The Fundamentals of Actuarial Mathematics (FAM) Exam provides an assessment of actuarial methods useful in modeling, foundational principles of ratemaking and reserving for short-term coverages, as well as an assessment of contingent payment models and their application to insurance and other financial risks.

A transition period from October 2022 to July 2024 allowed any candidate needing either the FAM – Long-Term (FAM-L) half or the FAM – Short-Term (FAM-S) half the opportunity to get credit for the missing half. Any candidate who did not complete the credit for the full FAM exam by July 2024 must now take the full FAM Exam.

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Fee $390*Dates and Deadlines