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The LTAM exam will consist of four hours of multiple-choice and written answer questions. A 15 minute read-through time will be given prior to the start of the exam. No writing is allowed during the read-through time.
The syllabus for Exam LTAM develops the candidate's knowledge of the theoretical basis of contingent payment models and the application of those models to insurance and other financial risks. A thorough knowledge of calculus, probability (as covered in Exam P), mathematical statistics (as
covered in VEE Mathematical Statistics) and interest theory (as covered in Exam FM) is assumed.
Recognized by the Canadian Institute of Actuaries.