Actuary Examinations

Actuarial Examination Center at FAU

The Department of Mathematical Sciences at FAU has been hosting the actuarial examinations since February 1996.

FACT: A mathematics student from FAU was among the top 3 North American students who took exam 100 in November 1995! The effective passing rate at that exam was 38%.

Items needed for taking exams

Ticket of Admission
Picture ID
Calculator
A few HB2 pencils
A bottle of water (optional)

and things candidates need to prepare before taking exams at FAU

Print the Map to Math Department at FAU
Stop by FAU police department to get a parking pass
Double check the Actuarial Exams

For information on actuarial test center at FAU, contact Dr. Lianfen Qian, e-mail lqian@fau.edu, extension 7-2486.

For more information on the exams being administered at the exam centers, please search the following sites:
[ Education System 2000] (Candidates are strongly advised to visit this site) The titles of new courses are listed below.

1. Mathematical Foundations of Actuarial Science (3 hours)
2. Interest Theory, Economics and Finance (4 hours)
3. Actuarial Models (4 hours)
4. Methods of Actuarial Modeling (4 hours)
5. Application of Basic Actuarial Principles (5 hours)
6. Finance and Investments (5 hours)
7. Applied Modeling, Seminar (3 and 1/2 days).
8. Advance Specialized Actuarial Practice including these areas:

Individal Insurance

Health, Group Life and Managed Care

Retirement benefits

Finance

Investments

[Society of Actuaries] [Casualty Actuarial Society]
[ Actuarial Search: D.W. Simpson & Company] [ Actuarial Search: The Emerald Group] [Actuarial Science at University of Iowa]
Be an actuary This site contains the links to the sample exams for preliminary actuarial examinations and application forms.

For a quick information on the transition, please read the followings:

Old courses	New Course
100 and 110	1
100-135	1-2*
100-150	1-3
100-165 (except EA)	1-4
100-V595 (except EA)	1-5, 8
* If a company is offering CAS exams, change to Course 1-4

Study Aids Actuarial Study Materials (ASM) || Actuarial Bookstore || SlideRule Books

The following information is the reference materials for the old education system.

A list of courses that can help to prepare for the first two actuarial exams

Topics on Exam 100: Calculus and Linear Algebra
Functions, equations and inequalities
Analytic geometry of two and three dimensions
Standard algebraic and transcendental functions
Limits, continuity, differentiability and integrability
Derivatives, integrals and their applications
The fundamental theorem of calculus
Sequences and series, including Taylor series expansions
Partial derivatives, multiple integrals and their applications
Polar coordinates and parametric equations
Linear equations, vector spaces, bases, dimension, subspaces
Scalar products, linear tranformations, kernel and image spaces
Matrices, determinants, eigenvectors and eigenvalues
Courses:
College Algebra (MAC 1105)
Trigonometry (MAC 1114)
Calculus I (MAC 2311)

Calculus II (MAC 2312)

Calculus III (MAC 2313)

Matrix Theory (MAS 2103)

Topics on Exam 110: Probability and Statistics
Sample spaces
Axioms and elementary theorems of probability
Independence, conditional probability and Bayes' theorem
Permutations and combinations
Random variables
Binomial, Poisson, normal, chi-square, t, F and other distributions
Expectation, variance and moment generating functions
Multivariate distributions
Transformations of random variables
Conditional and marginal distributions
Central limit theorem
Point estimation, maximum likelihood estimation, method of moments
Consistency, unbiasedness and minimum variance
Confidence intervals
Hypothesis tests, Neyman-Pearson lemma, likelihood ratio tests
Type I and II errors, power functions
Method of least squares
Regression and correlation
Interpretation of experimental results
Bayesian estimation
Courses:
Probability and Statistics I
(STA 4442)

Probability and Statistics II
(STA 4443)

Topics for the actuarial exams 120 and 135

Topics on exam 120: Applied Statistical Methods
Regression analysis
Time series analysis
Forecasting
Readings:
Pindyck, Robert; and Rubenfeld, Daniel, Econometric Models and Economic Forecasts (Third Edition), 1991, Chapters 1, 3-7, 12-19.
Abraham, B., and Ledolter, J.
Statistical Methods for Forecasting, 1983
Chapter 1-3, 4(section 1-2), 5(all except Sections 5.6.4, 5.7.1, and Appendix 5), 7 and 8(Section only)

Topics on exam 135: Numerical Methods
Iteration, interpolation
Numerical integration
Linear systems
Readings: Burden, R.L., and Faires, J.D.
Numerical Analysis (Fifth Edition)
Chapters 1(sections 1.1-1.3), 2(Sections 2.1-2.5), 3(Sections 3.1, 3.2,3.5), 4(Sections 4.3-4.6), and 6(Sections 6.1-6.6). Note: Candidates may use the fifth edition, same chapters as listed for the sixth edition.

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Last update: May 23, 2002

A list of courses that can help to prepare for the first two actuarial exams
Topics on Exam 100: Calculus and Linear Algebra Functions, equations and inequalities Analytic geometry of two and three dimensions Standard algebraic and transcendental functions Limits, continuity, differentiability and integrability Derivatives, integrals and their applications The fundamental theorem of calculus Sequences and series, including Taylor series expansions Partial derivatives, multiple integrals and their applications Polar coordinates and parametric equations Linear equations, vector spaces, bases, dimension, subspaces Scalar products, linear tranformations, kernel and image spaces Matrices, determinants, eigenvectors and eigenvalues	Courses: College Algebra (MAC 1105) Trigonometry (MAC 1114) Calculus I (MAC 2311) Calculus II (MAC 2312) Calculus III (MAC 2313) Matrix Theory (MAS 2103)
Topics on Exam 110: Probability and Statistics Sample spaces Axioms and elementary theorems of probability Independence, conditional probability and Bayes' theorem Permutations and combinations Random variables Binomial, Poisson, normal, chi-square, t, F and other distributions Expectation, variance and moment generating functions Multivariate distributions Transformations of random variables Conditional and marginal distributions Central limit theorem Point estimation, maximum likelihood estimation, method of moments Consistency, unbiasedness and minimum variance Confidence intervals Hypothesis tests, Neyman-Pearson lemma, likelihood ratio tests Type I and II errors, power functions Method of least squares Regression and correlation Interpretation of experimental results Bayesian estimation	Courses: Probability and Statistics I (STA 4442) Probability and Statistics II (STA 4443)

Topics for the actuarial exams 120 and 135
Topics on exam 120: Applied Statistical Methods Regression analysis Time series analysis Forecasting	Readings: Pindyck, Robert; and Rubenfeld, Daniel, Econometric Models and Economic Forecasts (Third Edition), 1991, Chapters 1, 3-7, 12-19. Abraham, B., and Ledolter, J. Statistical Methods for Forecasting, 1983 Chapter 1-3, 4(section 1-2), 5(all except Sections 5.6.4, 5.7.1, and Appendix 5), 7 and 8(Section only)
Topics on exam 135: Numerical Methods Iteration, interpolation Numerical integration Linear systems	Readings: Burden, R.L., and Faires, J.D. Numerical Analysis (Fifth Edition) Chapters 1(sections 1.1-1.3), 2(Sections 2.1-2.5), 3(Sections 3.1, 3.2,3.5), 4(Sections 4.3-4.6), and 6(Sections 6.1-6.6). Note: Candidates may use the fifth edition, same chapters as listed for the sixth edition.