Spring 2000
Transition Rules

CAS/SoA Exam 1
Mathematical Foundations of Actuarial Science_Calculus and Probability
Credit will be given if student has passed Part 1 (Calculus & Linear Algebra) or Part 2 (Probability & Statistics).

CAS/SoA Exam 2
Interest Theory, Economics, and Finance
Credit will be given if student has passed Parts 1 (Calculus & Linear Albegra) and 2 (Probability & Statistics) and 5B (Finance); OR if student has passed Parts 5A (Principles of Economics, Theory of Risk and Insurance) and 5B (Finance). Under the SoA conversion rule, which is recognized by the CAS, credit will be given if student has 20 unassigned credits plus Course 140 (Mathematics of Compound Interest) or 141 (EA-1, Segment A).

CAS Exam 3
Statistics, Applied Statistics, and Contingencies
Credit will be given if student has passed Parts 2 (Probability and Statistics), 3A (Applied Statistical Methods), and 4A (Interest and Life Contingencies).

CAS Exam 4
Risk Theory, Credibility Theory, and Loss Distributions
Credit will be given if student has passed 4B (Credibility Theory and Loss Distributions) and 5A (Principles of Economics, Theory of Risk and Insurance); OR if student has passed Parts 4B (Credibility Theory and Loss Distributions) and 3C (Numerical Methods with the Fall 1997 sitting or prior).

CAS Exam 5
Introduction to P/C Insurance and Ratemaking
Credit will be given if student has passed Parts 3B (Introduction to P/C Insurance) and 6 (Ratemaking).

CAS Exam 6
Reserving, Insurance Accounting Principles, and Reinsurance
Credit will be given if student has passed Part 7C or 7U.S. (Reserving and Accounting).

CAS Exam 7
Nation-Specific: Annual Statement, Taxation, Regulation
Credit will be given if student has passed corresponding nation-specific Canadian/U.S. Parts 7 (Reserving and Accounting) and 8 (Law and Regulation). If student has passed both Parts 7 and 8, student will receive credit for Exams 6 (Reserving, Insurance Accounting Principles & Reinsurance) and corresponding Canadian/U.S. Exam 7. If an ACAS does not have credit for both Parts 7 and 8, the ACAS will have to take Exam 7 to achieve Fellowship. The student will continue to be an ACAS.

CAS Exam 8
Investments, Valuation and Solvency
Credit will be given if student has passed Part 10.

CAS Exam 9
Advanced Ratemaking, Rating Plans, and Rate of Return
Credit will be given if student has passed Part 9.