the President and shall support their activities
     on behalf of the Club.

   • Treasurer - Shall maintain a record of the financial transactions of the Club.

   • Secretary - Shall maintain a record of the Executive Board meeting activity, the Annual
     Meeting activity, and any other Special Meeting activity.

   • If the Executive Board shall deem additional Officers necessary, the Board shall outline those Officers and their responsibilities in the Bylaws.

   • Specific responsibilities of each office shall be further defined in the Bylaws.

2. Selection and Term of Office: Officers shall be selected as specified in the Bylaws and shall
   serve a term of four years or until their successors are elected. The Bylaws shall outline the
   specific responsibilities of each Office.

3. Powers and Duties: The Executive Board shall have the authority to manage the affairs of the Club, including but not limited to setting policies, overseeing finances, and organizing events.

4. Eligibility: Only General Members who have been General Members for at least six months
   or have attended a meeting within the last year may be eligible for selection to the Executive Board.

5. Selection: Annually the Executive Board shall petition volunteers for any upcoming vacancies on the Executive Board. The Executive Board shall appropriately vet the various volunteers and present the proposed Executive Board slate to the Membership for approval at the Annual Meeting.

6. Restrictions: There shall be no more than two (2) Executive Board members employed by any one particular employer at the same time.

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ARTICLE V: MEETINGS

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1. General Meetings: The Club shall hold regular general meetings at a frequency determined
   the Club, including networking, mentoring, providing continuing professional education, and by the Executive Board. General Meetings shall be organized in order to execute the Purposes of support of future actuaries.

2. Annual Meeting: An annual meeting shall be held for the purpose of electing officers,
   reviewing the Club’s activities over the prior year and defining priorities for upcoming years.

3. Special Meetings: Special meetings may be called by the President or by a majority of the Executive Board members as needed.

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ARTICLE VI: FINANCES

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1. Fiscal Year: The fiscal year of the Club shall be the calendar year (January 1 through
   December 31).

2. Dues: The amounts and timing of membership dues payments shall be established by the
   Executive Board and approved by the membership at the Annual Meeting.

3. Financial Management: The Executive Board shall oversee the financial affairs of the Club,including budgeting, accounting, and auditing processes.

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ARTICLE VII: AMMENDMENTS

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1. Proposal of Amendments: Amendments to this Constitution may be proposed by the
   Executive Board or by a petition signed by at least ten percent (10%) of the membership.

2. Adoption of Amendments: Proposed amendments must be approved by a two-thirds (2/3)
   majority of the members present and voting at a duly called meeting, provided that notice of the proposed amendment has been given at least thirty (30) days prior to the meeting.

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ARTICLE VIII: DISSOLUTION

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In the event of the dissolution of the Club, any remaining assets after the satisfaction of all
liabilities shall be distributed to a non-profit organization with similar purposes, as determined by the Executive Board.

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ARTICLE IX: ADOPTION

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This Constitution shall become effective upon its adoption by a two-thirds (2/3) majority vote of the members present and voting at a duly called meeting.