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
Which designation is awarded upon completing the CAS associateship requirements?
Answer: ACAS
The ACAS (Associate of the Casualty Actuarial Society) designation is awarded after completing all associate-level exam and education requirements.
How many written exams must be passed to achieve the FCAS designation?
Answer: 9
FCAS candidates must pass all 9 CAS exams (Exams 1, 2, MAS-I, MAS-II, 5, 6, 7, 8, and 9) in addition to online courses and other requirements.
Which CAS exam covers Basic Techniques for Ratemaking and Estimating Claim Liabilities?
Answer: Exam 5
CAS Exam 5 is the first property-casualty-specific exam, covering foundational ratemaking and reserving techniques.
CAS Exam 1 (Probability) is jointly administered with which other actuarial organization?
Answer: Society of Actuaries
CAS Exam 1 is co-administered with the Society of Actuaries and is equivalent to the SOA's Exam P, covering probability theory.
Which CAS exam covers Advanced Ratemaking, including individual risk rating plans?
Answer: Exam 8
CAS Exam 8 covers Advanced Ratemaking topics including classification ratemaking, experience rating, schedule rating, and retrospective rating.
What does the MAS-I exam primarily test?
Answer: Modern actuarial statistics
CAS Exam MAS-I tests Modern Actuarial Statistics I, covering stochastic processes, statistical methods, and actuarial modeling concepts.