Membership & Education
 
 

Granting Credits

The CIA will grant credits to candidates for writing the specified Society of Actuaries (SOA)/Casualty Actuarial Society (CAS) exams towards Associate (ACIA) or Fellow (FCIA) membership with the CIA. Candidates will, upon completion of the required courses, and upon obtaining official university course transcripts, apply to the CIA by the deadlines as determined by the CIA from time to time with the following:

  • The Application Form;
  • Grade transcripts for completed courses; and
  • The application fee.
The timing of the completion of the last course will determine the requirement to be met. A sunset clause of three years from the time of completion of the last course will be applied. This means that students must apply for the associated exam credit within three years of the date of completion of the last course.

Should a university fail to maintain, or lose, its accreditation, the candidates who receive credits based on education received at that university shall not lose the credits received during the period that the university was accredited.

The CIA does not guarantee that credits granted to candidates under the CIA University Accreditation Program (UAP) will be recognized by other actuarial organizations towards other actuarial designations.

Following implementation of CAS exam S in Fall 2016, at the time of transition (Fall 2015 – Spring 2016), if a candidate has credit for either Exam ST or Exam LC, but not both as at August 31, 2015, the candidate will be allowed to take just the exam for which he or she is missing credit in order to obtain credit for the new exam. Candidates with credit for neither ST nor LC as at August 31, 2015 will have to take the new exam. 

Application fee

Application fee is $75 Canadian dollars for each credit requested (current as of April 1st, 2017).