CAS Evaluation & Credentialing Process 2

Question 1

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

Accepted Answer

The Candidate Appeals Committee

Answer

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

Question 2

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

Accepted Answer

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

Answer

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

Question 3

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

Accepted Answer

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

Answer

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

Question 4

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

Accepted Answer

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

Answer

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

Question 5

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

Accepted Answer

ACAS

Answer

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

(CAS) Casualty Actuarial Society Practice Test

(CAS) Casualty Actuarial Society Practice Test

CAS Evaluation & Credentialing Process 2