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Notice

The 2011 Syllabus of Basic Education reflects that new Education Structure. Preliminary exams (Exams 1-4) and Validation by Education Experience (VEE) requirements were not part of the restructuring for 2011. To receive credit for the new exam 5, the candidate must have credit for both old exams 5 and 6.

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15 views

Notice

The 2011 Syllabus of Basic Education reflects that new Education Structure. Preliminary exams (Exams 1-4) and Validation by Education Experience (VEE) requirements were not part of the restructuring for 2011. To receive credit for the new exam 5, the candidate must have credit for both old exams 5 and 6.

Uploaded by

harunaku
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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NOTICES TO CANDIDATES FOR 2011

1. New Education Structure


The 2011 Syllabus of Basic Education reflects that new education structure that the CAS Board of
Directors announced in March 2008. The preliminary exams (Exams 1-4), Validation by Education
Experience (VEE) requirements, and the Course on Professionalism were not part of the
restructuring for 2011. The transition rules are:
Credit in 2010 Credit in the 2011 Education Structure
Exam 5 Half of Exam 5 (section on Basic Techniques for Ratemaking)* and Online
Course 1
Exam 6 Half of Exam 5 (section on Estimating Claim Liabilities)* and Exam 7 on
Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise
Risk Management
Exam 7 Nation-specific Exam 6 on Regulation and Financial Reporting and Online
Course 2
Exam 8 Exam 9 on Financial Risk and Rate of Return
Exam 9 Exam 8 on Advanced Ratemaking
*Note: To receive credit for the new Exam 5 on Basic Techniques for Ratemaking and Estimating
Claim Liabilities, the candidate must have credit for both old Exams 5 and 6. At the time of
transition, if a candidate has credit for only one of the required exams (either old Exam 5 or Exam
6), the candidate will be allowed to take just the part of the exam for which he or she is missing
credit (i.e., either the Basic Techniques for Ratemaking section or the Estimating Claim Liabilities
section of the new exam) in order to obtain credit for the new exam. This option will be available
for a transition period of two sittings after the official conversion to the new education structure
(i.e., May 2011 and May 2012). If the candidate does not have credit for both halves of Exam 5 at
the end of the transition period, the candidate would have to pass the full version of Exam 5 to
receive credit.

2. Details for Computer-Based Testing


Because there are distinct rules and procedures for exams administered by computer-based testing
(CBT), additional information is available in the “Computer-Based Testing Rules and Procedures”
section of the CAS Web Site. In 2011, Exams 1/P, 2/FM, 3F/MFE, and 4/C will be offered by
CBT.

3. Exam Registration
Candidates may find online exam registration and related information in the “Exam Registration
and Online Store” section of the CAS Web Site (also links from this Syllabus). Prior to completing
an online application for Exams 3L, and 5-9, candidates must submit an Electronic Signature
Authorization Form—details are available in the same section.
There is only one registration deadline for each exam. No late registrations will be accepted. The
exam dates and registration deadlines are available in the “2011 CAS Examination Schedule”
section. Please allow at least 10 working days for your mailed application to reach its destination.
Whether payment is made by personal or company check, it is the candidate’s responsibility to
ensure that the application and fee are received by the stated deadline. Exceptions will not be
made.

4. Refund Deadlines
For Exams 1/P, 2/FM, 3F/MFE, and 4/C offered by CBT, a candidate must both cancel the

Notice to Candidates for 2011


© 2010, Casualty Actuarial Society, All Rights Reserved
appointment by noon of the second business day before the appointment at the test center and
submit a refund request to arrive by the published deadline. Similarly, for exams for Online
Courses 1 and 2, the candidate must cancel the appointment three business days prior to the
appointment at the test center and submit a refund request to The Institutes. For all other exams,
the refund request must arrive by the published deadline. Refund deadlines are included in the
“2011 CAS Examination Schedule” section of this Syllabus.

5. Calculators
Only approved calculators may be used for CAS Examinations. Details are in the “Examination
Rules—The Examination” section.

6. Supplemental Exam Materials


Some exams may have supplemental material distributed with the exam package. This Syllabus
lists the supplemental material for some of the exams. For other exams, however, the decision to
include supplemental material with the exam package may be made after release of this Syllabus. It
is the candidate’s responsibility to check “Syllabus Update” section for any changes.

7. Notice of Examinations
The CAS posts the Notice of Examinations for each exam session in the “Admissions/Exams”
section of the CAS Web Site. The Notice contains important information for the exams as well as
information on study aids and review seminars.

8. Changes to the 2011 Syllabus


Any changes to the 2011 Syllabus of Basic Education will be listed in the “Syllabus Updates”
section of the CAS Web Site and will be noted as a change in the affected section of the Syllabus.

9. Obtaining Examination Booklet (Exams 3L and 5-9 Only)


For Exams 3L and 5-9, a candidate wishing to obtain his or her own examination booklet and scrap
paper subsequent to the examination should bring a self-addressed stamped envelope to the
examination center. The recommended minimum postage is $2.87 for domestic mail in the U.S.

10. CAS Online Store


All CAS publications available for purchase, including Study Kits and Web Notes, may be
purchased at the CAS Online Store.

11. CAS Centennial Celebration—2014


In 2014, the CAS will celebrate its 100th anniversary. The CAS Centennial Steering Committee
plans to host a grand commemoration in November 2014 during the CAS Annual Meeting in New
York City. Because all members will be encouraged to participate in the centennial celebration, no
Spring Meeting will be held in 2014. All new Fellows and Associates for 2014 will be formally
recognized at the Annual Meeting that year.

Note: This Syllabus is subject to change in the future. The CAS is not responsible for any
errors or omissions in the Syllabus.

Notice to Candidates for 2011 ii

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