Originally Posted by knicole
I don't *think* so...but I don't know very well what the FAP is. Exam 5 is about ratemaking and reserving. I guess they're similar in that they're based around more practical knowledge than the prelims.
Ah, thank you! Interesting. I really don't even know what the FAP entails. I just was very unfamiliar with the CAS side of things. From what I've heard the FAP is very unlike taking an exam. It's more about reading, interpreting, and coming up with solutions, even if they aren't the "right" solutions, and backing up why you think so (at least that's how one of my colleagues described it). It would be nice to get into the specifics of ratemaking and reserving, though....