Practice Test Geeks(CAS) Casualty Actuarial Society Practice Test
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Evaluation & Credentialing Process Flashcards

7 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 7 Evaluation & Credentialing Process flashcards as text

  1. Which CAS body is responsible for reviewing and deciding on exam appeals submitted by candidates?

    Answer: The Candidate Appeals Committee

    The Candidate Appeals Committee reviews formal appeals from candidates who dispute exam results or administration decisions.

  2. Under CAS policy, how long must a candidate wait before retaking an exam they failed?

    Answer: No waiting period; they may register for the next available sitting immediately

    CAS allows candidates to register for the next available sitting of an exam they failed without a mandatory waiting period.

  3. What is the primary purpose of the CAS Validation by Educational Experience (VEE) requirement?

    Answer: To ensure candidates have foundational knowledge in economics, corporate finance, and applied statistics

    VEE requirements ensure all candidates possess core undergraduate-level knowledge in three topic areas before Fellowship.

  4. A candidate who passes CAS Exam 5 but later is found to have violated exam rules may face which consequence?

    Answer: Rescission of the exam credit and possible permanent bar from CAS membership

    CAS can rescind exam credit for rule violations and, in serious cases, permanently bar the individual from membership.

  5. Which designation does a CAS member hold after completing all preliminary exams and the online courses but before finishing all Fellowship requirements?

    Answer: ACAS

    ACAS (Associate of the Casualty Actuarial Society) is awarded upon meeting specified exam and coursework milestones short of full Fellowship.

  6. The CAS online course 'Professionalism' covers which of the following topics?

    Answer: The CAS Code of Professional Conduct, actuarial standards, and disciplinary processes

    The Professionalism course focuses on ethical obligations, the Code of Professional Conduct, and actuarial standards of practice.

  7. When a CAS exam candidate requests a score verification, what does CAS typically verify?

    Answer: That the candidate's responses were accurately captured and scored according to the answer key

    Score verification confirms that the candidate's answer records were correctly read and scored, not that question judgments are re-evaluated.