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The course focuses on benefit premiums and reserves, plus multi-life and multiple-decrement models, with parallel treatment of topics within the Takaful system. It also specifies prerequisites, references, instructor contact and office hours, attendance and academic integrity expectations, exam rules, missing-exam procedures, and a detailed grading distribution covering attendance/quizzes/homework, labwork, major exams, and a comprehensive final.",{"@graph":69,"@context":123},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":20,"@type":76,"position":81},"https://docshare.wps.com/document/exam/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/as481-actuarial-contingencies-2-term-241-course-outline/399134/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/as481-actuarial-contingencies-2-term-241-course-outline/399134.png","ImageObject",300,407,{"name":92,"@type":93},"percent12345","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-04","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",11,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What are the main topics covered in AS481 Actuarial Contingencies 2-Term 241?","Question",{"text":113,"@type":114},"The course develops stochastic insurance models, emphasizing benefit premiums and reserves, multi-life and multiple-decrement models, and parallel topic treatment within the Takaful system, applied to life insurance and property.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"What prerequisites and reference materials are required for the course?",{"text":118,"@type":114},"Prerequisites include AS 380 materials, along with specified textbooks such as Camilli et al. (Models for Quantifying Risk) and references including Dickson et al., Bowers et al., Society of Actuaries regulations, and an IFoA CM1 professional exam reference.",{"name":120,"@type":111,"acceptedAnswer":121},"How is student performance assessed and what is the grading breakdown?",{"text":122,"@type":114},"Assessment includes attendance/quiz/homework (18%), labwork and lab exam (9%), Major 1 exam (18%), Major 2 exam (20%), and a comprehensive final exam (35%), with attendance and absence thresholds affecting attendance marks.","https://schema.org",{"og:url":83,"og:type":125,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":127,"canonical":83},"index,follow",{"doc_id":129,"site_id":62},399134,1790682359,{"code":4,"msg":5,"data":132},{"doc_id":129,"user_id":133,"nickname":92,"user_avatar":134,"doc_module":4,"category_id":19,"category_name":20,"doc_title":65,"doc_description":67,"doc_content":135,"file_id":136,"file_url":137,"file_type":138,"file_size":139,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":81,"language":140,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":141,"faqs":142,"seo_title":143,"seo_description":67,"update_tm":144,"read_time":39,"preview_page_count":4},1099529851338,"https://ap-avatar.wpscdn.com/davatar_155a257f0dc6eb9ab79c44ca47cae57d","King Fahd University of Petroleum and Minerals  \nDepartment of Mathematics and Statistics  \nAS481: Actuarial Contingencies 2-Term 241 (3-2-4) 11am UTR  \nCourse Objectives:  \nA continuation of Life Contingencies I. Development is based on a stochastic approach to insurance models. Major topics include benefit premiums and reserves, and multi-life and multiple-decrement models. Parallel treatment of topics based on Takaful system. Application of such area in life insurance and property.  \nPrerequisites: AS 380 Textbook and Package:  \n1. Camilli, S.J., Duncan, I., & London, R.L. (2014) Models for Quantifying Risk, 6th edition. ACTEX Publication: Winsted, USA.  \n2. Texas BAII Plus Calculator or Texas BAII Professional  \nReference:  \n1. Dickson, D.C., Hardy, M. R., & Waters, H. R. (2020) Actuarial Mathematics for Life Contingent Risks, 3rd edition. Cambridge University Press: Cambridge, UK.  \n2. Bowers N., Gerber, H., Hickman, J., Jones, D. & Nesbitt, C. (1997 or later printing) Actuarial Mathematics, 2nd edition. Society of Actuaries Publishing.  \n3. Society of Actuaries regulations for FAM-L (Fundamental of Actuarial Models-Long Term) and ALTAM (Advanced Long Term Actuarial Models) and sample exams for FAM and ALTAM  \n4. Institute and Faculty of Actuaries (IFoA) CM1 professional exam  \nInstructor: Dr. Ridwan A. Sanusi  Office: Bldg – 5, room – 203/2. Phone: 1054  \nE-mail: [ridwan.sanusi@kfupm.edu.sa](ridwan.sanusi@kfupm.edu.sa) (Not by WebCT/Blackboard email)  \nOffice Hours: U (10.00-10.50am), T (10.00am-10.50am), and W (2.20PM – 3.10PM) or by appointment via email or Teams.  \nAssessment  \nAssessment for this course will be based on the following:  \n\n| Activity | Weight |\n| --- | --- |\n| Attendance*+, Quiz*, and homework* | 18%(5+8+5)% |\n| Labwork and Lab Exam | 9%(3+6)% |\n| Major 1 Exam\u003Cbr>Ch 3, ch 13 & ch 14 (Sun Oct 1, 6pm) | 18% |\n| Major 2 Exam\u003Cbr>Ch 12 & ch 15 (Sun Nov 5, 6pm) | 20% |\n| Final Exam (Comprehensive)\u003Cbr>(as posted on registrar website) | 35% |\n\n* for both coursework and labwork; + >8 absences = zero mark for attendance IMPORTANT NOTE on GRADES:  \n\n| Letter grade | A+ | A | B+ | B | C+ | C | D+ | D | F | DN |\n| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |\n| Cut-off | 90% | 85% | 80% | 75% | 67% | 60% | 55% | 50% | \u003C50% | > 9+3 absences |\n\nAcademic Integrity: All KFUPM policies regarding ethics and academic honesty apply to this course.  \nExams:  \nExam Questions: The questions of the exams are based on the examples, homework problems, and exercises in the textbook.  \nCheating in Exams: Cheating or any attempt of cheating by use of illegal activities, techniques and forms of fraud will result in a grade of F in the course along with reporting the incident to the higher university administration. Cheating in exams includes (but not restricted to)  \n➢ Looking at the papers of other students,  \n➢ Talking to other students,  \n➢ Using mobiles or any other electronic devices.  \nExam Issues:  \n➢ No student will be allowed to take the exam if not having his/her KFUPM ID or National/Iqama ID.  \n➢ Students are not allowed to carry mobiles, smart watches, or electronic devices to the exam halls/rooms.  \n➢ Students must take the exam in the place assigned to them.  \nMissing an Exam:  \nIn case a student misses an exam (Exam I, Exam II, or the Final Exam) for a legitimate reason (such as medical emergencies), he must bring an official excuse from Students Affairs with the “Exam Included” box checked. Otherwise, he will get zero in the missed exam.  \nAttendance: Students must adhere to the attendance policy ofKFUPM. Students are expected to attend all lecture and recitation classes.  \n➢ Ifa student misses a class, he is responsible for any announcement made in that class.  \n➢ A DN grade will be assigned to the eligible student after being warned twice by his/her instructor.  \n➢ A DN grade will be awarded to any student who accumulates  \no 12 unexcused absences in lecture and labs. (20%)  \no 20 excused and un","cbCair9k0lrZOOwE","https://ap.wps.com/l/cbCair9k0lrZOOwE","pdf",225820,"English","# Course Objectives\n# Prerequisites and References\n# Instructor Information and Office Hours\n# Assessment and Grading Policy\n## Attendance, Quizzes, Homework, and Labwork\n## Major Exams and Final Exam\n# Academic Integrity and Exam Rules\n## Cheating Policy and Allowed Identification\n## Missing an Exam and Make-Up Requirements","[{\"question\":\"What are the main topics covered in AS481 Actuarial Contingencies 2-Term 241?\",\"answer\":\"The course develops stochastic insurance models, emphasizing benefit premiums and reserves, multi-life and multiple-decrement models, and parallel topic treatment within the Takaful system, applied to life insurance and property.\"},{\"question\":\"What prerequisites and reference materials are required for the course?\",\"answer\":\"Prerequisites include AS 380 materials, along with specified textbooks such as Camilli et al. (Models for Quantifying Risk) and references including Dickson et al., Bowers et al., Society of Actuaries regulations, and an IFoA CM1 professional exam reference.\"},{\"question\":\"How is student performance assessed and what is the grading breakdown?\",\"answer\":\"Assessment includes attendance/quiz/homework (18%), labwork and lab exam (9%), Major 1 exam (18%), Major 2 exam (20%), and a comprehensive final exam (35%), with attendance and absence thresholds affecting attendance marks.\"}]","AS481: Actuarial Contingencies 2-Term 241 - Course Outline | PDF",1790493458]