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Includes prerequisites in interest theory, contingent payments I, and comfort with matrix operations, plus placement within SOA Exam LTAM topics such as policy values, multiple state/joint life/last survivor models, pension mathematics, yield curves, and retiree health benefits. Specifies inquiry-based learning, student outcomes, approved calculator policy, assessment schedule, and homework submission rules.",{"@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/m339vm389v-actuarial-contingent-payments-ii-spring-2020-syllabus/399148/",{"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/m339vm389v-actuarial-contingent-payments-ii-spring-2020-syllabus/399148.png","ImageObject",300,407,{"name":92,"@type":93},"jayni","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-11-02","2026-09-27",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",12,{"@type":107,"mainEntity":108},"FAQPage",[109,115,119],{"name":110,"@type":111,"acceptedAnswer":112},"What are the prerequisites for M339V/M389V Actuarial Contingent Payments II?","Question",{"text":113,"@type":114},"Completion of Interest Theory (ACF329 / M329F) and Actuarial Contingent Payments I (M339U) with grades of Cor better is required. Students must also be comfortable with matrix operations.","Answer",{"name":116,"@type":111,"acceptedAnswer":117},"Which SOA LTAM-related topics does the course cover?",{"text":118,"@type":114},"Topics are a subset of Exam LTAM areas including policy values, multiple state models, joint life and last survivor benefits, pension mathematics, yield curves and non-diversifiable risk, emerging costs for traditional life insurance, and retiree health benefits.",{"name":120,"@type":111,"acceptedAnswer":121},"How are exams and homework structured and scheduled?",{"text":122,"@type":114},"Midterms are Tuesday Feb 18, Thursday Mar 26, and Tuesday Apr 28 (75-minute, in class), with a final on Tuesday May 19 (9 am–12 nn). Homework is posted on Canvas, is collected weekly with spot-grading, has strict no-late rules, and the three lowest homework grades are dropped at semester end.","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},399148,1790578711,{"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":24,"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":145,"preview_page_count":4},3985747859343,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","M339V/M389V Actuarial Contingent Payments II, Spring 2020  \nUnique numbers: 52935 / 53280  \nTTh 2:00-3:15, ECJ 1.308  \nTextbook: Actuarial Mathematics for Life Contingent Risks, Second Edition (2013) David C. Dickson, Mary  \nR. Hardy, and Howard R. Waters, Cambridge University Press, ISBN 978-1107044074  \n(First edition of the same is not acceptable.)  \nOptional item: Solutions Manual for Actuarial Mathematics for Life Contingent Risks, Second Edition (2013) David C. Dickson, Mary R. Hardy, and Howard R. Waters, Cambridge University Press, ISBN 978-1107620261  \n(First edition of the same is not acceptable.)  \nCourse website: “Canvas”([Access via my.utexas.edu](Access via my.utexas.edu))  \nInstructor: Dr. Shinko Harper  \nE-mail:  [shinko@math.utexas.edu](shinko@math.utexas.edu) or use “Conversations” in Canvas.  \n(Note: Using e-mail is probably the best way to get in touch with me.)  \nPrerequisite  \nCompletion of Interest Theory (ACF329 / M329F) and Actuarial Contingent Payments I (M339U) with grades ofCor better is required. You also need to be comfortable with operations of matrices.  \nOverview  \nIn conjunction with M339U, these two courses cover part of the content of Society of Actuaries (SOA) Exam LTAM. Topics covered will be a subset of: policy values, multiple state models, joint life and last survivor benefits, pension mathematics, yield curves and non-diversifiable risk, emerging costs for traditional life insurance, and retiree health benefits. See [http://www.soa.org/education/exam-req/](http://www.soa.org/education/exam-req/ for)[ for](http://www.soa.org/education/exam-req/ for) further details regarding Exam LTAM.  \nIn addition, this course carries the Quantitative Reasoning Flag. Quantitative Reasoning courses are designed to equip you with skills that are necessary for understanding the types of quantitative arguments you will regularly encounter in your adult and professional life. You should therefore expect a substantial portion of your grade to come from your use of quantitative skills to analyze real-world problems.  \nNote that thorough knowledge of calculus, probability, interest theory, matrix operations, and actuarial contingent payments I will be assumed.  \nInquiry Based Learning  \nThis course is taught in the Inquiry Based Learning (IBL) format. The best way to learn math is to do math. See Class Contributions on page 3 of this document for more about how and why we use this method.  \nStudent Outcomes  \n1. You will be able to calculate and interpret probabilities, means, and variances of future-loss random variables.  \n2. You will be able to calculate and interpret net premium and gross premium reserves.  \n3. You will be able to apply appropriate approximation methods such as uniform distribution of deaths, constant force, Woolhouse, and Euler to calculate reserves.  \n4. You will be able to calculate expected profit, actual profit, and gain, as well as describe effects on them from  \nchanges in underlying assumptions such as mortality, expenses, and interest.  \n5. You will be able to explain the random variables associated with multiple-state models, multiple-decrement models, and multiple-life models.  \n6. You will be able to use Markov chain models to identify possible transitions between states and to calculate and interpret the probability of being in a particular state and transitioning between states.  \n7. You will be able to calculate probabilities and transition intensities associated with multiple-state models, multiple-decrement models, and multiple-life models.  \n8. Given a multiple decrement table, you will be able to apply approximation methods for fractional ages such as uniform distribution and constant force to calculate probabilities.  \n9. You will be able to describe key features, similarities, and differences of pension plans, retiree health benefit plans, and other retiree benefit plans.  \n10. You will be able to describe appropriate models such as multiple-state, multiple-decrement,","cbCail8uTZoi909c","https://ap.wps.com/l/cbCail8uTZoi909c","pdf",206997,"English","# Course Information\n## Prerequisite\n## Overview\n# Inquiry Based Learning\n## Student Outcomes\n# Assessment and Course Logistics\n## Calculators\n## Exam Dates\n## Homework","[{\"question\":\"What are the prerequisites for M339V/M389V Actuarial Contingent Payments II?\",\"answer\":\"Completion of Interest Theory (ACF329 / M329F) and Actuarial Contingent Payments I (M339U) with grades of Cor better is required. Students must also be comfortable with matrix operations.\"},{\"question\":\"Which SOA LTAM-related topics does the course cover?\",\"answer\":\"Topics are a subset of Exam LTAM areas including policy values, multiple state models, joint life and last survivor benefits, pension mathematics, yield curves and non-diversifiable risk, emerging costs for traditional life insurance, and retiree health benefits.\"},{\"question\":\"How are exams and homework structured and scheduled?\",\"answer\":\"Midterms are Tuesday Feb 18, Thursday Mar 26, and Tuesday Apr 28 (75-minute, in class), with a final on Tuesday May 19 (9 am–12 nn). Homework is posted on Canvas, is collected weekly with spot-grading, has strict no-late rules, and the three lowest homework grades are dropped at semester end.\"}]","M339V/M389V Actuarial Contingent Payments II - Spring 2020 - Syllabus | PDF",1790493819,13]