| Q. |
Can I really get credit for Exam 2 by
passing SoA Course 140 if I have Parts 1 and 2? |
| A. |
The CAS and SoA recognize each other's
transition rules for jointly administered Exams 1 and 2.
The SoA conversion rule described above is accepted.
However, the CAS also grants credit for Exam 2 if a
candidate has passed Parts 1, 2, and 5B (Finance).
Advanced financial topics are tested on Exam 8. It would
greatly benefit the candidate to master Part 5B before
attempting Exam 8. |
| Q. |
If I am an Associate, but have not passed
Part 8, will I still be an ACAS after 1999? |
| A. |
Yes. Your status as an Associate will not
change. However, in order to become a Fellow, you would
have to pass either Part 8 or the new Exam 7 in addition
to the other Fellowship Examinations. |
| Q. |
Are the transition rules final? Or will
there be changes? |
| A. |
Revised transition rules for Exams 2 and
4 were announced on July 29, 1997. (The revisions have
been incorporated into the transition rules summarized in
this newsletter.) Although the Board of Directors retains
the right to make changes to the transition rules, there
are no additional changes currently under discussion. |
| Q. |
Will the Spring Examinations be offered
more than two times before the new system is implemented? |
| A. |
A. The CAS will maintain the current
schedule of offering Parts 6, 8, and 10 only in Spring
1998 and Spring 1999. |
