CAS Exam 6

[Wolverine]

OK! I'll be the first CASer to put my name out here officially! I'm sitting for Course 6 in the fall and it is my first essay exam. Any suggestions from veterans of these exams on best method for taking/passing the exam.

Any help is appreciated!

[IHope2Pass]

Do no underestimate the CPCU readings... I took part 5 last sitting and got 90% of the points on the ratemaking, but bombed the CPCU stuff and failed the exam.
Read it, take notes, read it, take notes, read it, outline it, read it, make lists, read it again.

[Anonymous]

I passed part 5 on my 2nd try last time, but this is my 4th time on exam 6 - my last two tries yielded 5's.

[Lara Croft]

Read, take notes, then make note cards (question on the front, answer on the back). Definitely know those lists. I also made up a note card for each reading that contained True statements for the T/F section of the exam (are those still on the exam?) Anything you read is fair game for a question.

If you don't know the full answer to an essay, then write down what you do know. If you're running out of time, then outline how you would solve the problem. You can show the formulas without solving the equations. Partial credit is given and there are no deductions for incorrect answers.

Ideally, you should be able to spend the last 3-4 weeks reviewing and committing those lists to memory.

Good luck to you!

<font size=-1>[ This Message was edited by: Lara Croft on 2001-09-12 10:31 ]</font>

[Wolverine]

Thanks to all of you for the suggestions. I was surprised that there are more than a couple of us (CAS people) over here. Thanks again and good luck to all others taking exams.

[Anonymous]

Don’t get too distracted by any one question. If you don’t know it, move on!

[Maine-iac]

Hello, fellow Part 6'ers.

If I had really good suggestions for passing Part 6, I probably wouldn't be taking it again.

I probably spent too little time on reinsurance. It was less conceptually difficult than the reserving material, so I concentrated efforts on reserving.

Probably I should have allocated hours between topics a bit more evenly.

[Anonymous]

I was fortunate to pass Exam 5 on my first try. My strategy started with the recognition that the syllabus was too large for me to master each reading. I knew the main points of each reading well, and could reproduce out any exhibit quickly. Follow this strategy and you are bound to lose a significant amount of points on the tricky detail questions. However, what you answer you will answer well.

On exam day, keep moving. If you spend a lot of time on a problem, you may pick up an extra point or two, but you will lose 5 on the questions you do not answer.