[[Actuarial Notes Wiki|Wiki]] / **DISC IA (CAS)** ## DISC IA (CAS) The **CAS DISC IA – Insurance Accounting, Coverage Analysis, Insurance Law, and Insurance Regulation** is a self-paced online course administered by [[The Institutes]] in partnership with the CAS, assessed via 75 application-based multiple-choice questions in 100 minutes, covering [[Insurance Accounting]], [[Coverage Analysis]], [[Insurance Law]], and [[Insurance Regulation]]. <div class="callout-cols-2"> > [!answer]- 📅 Exam Windows 2026 > > <div class="highlight-upcoming" data-date-col="0"></div> > > |Dates|Exam > |---|---| > |Jan 15 – Mar 15, 2026|DISC IA > |Apr 15 – Jun 15, 2026|DISC IA > |Jul 15 – Sep 15, 2026|DISC IA > |Oct 15 – Dec 15, 2026|DISC IA > > - [Register](https://web.theinstitutes.org/casualty-actuarial-society) (~$255, includes one exam attempt) > [!answer]- 📄 Resources > > - [CAS DISC Course Page](https://www.casact.org/exams-admissions/exams/acas-exams/cas-data-and-insurance-series-courses) </div> ### Course Topics > [!example]- 1. Introductory Insurance Accounting > > ### Introductory Insurance Accounting > > Covers the qualitative and quantitative foundations of [[Insurance Accounting]], including financial statement structure, [[Premium]] accounting, [[Loss Reserves]], and [[Reinsurance]] basics. a. Qualitative Accounting Information Criteria b. Types of [[Accounting Frameworks]] c. Accounting Frameworks and Rule Hierarchies d. Selected Accounting Concepts e. Fundamentals of Insurer [[Financial Statements]] f. [[Premium Accounting]] – [[Revenue Recognition]] g. Premium Accounting – Types of [[Written Premium]] h. Other Premium Accounting Issues i. [[Unearned Premium]] j. Examining the Relationship Between [[Loss Reserves]] and the [[Unearned Premium Reserve]] k. [[Loss and Loss Adjustment Expense]] Accounting l. [[Reinsurance]] Accounting Basics m. [[Deposit Accounting]] > [!example]- 2. Insurance Policy Analysis > > ### Insurance Policy Analysis > > Introduces the structure and characteristics of insurance policies, including what makes a loss exposure ideally insurable. a. Ideally Insurable [[Loss Exposures]] b. Characteristics of Insurance Policies c. Insurance Policy Structure d. Insurance Policy Provisions > [!example]- 3. Common Policy Concepts > > ### Common Policy Concepts > > Examines valuation methods, [[Coinsurance]], deductibles, and factors affecting claim settlement across property and liability lines. a. Identifying and Protecting [[Insurable Interests]] b. Determining [[Replacement Cost]] and [[Actual Cash Value]] c. Other Valuation or Loss Settlement Provisions d. Applying [[Coinsurance]] and Other Insurance to Value Provisions e. Applying Property Insurance Limits and [[Deductibles]] f. Applying [[Book Value]] to a Property Damage Claim g. Factors Affecting Liability Claim Valuation > [!example]- 4. Personal Auto Policy > > ### Personal Auto Policy > > Covers the structure and coverages of the [[Personal Auto Policy]] (PAP), including liability, medical payments, uninsured motorists, and physical damage coverages. a. The Personal Vehicle [[Risk Management]] Environment b. Understanding the [[Personal Auto Policy]] c. Examining Personal Auto Liability Coverage d. PAP [[Medical Payments]] Coverage and [[Uninsured Motorists]] Coverage e. PAP Coverage for Damage to Your Auto f. PAP Duties and General Provisions g. PAP Endorsements for Vehicles Other Than Personal Auto h. Additional PAP Endorsements > [!example]- 5. Homeowners Property Coverage > > ### Homeowners Property Coverage > > Analyzes property and liability exposures addressed by the HO-3 form, including covered perils, exclusions, and property conditions. a. Managing Personal Property Exposures b. Managing Personal Liability Exposures c. Determining [[HO-3]] Property Coverages d. Analyzing HO-3 Section I – Perils Insured Against and Exclusions e. Examining HO-3 Property Conditions > [!example]- 6. Homeowners Liability Coverage > > ### Homeowners Liability Coverage > > Examines liability coverages, exclusions, and conditions under the HO-3 form, along with key endorsements. a. Determining [[HO-3]] Liability Coverages b. HO-3 Liability Exclusions c. HO-3 Coverage Conditions d. Recommending Key Homeowners Endorsements > [!example]- 7. Life and Health Insurance > > ### Life and Health Insurance > > Surveys major personal lines beyond P&C, including term life, whole life, universal life, annuities, and health insurance plans. a. Understanding [[Term Life Insurance]] b. Understanding [[Whole Life Insurance]] and [[Universal Life Insurance]] c. Evaluating Types of [[Annuities]] d. [[Health Insurance]] Plans > [!example]- 8. Commercial Property Insurance Part 1 > > ### Commercial Property Insurance Part 1 > > Introduces the [[Building and Personal Property Coverage Form]] (BPP), covered causes of loss, and limits and deductibles. a. Analyzing Commercial Property [[Loss Exposures]] b. Covered Property Under the [[BPP]] c. BPP Additional Coverages and Coverage Extensions d. Causes of Loss – Basic Form and Broad Form e. Causes of Loss – [[Special Form]] f. BPP Limits of Insurance and Deductible > [!example]- 9. Commercial Property Insurance Part 2 > > ### Commercial Property Insurance Part 2 > > Applies BPP loss conditions, optional coverages, blanket insurance, and the process for determining whether the BPP covers a loss. a. Applying BPP Loss Conditions and Additional Conditions b. Applying BPP Optional Coverages c. The Significance of Commercial Property Conditions d. Understanding [[Common Policy Conditions]] e. Selecting [[Blanket Insurance]] f. Determining Whether the BPP Covers a Loss > [!example]- 10. Commercial General Liability Insurance Part 1 > > ### Commercial General Liability Insurance Part 1 > > Examines the [[Commercial General Liability]] (CGL) insuring agreement, Coverage A exclusions, Coverage B, Coverage C, and supplementary payments. a. Analyzing Commercial Liability [[Loss Exposures]] b. Understanding [[CGL]] Coverage c. CGL Coverage A Insuring Agreement d. CGL Coverage A Exclusions Part 1 e. CGL Coverage A Exclusions Part 2 f. CGL Coverage B g. CGL Coverage C h. CGL Supplementary Payments > [!example]- 11. Commercial General Liability Insurance Part 2 > > ### Commercial General Liability Insurance Part 2 > > Covers who is an insured, limits of insurance, CGL conditions, modifications, and alternative general liability forms. a. CGL Who is an Insured b. Applying [[CGL]] Limits of Insurance c. Applying CGL Conditions d. Modifying the CGL Coverage Form e. Other General Liability Coverage Forms f. Determining Whether the CGL Covers a Claim > [!example]- 12. Specialty Coverages Part 1 > > ### Specialty Coverages Part 1 > > Surveys excess and umbrella liability, professional liability, D&O, EPLI, fiduciary liability, and environmental insurance. a. Understanding [[Excess and Umbrella Liability Insurance]] b. [[Professional Liability Insurance]] c. [[Directors and Officers Liability Insurance]] d. [[Employment Practices Liability Insurance]] e. [[Fiduciary Liability Insurance]] f. [[Environmental Insurance]] > [!example]- 13. Specialty Coverages Part 2 > > ### Specialty Coverages Part 2 > > Examines aircraft insurance, cyber risk policies, international insurance solutions, and the Terrorism Risk Insurance Program. a. Examining [[Aircraft Insurance]] b. [[Cyber Risk Insurance]] Policies c. International Insurance Solutions d. Understanding the [[Terrorism Risk Insurance Program]] > [!example]- 14. Insurance Law Part 1 > > ### Insurance Law Part 1 > > Covers the foundational tort concepts of negligence, defenses, landowner liability, and intentional torts relevant to insurance claims. a. [[Negligence]] b. Defenses Against Negligence Claims c. Liability of Landowners or Occupiers of Land d. [[Intentional Torts]] Part 1 e. Intentional Torts Part 2 > [!example]- 15. Insurance Law Part 2 > > ### Insurance Law Part 2 > > Addresses liability in extraordinary circumstances, products liability, tort damages, and liability concepts affecting claims. a. Liability in Extraordinary Circumstances b. [[Products Liability]] c. Damages in Tort Suits d. Liability Concepts Affecting Tort Claims > [!example]- 16. Insurance Regulation > > ### Insurance Regulation > > Surveys the reasons for insurance regulation, the roles of regulators, solvency monitoring, rate and policy regulation, and market conduct. a. Reasons for [[Insurance Regulation]] b. Insurance Regulators c. Licensing Insurers and Insurance Personnel d. Monitoring Insurer [[Solvency]] e. Regulating Insurance Rates f. Regulating Insurance Policies g. [[Market Conduct]] and Consumer Protection