China Association of Actuaries students

Under this agreement those who achieve the Associate qualification of the China Association of Actuaries (CAA) by passing the Association’s exams will be able to apply for exemptions from the CT1-CT8 and CA1 exams of the Institute and Faculty of Actuaries. This only applies to those who pass all the exams for the CAA’s Associateship after 17 March 2011.

Anyone qualifying as an Associate of the CAA, or passing any of the exams required for Associateship, before 17 March 2011 will not be recognised under this Memorandum of Understanding and cannot apply for exemptions from any of the exams of the Institute and Faculty of Actuaries.

If you are a student of the Institute and Faculty who:

• has already passed some of our exams, and
• you are intending to join the China Association of Actuaries

then you will need to discuss directly with them the exemptions you would receive from their exams.

If you decide to return to the Institute and Faculty of Actuaries at a later date your CAA Associate qualification would be considered for exemption only if you gained it by direct examination with the CAA, after 17 March 2011.

Applying for exemptions

To apply for the exemptions from the UK exams you need to supply the following information:

• a completed exemption application form including required fees
• a certified copy of your official exam history in both Chinese and English from the CAA showing:
  • exam passes in the relevant modules and the date passed
  • the date Associateship from the CAA was obtained
• certified confirmation of your membership of the CAA.