Fall 2020 Exams Update (7/8/20)
As you know, the CAS announced that the Spring 2020 (i.e. Fall 2020) exams will be administered by Pearson VUE in a CBT environment. The testing window runs from November 19 - December 9. As I announced in the March COVID-19 update, all students using Casual Fellow study materials for the Spring/Fall 2020 exams (including the CF/RF Joint Online Seminar) will have their access extended free of charge until the date of the exam. Please note that this will count as one sitting regardless of the date in which the exam is administered. Thus, if a student fails the exam, he/she would still be eligible for a free update per our usual policy if he/she has not already used a free update. Lastly, if the postponement of the exam creates a scheduling conflict for a student and he/she can no longer sit for the exam, access will be extended to the student for a future sitting. In other words, if a student is unable to sit for the exam during the testing window above, he/she can contact me and request access for a future sitting.
Since the CAS is moving to CBT for all exams this fall, I think it's a safe assumption that this may be a permanent change. Casual Fellow will begin transitioning a portion of the study materials (primarily the original practice problems, past CAS problems, practice exams, etc.) to an excel-based format over the next few months. The current goal is to implement all of the new study material format for the Spring 2021 exams. The Fall 2020 study material will maintain the current format EXCEPT for the practice exams which we plan to transition to excel in time for the fall exams. More details regarding the new format will be released later this year.
Thanks and stay safe,
Michael
As you know, the CAS announced that the Spring 2020 (i.e. Fall 2020) exams will be administered by Pearson VUE in a CBT environment. The testing window runs from November 19 - December 9. As I announced in the March COVID-19 update, all students using Casual Fellow study materials for the Spring/Fall 2020 exams (including the CF/RF Joint Online Seminar) will have their access extended free of charge until the date of the exam. Please note that this will count as one sitting regardless of the date in which the exam is administered. Thus, if a student fails the exam, he/she would still be eligible for a free update per our usual policy if he/she has not already used a free update. Lastly, if the postponement of the exam creates a scheduling conflict for a student and he/she can no longer sit for the exam, access will be extended to the student for a future sitting. In other words, if a student is unable to sit for the exam during the testing window above, he/she can contact me and request access for a future sitting.
Since the CAS is moving to CBT for all exams this fall, I think it's a safe assumption that this may be a permanent change. Casual Fellow will begin transitioning a portion of the study materials (primarily the original practice problems, past CAS problems, practice exams, etc.) to an excel-based format over the next few months. The current goal is to implement all of the new study material format for the Spring 2021 exams. The Fall 2020 study material will maintain the current format EXCEPT for the practice exams which we plan to transition to excel in time for the fall exams. More details regarding the new format will be released later this year.
Thanks and stay safe,
Michael
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Exam 6-US
October 13, 2020 Updated errata to clarify a few things for Schedule F. -Michael September 28, 2020 Excel-based practice exams have been uploaded to the online courses. -Michael March 16, 2020 Errata sheet updated. -Michael February 13, 2020 At the end of the RMAD - Regulatory Guidance slide within the "COPFLR Relevant Comments Video (around the 9:15 mark)," we stated that a RMAD does not exist. We should have said that an RMAD does exist. The video has been revised and reposted, A new audio file for that video has been posted as well. December 12, 2019 The Spring 2020 online seminar and study guide are now available! Please see the Seminars and Study Guides tabs or more details. -Michael October 30, 2019 Now that the fall 2019 exam is over, it's time to start thinking about the spring 2020 exam! In addition to the study guide, we will be offering an online seminar for the spring 2020 sitting! Seminar details along with sample videos can be found on the Seminars page of the website. In addition to the online seminar, we will continue to offer the study guide as a separate product. The spring 2020 study guide and online seminar will be available once fall exam results are released in mid-December. For those who want to start studying immediately, the spring 2020 study guide can be purchased now and immediate access will be given to the fall 2019 study guide. Once the updated study guide is released in December, you will be automatically transitioned to the updated guide. -Michael |
Exam 7
November 26, 2020 Added a practice exam errata sheet to account for an excel error on PE #1 Q5. Please see practice exam errata sheet posted within the course. I uploaded an updated version of PE #1. -Michael November 18, 2020 Updated errata for Patrik based on an email that came through in the past week. This will probably be the final errata update for the sitting given that the testing window begins tomorrow. I updated the Patrik videos as well to address the errata. I also just finished wrapping up the conversion of all original practice problems to Excel and posted them to the course this evening. I wish I could have posted them sooner so that they would have been more useful for the Fall 2020 sitting. Unfortunately, I had not planned for the unexpected change from the CAS and didn't have the bandwidth to move any quicker. Good luck on the exam! -Michael September 28, 2020 Excel-based practice exams have been uploaded to the online courses. -Michael August 17, 2020 Posted the Fall 2020 errata with two minor errata to the online courses. -Michael July 22, 2020 I corrected an error on the "Comparing the Methods" tab of the Venter Exhibits workbook posted in the "Extras" section of the online course. The chain-ladder fitted values were being calculated by applying incremental LDFs to the prior cumulative fitted values by mistake. They should have been applied to the prior cumulative actual losses. -Michael March 27, 2020 I uploaded a new version of the Teng/Perkins video. I revised the "Feldblum Enhancement" discussion on the second to last slide to make it clear what we want to subtract from the CPDLD and PDLD ratios. This goes along with the clarification I added to the study guide errata. -Michael March 22, 2020 Errata updated. -Michael March 8, 2020 Updated the errata with a number of clarifications. Also, I revised the Venter Factors problem video to update the past exam problem on the correlation test with new t-statistics (based on the errata released by the CAS in early February). -Michael February 11, 2020 I uploaded revised versions of the Venter Factors and Shapland review videos. For Venter Factors, the updates were in response to the errata I posted on February 9 regarding the Cape Cod model and the correlation test. For Shapland, I revised the discussion on the "degree of freedom/scaled pearson residuals" slide and the "process variance in the future incremental slide." Lastly, I re-posted the errata sheet with one additional sentence to expand upon the Cape Cod model errata for Venter Factors. -Michael February 9, 2020 The errata sheet for 2020 has been posted with a few errata (including the Venter Factors errata posted by the CAS in early February). -Michael January 30, 2020 I re-posted the Venter Factors exhibit to the online courses to show the full iteration and adjustments needed to match Venter's numbers shown on page 823 of the text. -Michael October 30, 2019 Good news! The following products will be available beginning November 4, 2019:
See the study guide and seminar pages for details. Michael |
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