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CAS Online Course 2, Second Edition Insurance Accounting, Coverage Analysis, Insurance Law, and Insurance Regulation

Second, information should be thought of as better if it reduces the uncertainty surrounding some future cost or benefit. For instance, future liabilities are inherently uncertain. Information that can narrow the variance on estimates of those uncertain liabilities should be considered better information. Reduced variance is particularly valuable when decision-makers are risk-averse, since a reduction in variance alone can lead to different decisions when there is risk aversion. If decision-makers are risk neutral (basing decisions purely on the expected value of an uncertain parameter), reduced variance has no effect unless it is accompanied by a change in the parameter's expected value | CAS Online Course 2 Second Edition Insurance Accounting Coverage Analysis Insurance Law and Insurance Regulation Notice about the 1st and 2nd Editions 1st Edition The original CAS Online Course 2 CA2 1st Edition was revised effective September 1 2012. Although the 1st Edition of CA2 is no longer available for sale after August 31 2012 for those who purchased the 1st Edition the original online course will be available and unchanged through June 15 2013. The exam for the 1st Edition of CA2 will be offered through June 15 2013. 2nd Edition CA2 2nd Edition is the current version that was effective on September 1 2012. Exams on this content will be offered for the first time on January 15 2013. Insurance Accounting Coverage Analysis Insurance Law and Insurance Regulation is called Online Course 2 by the CAS and CA2 2nd Edition by The Institutes. Prometric lists this course as CAS2 on its website under The Institutes. Online Course 2 CA2 prepares CAS candidates for a two-hour seventy-five-point multiple-choice examination. The online course and exam were developed collaboratively with The Institutes. The online course is available through the Casualty Actuarial Society Online Courses Web page on The Institutes website. Similarly the exam is administered by The Institutes at Prometric test centers during four two-month testing windows annually. The study material for CAS Course 2 CA2 is contained in the online course access. The fee for access to the online course includes one attempt at passing the exam. Candidates are required to purchase the online course to obtain access to the exam. Exam retakes may be purchased separately if needed. Purchasing the course requires that candidates declare the testing window in which they are planning to take the exam. To register for the exam a candidate must Call The Institutes at 800 644-2101 or 610 644-2100 extension 6000 to register for the exam itself. This will place the candidate on an eligibility list for Prometric. Then make