SOA – Waiver Rules and Application for Institute of Actuaries of India (IAI) exams

Institute of Actuaries of India (IAI)
Exams Passed

Waivers from SOA Examination

Core Statistics (CS1) or CT3 prior to 2019

Exam P and VEE Mathematical
Statistics

Core Mathematics (CM1) or CT1 prior to
2019

Exam FM

Core Business Finance (CB1) or CT2
prior to 2019

VEE Accounting and Finance

Core Business Economics (CB2) or CT7
prior to 2019

VEE Economics

 

The waivers above will be granted as you begin the SOA exam pathway. All IAI Exams shown in the chart above are required to have been passed directly with the IAI or earned by exemption via the equivalent IFoA subject to be eligible to apply for waiver credit.

Any combination of one to all four waivers can be considered but the application fee for waiver credit will be the same.

There is a $100.00 USD application fee required to receive the waivers. The $100.00 USD fee will be charged after the waiver application is received and before the approval of the waivers.

The IAI waiver policy above is a standalone policy and therefore does not impact our existing policy of not accepting IFoA exemptions for waiver credit or mutual recognition if they are based on IAI Exams.

This program will be evaluated regularly to ensure consistencies between the associated exams.

IAI waiver applications

For more information on the Society of Actuaries Waiver Rules for IAI Exams please contact iaiwaivers@soa.org