Spring 2000

Transition Rules

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

Mathematical Foundations of Actuarial Science_Calculus and Probability

CAS/SoA Exam 2Credit 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).

Interest Theory, Economics, and Finance

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

Statistics, Applied Statistics, and Contingencies

CAS Exam 4Credit 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).

Risk Theory, Credibility Theory, and Loss Distributions

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

Introduction to P/C Insurance and Ratemaking

CAS Exam 6

Reserving, Insurance Accounting Principles, and ReinsuranceCredit will be given if student has passed Part 7C or 7U.S. (Reserving and Accounting).

CAS Exam 7Credit 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.

Nation-Specific: Annual Statement, Taxation, Regulation

CAS Exam 8Credit will be given if student has passed Part 10.

Investments, Valuation and Solvency

CAS Exam 9Credit will be given if student has passed Part 9.

Advanced Ratemaking, Rating Plans, and Rate of Return