Validation by Educational Experience (VEE)

The Casualty Actuarial Society, Canadian Institute of Actuaries, and the Society of Actuarial are implementing a revised structure for preliminary education effective January 2005. The new structure consists of three topics that will require Validation by Educational Experience (VEE) in addition to four examinations.

Four Ways to Get VEE Credit

Validation by Educational Experience can be accomplished in one of four ways:

1.       College Course(s): Complete one or more courses offered by a college or university and approved by the CAS, CIA, and SOA. Candidates must receive a grade of B- or better in each course. If the institution does not use letter grading, an appropriate translation will be determined.

2.       Standardized Examination: Achieve a pre-set score on a standardized examination as determined by the CAS, CIA, and SOA. Specified score minimums on the Advanced Placement (AP) and College Level Examination Program (CLEP) tests for micro and macroeconomics will be accepted as VEE credit for economics. The VEE Administration Committee (VEEAC) will determine which other examinations qualify and the score required for credit.

3.       Other Educational Experiences: Complete other educational experiences as approved by the CAS, CIA, and SOA. Approved educational experiences will be posted on the Web sites of the CAS, CIA, and SOA.

4.       Transitional VEE Exams: Achieve a passing grade on a CAS transitional VEE exam that will be offered beginning in August 2005 through at least 2006. The syllabi for the three transitional VEE exams are provided in the Appendix.

 

Ball State Courses Recognized for VEE Credit

1.  Applied Statistical Methods   -  Either of the following courses will meet the requirement:

2.   Economics   -  Both of the following courses must be taken:

 3.  Corporate Finance  -  Any of the following combinations of courses will meet the requirement:

PLEASE NOTE:  FIN 350 will have several prerequisites for actuarial science majors: