CAS Continuing Education & Professional Development 2 — Questions and Answers
Question 1: Under CAS continuing education requirements, which activity typically qualifies as 'organized activity' CE credit?
- Reading actuarial journals independently
- Attending a CAS webinar with a structured agenda (Correct answer)
- Reviewing past exam problems at home
- Subscribing to an industry newsletter
Correct answer: Attending a CAS webinar with a structured agenda
Organized activities such as webinars, seminars, and structured courses with defined learning objectives qualify as organized CE credit under CAS guidelines.
Question 2: A CAS Fellow who serves as a volunteer mentor to an ACAS candidate can count mentoring hours toward CE under which category?
- Professionalism
- Organized activity
- Unorganized activity (Correct answer)
- Mentoring cannot be counted as CE
Correct answer: Unorganized activity
Mentoring an actuarial candidate typically qualifies as unorganized (self-directed) CE activity under CAS guidelines.
Question 3: The CAS Code of Professional Conduct Precept 2 specifically addresses which professional obligation?
- Maintaining confidentiality of client data
- Performing actuarial services only when qualified (Correct answer)
- Disclosing conflicts of interest
- Setting appropriate actuarial fees
Correct answer: Performing actuarial services only when qualified
Precept 2 requires actuaries to perform actuarial services only when they are qualified by education, training, or experience.
Question 4: How many CE hours must a CAS Fellow complete within each rolling two-year period under standard requirements?
- 15 hours
- 24 hours
- 30 hours (Correct answer)
- 36 hours
Correct answer: 30 hours
CAS Fellows are required to complete at least 30 hours of continuing education within each rolling two-year period.
Question 5: Which of the following best describes the purpose of the Actuarial Board for Counseling and Discipline (ABCD)?
- To set CE hour requirements for each actuarial organization
- To provide guidance and investigate complaints about actuarial conduct (Correct answer)
- To administer the CAS examination program
- To approve continuing education providers
Correct answer: To provide guidance and investigate complaints about actuarial conduct
The ABCD counsels actuaries on professional conduct questions and investigates complaints alleging violations of the Code of Professional Conduct.
Question 6: A CAS member who teaches an actuarial exam preparation course at a university may claim CE credit for:
- Only the first time they teach the course
- Preparation and teaching hours, subject to caps (Correct answer)
- Teaching hours only, not preparation time
- No credit, since teaching is not a qualifying activity
Correct answer: Preparation and teaching hours, subject to caps
Teaching qualifying actuarial courses earns CE credit for both preparation and instruction time, though maximum caps may apply per CAS guidelines.
Question 7: Under the CAS CE Policy, what is the minimum number of CE hours per two-year period that must be in the area of professionalism?
- 0 hours — professionalism is encouraged but not required
- 3 hours (Correct answer)
- 6 hours
- 10 hours
Correct answer: 3 hours
CAS requires at least 3 of the 30 required CE hours per two-year period to be in the topic of professionalism.
CAS Continuing Education & Professional Development 2
Under CAS continuing education requirements, which activity typically qualifies as 'organized activity' CE credit?