A waiver is available for Exam 1, Property Insurance Fundamentals. The material for the exam is part of the CAS, iCAS CSPA, and CPCU programs, as well as the ARe.

Those eligible for a waiver for Exam 1 includes:

  • Holders of the FCAS, ACAS, CSPA, or CPCU credential who have also passed ARe 144, or ARe 321.
  • Those who have fulfilled one of the following criteria, as well as passed ARe 144 or ARe 321:
    • Passed CAS Online Course 1 and Online Course 2
    • Passed iCAS PC1
    • Passed CII LM1* and LM3*

To obtain a waiver, applicants will submit a waiver request form together with a transcript from The Institutes or the CII.

Those who have not completed the ARe requirement can take ARe 321 through The Institutes. Registration is available at this link. Please note, an option is available to skip the course and do the exam only.

*Exams LM1 and LM3 are part of the Certificate in London Market Insurance offered by the Chartered Insurance Institute (CII), which is not affiliated with either ISCM or iCAS.