CAS Exam Structure and Designations Flashcards
6 cards from real CAS practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 6 CAS Exam Structure and Designations flashcards as text
CAS Exam 2 (Financial Mathematics) primarily covers which topic area?
Answer: Theory of interest and time value of money
Exam 2 covers financial mathematics including the theory of interest, annuities, bonds, and time value of money, and is jointly administered with the SOA.
Which statistical topics are primarily covered in CAS Exam MAS-II?
Answer: Advanced statistics including time series and credibility
MAS-II covers advanced statistical modeling including time series analysis, credibility theory, and simulation methods used in actuarial practice.
CAS Exam 3F (Financial Economics) covers which key concept?
Answer: Option pricing models including Black-Scholes
Exam 3F covers financial economics including derivative securities, the Black-Scholes option pricing model, and related financial instruments.
Which preliminary CAS exam covers construction and evaluation of actuarial models?
Answer: Exam 4/C
Exam 4/C covers construction and evaluation of actuarial models including frequency, severity, and aggregate loss distributions.
CAS Exam 6 has separate versions for candidates in which two jurisdictions?
Answer: US and Canada
CAS Exam 6 has a US version and a Canadian version, each focusing on the insurance regulation and financial reporting standards of the respective country.
What must CAS candidates complete before sitting for Exam 5, in addition to prior exams?
Answer: CAS Online Courses 1 and 2 covering P&C topics
Candidates must complete CAS Online Course 1 and Online Course 2, which introduce property-casualty insurance fundamentals, before sitting for Exam 5.