Exam 1/P on Probability will be offered by computer-based testing (CBT) during the three-day period of September 26-28, 2005, in Canada and the United States and on September 26, 2005, in all other locations. (In the small number of areas without access to CBT, candidates will take an Internet-based test that will be held on September 26, 2005.) The subsequent administration of Exam 1/P will be in February 2006 with testing periods planned for May, August, and November 2006.

The Canadian Institute of Actuaries, Casualty Actuarial Society, and Society of Actuaries, joint sponsors of the exam, have moved Exam 1/P to CBT because it will give candidates more frequent opportunities to take this exam within a standardized environment. After the first few administrations, it is anticipated that grades will be available upon completion of the computer-based test. For the September 2005 administration, however, the grades will be mailed in the traditional manner, approximately six weeks after the exams are administered.

The registration deadline for the September administration for Exam 1/P will be July 22, 2005. Grades from the Spring 2005 administration are scheduled to be released on July 8, 2005. Candidates who wait until Spring grades are released to register must send their registrations by courier to reach Preliminary Actuarial Examinations (SOA office) by Friday, July 22, 2005.

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