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Information for Owners of Previous Editions

Every new edition of the manual has the following changes from older editions:

  1. All errata as of the day of its release are incorporated.
  2. Coverage of topics may be expanded based on student reports from exams.
  3. Changes are continually made in response to student questions. When a student indicates that they didn't understand a solution to an exercise, I often expand that solution.
These types of changes are not available in supplements. Thus if you do not own an old edition of a manual, you may want to consider buying a new edition rather than a used one.

However, to the extent a syllabus has not changed, old editions should be adequate. Here is guidance to owners of old editions as to whether they need a supplement or a new manual:

  • For MLC, current edition for Spring 2016 is 15th edition. This edition incorporates the additional pension material added to the Spring 2016 syllabus. In addition, the written answer questions on the practice exams were overhauled, and are now similar in length to the real exam, with 6-7 questions written answer questions on each of the 13 practice exams. Errata were incorporated, solutions to the Fall 2015 MLC and LC exams were added, and slight improvements were made. If you are using the 13th or fourteenth editions, you may use a supplement (to be posted here later) for the additional pension material. The 11th edition and 12th edition do not have material added to the syllabus in Spring 2014 nor do they have written answer practice exam questions. Editions before the 11th are based on an older syllabus and are not recommended.

  • For LC, current edition for Spring 2016 is 1st edition 4th printing. Solutions to the Fall 2015 exam are provided below. Other printings of the 1st edition may still be used. Those using an old 3L manual should study life contingencies and Markov chains only, skipping statistics and Poisson processes. In life contingencies, skip material on reserves and on insurances and annuities with varying benefits, since those topics were dropped from the syllabus.

    Solutions to the Fall 2015 LC exam

  • For ST, current edition for Spring 2016 is 2nd edition 3rd printing. Solutions to the Fall 2015 exam are provided below. A supplement is also provided for a topic that appeared on the Fall 2015 exam that is not covered in the manual. You may still use the 2nd edition 1st or 2nd printing. If you use the 1st edition, make sure to get the supplementary runs test lesson, which was provided to purchasers of the 1st edition. Using a pre-2014 3L manual to study statistics is not recommended because the statistics syllabus was expanded.

    Solutions to the Fall 2015 ST exam

    ANOVA Supplement to ST manual

  • For S, current edition for Spring 2016 is the 1st edition 2nd printing.

    For MFE/3F, current edition for Spring 2016 is 9th edition, 10th printing. The MFE/3F syllabus was expanded for Fall 2009. The syllabus was also expanded in Spring 2009. Therefore:

    • If you have the 6th-8th editions, or the 9th edition 1st-9th printings, you may continue to use them. However, normal distribution calculations in the 8th edition and prior are done consistent with the prior rules, which means rounding arguments for the normal distribution function to 2 decimal places. You may download the solutions to the SOA sample questions and the Spring 2009 exam here.
    • If you have the 4th-5th editions, you need to have their supplements as well. The supplements are no longer available for sale at the distributors.
    • If you have an edition earlier than the 4th, you need a new manual.
  • For C/4, current edition for Spring 2016 is 17th edition 3rd printing. This edition incorporates errata and the minor changes made starting with the June 2015 exam. If you use the 15th and 16th editions, skip Anderson-Darling and for credibility keep in mind that the Mahler and Mahler-Dean study notes are the only available option, so study anything covered by those notes and skip anything not covered in those notes, as indicated in the manual. If you have an earlier edition, you should consider buying a new edition, but you may download a supplement containing the change to the syllabus made for the October 2013 exam.