CAS Exam 6 (US) study plan

Map the entire Exam 6 US syllabus into a one-page outline that lists each regulatory and financial-reporting topic area, its stated weight, and the source reading that covers it

Read the statutory accounting principles (SAP) versus GAAP comparison material and write a two-column list of at least 15 specific differences, each with the reason the difference exists

Define the roles of the NAIC, state insurance departments, and the federal government in insurance oversight, and identify which body issues model laws versus which enacts binding rules

Build a recurring weekly schedule that blocks at least 8 study hours across weeknights and one weekend session

Trace the NAIC model-law adoption process from drafting through state enactment, and explain why model laws bind insurers only after state adoption

Explain the purpose and mechanics of the NAIC annual statement convention, including the statutory balance sheet, income statement, and the concept of surplus as regards policyholders

Compute a simple statutory surplus figure from a set of hypothetical admitted assets and liabilities, and identify which asset classes are nonadmitted

Distinguish admitted from nonadmitted assets and list at least 10 common nonadmitted categories with the rationale for each

Explain risk-based capital (RBC) for property-casualty insurers: the risk categories in the RBC formula, how the company action level is triggered, and what regulatory responses follow each level

Describe the Insurance Regulatory Information System (IRIS) ratio tests and explain how a failing ratio prompts regulatory inquiry rather than automatic action

Explain the purpose of the NAIC's Financial Analysis and Solvency Tracking functions and how they differ from state examination authority

Calculate an RBC ratio from hypothetical capital and RBC charge figures and state which action level the result falls into

Explain the role of the domiciliary state versus other states in solvency regulation, including how a state regulator relies on the domiciliary regulator's work

Describe the NAIC accreditation program: what standards a state must meet and why accreditation affects reliance on other states' examinations

Explain how reinsurance credit is treated in statutory reporting, including the difference between authorized and unauthorized reinsurers and the role of collateral

Summarize the key requirements of the Credit for Reinsurance Model Regulation and how collateral rules have changed for certified reinsurers

Explain the purpose and structure of the NAIC Insurance Holding Company System Regulatory Act, including registration, affiliate transaction review, and the extraordinary dividend definition

Compute an insurer's ordinary dividend capacity from hypothetical surplus and prior-year dividends, and determine whether a proposed dividend is extraordinary

Describe the Own Risk and Solvency Assessment (ORSA) requirement: which insurers file, what the report contains, and how regulators use it

Summarize the group capital calculation and how it supplements legal-entity RBC

Outline the statutory accounting treatment of loss reserves, including the role of actuarial opinion and the concept of reserve adequacy reporting

Explain the annual statement schedules most relevant to reserving and reinsurance, including how loss reserves and reinsurance recoverables appear

Describe the market conduct examination process and how it differs in scope from a financial examination

Explain the guaranty fund system: how assessments are triggered, how they are recovered, and how they interact with the liquidation process

Explain the key federal statutes that intersect with state insurance regulation, including the McCarran-Ferguson Act and the Dodd-Frank Act's federal insurance office provisions

Describe how the Terrorism Risk Insurance Act program works as a federal backstop and how insurers report participation

Summarize the National Association of Registered Agents and Brokers framework and the debate over producer licensing reciprocity

Explain how state rate and form filing laws constrain underwriting and how prior-approval versus file-and-use regimes differ

Re-derive from memory the RBC formula categories, action levels, and regulatory responses, and correct any gaps against your week 3 notes

Re-solve the dividend-capacity and statutory-surplus problems without notes and score yourself against the earlier worked answers

Summarize the ten highest-probability exam topics into a single condensed review sheet of no more than two pages

Complete a timed practice set under exam-like conditions and log every missed item with the underlying concept