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　　Exam LC Models for Life Contingencies This examination develops the candidate's knowledge of the theoretical basis of contingent payment models and the application of those models to insurance risks.
　　
　　The syllabus for this one-and-a-half-hour, 15 question multiple-choice exam, is defined in the form of learning objectives, knowledge statements, and readings. A thorough knowledge of calculus, probability, and interest theory is assumed. Knowledge of risk management at the level of Exam 1 is also assumed.
　　
　　The CAS will grant credit for CAS Exam LC to those who successfully complete SOA Exam MLC (Models for Life Contingencies) in the current education structure.
　　
　　 See more at: http://www.casact.org/admissions/syllabus/index.cfm?fa=LCsyllabi&parentID=332#sthash.nWrhYnM8.dpuf
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