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General Information

The Society of Actuaries Board of Governors and the Casualty Actuarial Society (CAS) Board of Directors are pleased to offer a measure designed to provide financial relief to eligible candidates of qualified countries. This program began in January 2001. This package describes the program details and contains the program application.

The CAS supports the program financially for any eligible property/casualty candidates while they are writing the joint CAS/SOA examinations (Examinations/Courses 1-4). The CAS also maintains a similar program for its examinations (Examinations 5-9) that are not offered jointly with the SOA. Candidates who are specializing in property/casualty or general insurance practice may direct any inquiries about fee discounts on the CAS upper-level examinations to the CAS at tdowney@casact.org.

Candidate Eligibility Requirements

The Candidate must be a current full-time resident of a qualified country. (A complete list of qualified countries is attached.) Residents of the U.S. and Canada are not eligible.

The Candidate must attest that he or she is personally paying for examination fees and study materials and that he/she is not being reimbursed by an employer, or a company or other individual or entity.

The Candidate must complete a one-time application for financial relief, attesting to the need for assistance.

The Candidate will lose eligibility upon leaving the country, or upon receiving financial support or reimbursement for examination fees and/or SOA published study materials.

If a candidate meets the requirements and is approved for assistance, should the country lose eligibility in a subsequent year, the candidate will retain the right to assistance for a period of three years, starting from the date that the country loses its eligibility.

Candidates must write their examinations within a qualified country.

Candidates may not register for more than two examinations per exam session under the discount program. Standard fees will be assessed on registrations which exceed this limit. This limit will be observed when candidates register for both CAS and SOA exams.

Candidates may attempt the same examination no more than three times under the reduced examination fee program.