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Syllabus of Basic Education

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2017 Syllabus Updates

Updated: September 20, 2017

The following are the changes made to the Syllabus of Basic Education after its initial publication.


Exam 6-Canada–Regulation and Financial Reporting

For the readings listed below, candidates can use either publication when studying for this exam:

Original Citation

Publication Date in Syllabus

Alternative Publication Date

A.M. Best Company, Inc., A.M. Best Methodology, "Understanding BCAR For Canadian Property/Casualty Insurers," June 2, 2015.

June 2, 2015

June 24, 2016

Financial Services Commission of Ontario, "Private Passenger Automobile Filing Guidelines–Major," October 2014.

October 2014

October 2016

Office of the Superintendent of Financial Institutions Canada Guideline, "Regulatory Capital and Internal Capital Targets," January 2014.

January 2014

November 2015

Office of the Superintendent of Financial Institutions Canada, "Own Risk and Solvency Assessment," January 2014.

January 2014

November 2015

Exam 9—Financial Risk and Rate of Return

Learning Objectives C.1 and C.2 were revised to be in line with the terminology used in the Bodie, Z.; Kane, A.; and Marcus, A.J., Investments text.

In a second revision, additional clarifications were made to certain Knowledge Statements in Learning Objectives B.1, B.2, C.3, C.4, and D.1. Some Knowledge Statements, which are no longer relevant, were removed.


Exam 8—Advanced Ratemaking

An Errata has been added to the CAS Monograph No. 2: Distributions for Actuaries by David Bahnemann.

An Errata has been added to the CAS Study Note: "Individual Risk Rating Study Note," by Fisher, G. et al.

Publishers and Distributors

Contact information for ACTEX Learning has been updated:

ACTEX Learning, 4 Bridge Street, P.O. Box 715, New Hartford, CT 06057; telephone: (800) 282-2839 or (860) 379-5470; fax: (860) 738-3152; e-mail:; website:


Note: This Syllabus is subject to change in the future.

The Syllabus for each examination is defined in the form of Learning Objectives, Knowledge Statements, and Readings. The Learning Objectives present the learning goals for the underlying subjects being tested and set forth, usually in broad terms, what the candidate should be able to do in actual practice. The Knowledge Statements describe the body of knowledge corresponding to the exam subject and are illustrative of the scope of each Learning Objective. The Readings are recommended resources that support the Learning Objectives and may assist candidates to prepare for the examination. The CAS is not responsible for any errors or omissions found in the content of the resources identified in the Readings.

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The CAS Roundtable

Posted on 10/25/2017
By Erin Olson

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