CAS Exam 6 (US)
Exam 6-United States (Regulation and Financial Reporting-US)
More study resources
Cheat sheet
Keep the key ideas within reach.
ExploreKey terms
Get comfortable with the vocabulary.
ExploreStudy plan
Give each week a clear focus.
ExploreCommon mistakes
Understand the traps and how to avoid them.
ExploreCase studies
Put your knowledge to work in context.
ExploreExam-day guide
Prepare for the day ahead.
ExploreAbout this exam
Exam 6-United States (Regulation and Financial Reporting-US) is one of the ACAS exams listed by the Casualty Actuarial Society, sitting alongside Exam 5, PCPA, and the Canada, International, and Taipei variants of Exam 6. The CAS describes itself as the trusted global authority advancing property and casualty actuarial science, with nearly 12,000 members worldwide, and its exam program is the route to the Associate and Fellow designations. This US version is aimed at candidates who work with, or intend to work with, US insurers and who need the regulatory and financial reporting side of the credential rather than the ratemaking or reserving content of Exam 5. Expect the syllabus to centre on US insurance regulation, statutory accounting and reporting, and the financial statements that regulators and other users rely on. Preparation is self-directed: work from the official syllabus, study the listed readings closely, and practise applying concepts to statement and disclosure scenarios rather than memorising isolated rules. Candidates should confirm the current syllabus, exam date, and fee directly with the CAS, since the association's own Exam 6-US page returned an error when checked and this page is not affiliated with the CAS.
What you'll study
About CAS Exam 6 (US) preparation
How many questions are on Exam 6-US, and how long is it?
The available source material does not state the item count or time limit for Exam 6-US, so no figure is given here. Check the CAS syllabus of basic education and the current exam schedule for the authoritative format before you plan your pacing and practice sittings.
What score do I need to pass?
No passing score is published in the source material used for this page, so none is quoted. The CAS maintains a Past Exams & Pass Marks page under Exam Results, which is the place to look for historical pass marks and released exam papers.
How much does the exam cost?
The fee is not stated in the source material available here, so no amount is given. The CAS lists an Exam Fees page with a separate Discount Programs section, and fee waiver and discount programs also appear under University Programs, so check those before registering.
Can I retake the exam if I fail, and how soon?
The source material does not describe a retake policy, including any waiting period between attempts, so no rule is stated. Confirm the current policy on the CAS Candidate FAQ and Principles & Policies pages before assuming you can sit again in the next window.
How long does a pass remain valid?
No validity period is specified in the source material. Rather than guess, treat this as something to confirm with the CAS directly, particularly if you are spreading exams over several years or considering a transition between the US, Canada, International, and Taipei versions of Exam 6.
Should I take Exam 5 or Exam 6-US first?
Both are listed as ACAS exams, and the source does not prescribe an order. The practical consideration is overlap: if your day-to-day work is ratemaking and reserving, Exam 5 reinforces itself; if it is statutory reporting and regulation, Exam 6-US does. Confirm sequencing against the credential requirements page.
Why do Canada, International, and Taipei versions of Exam 6 exist?
The CAS lists Exam 6-Canada, Exam 6-International, and Exam 6-Taipei alongside Exam 6-United States as separate ACAS exams. The split reflects different regulatory and reporting regimes, so candidates working outside the US should check which variant their credential path requires rather than defaulting to the US paper.
What is the most common way candidates lose marks on a regulation exam?
The usual failure mode is reciting a rule without applying it: candidates memorise a definition but cannot explain how it changes a reported liability, a disclosure, or a statement line. Practise working from a scenario to the accounting and reporting consequence, and read the CAS note on the importance of adverbs on exams.
Where do I find the official syllabus and past exams?
The CAS site links a Syllabus of Basic Education, Syllabus Archives, and Past Exams & Pass Marks under Exams & Admissions. Note that the URL previously used for the Exam 6-US page returned a 404 when checked, so navigate from the ACAS Exams menu rather than relying on a saved link.
Is this page run by the CAS?
No. This is independent study material and is not affiliated with or endorsed by the Casualty Actuarial Society. Always treat the CAS website as the authoritative source for syllabus content, exam dates, fees, and results.