Free CAS Exam 6-U.S. (Regulation and Financial Reporting) Practice Questions
Every released CAS Exam 6-U.S. sitting is free to work through: 345 graded walkthrough questions from the Fall 2013 through Fall 2019 exams with the published examiner's report sample answers and grader commentary, plus 24 lessons and original concept-check questions on insurance regulation, the NAIC Annual Statement, RBC and IRIS, the Statement of Actuarial Opinion, insurer taxation, and reinsurance accounting. From FreeFellow, where 'free' is in the brand name. No trial, no signup to browse, no credit card.
Built by Jeffrey Ting, FSA, CFA, who passed thirteen of the hardest finance exams on the first attempt. The full question bank and worked solutions are free forever.
How are state property-casualty guaranty funds primarily funded?
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Correct Answer: E
Solution
E is correct. Most state guaranty funds operate on a post-assessment basis: when a licensed insurer becomes insolvent, the fund pays covered claims and then assesses the remaining solvent insurers writing similar lines in the state. Each solvent insurer's share is generally proportional to its premium volume, spreading the cost of the failure across the surviving market.
Question 2
Medium
A property-casualty insurer reports Total Adjusted Capital of $450M and Authorized Control Level RBC of $200M. What is the insurer's RBC ratio?
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Correct Answer: A
Solution
A is correct. The RBC ratio equals Total Adjusted Capital divided by Authorized Control Level RBC: 450/200=2.25, or 225%. No action level is triggered on the ratio alone, but a ratio between 200% and 300% places the insurer in the trend-test band: if its current-year combined ratio exceeded 120%, it would be required to comply with Company Action Level requirements despite the 225% RBC ratio.
Question 3
Hard
An insurer reports RBC charges ($ millions) of R0=30, R1=80, R2=90, R3=120, R4=60, R5=60 and Total Adjusted Capital of $176 million. Which RBC action level applies?
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Correct Answer: B
Solution
B is correct. The sum of squares 802+902+1202+602+602=36,100 gives a square root of 190, so Total RBC =30+190=220 and Authorized Control Level RBC =0.5×220=110. The RBC ratio is Total Adjusted Capital divided by ACL RBC: 176/110=1.60, or 160%. A ratio of at least 150% but below 200% falls in the Company Action Level band, requiring the insurer to submit a corrective RBC plan.
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The full question bank, written solutions, lessons, formula sheet, mixed practice, and readiness tracking for your Exam 6U prep are free forever. No trial period, no credit card. Every constructed-response item has a copy-to-AI prompt builder for your own ChatGPT or Claude. Become a Fellow ($59/qtr) only if you want mock exams, flashcards, analytics, AI essay grading, and a personalized study plan.
What's Free, and What Fellow Unlocks
The 70% of Exam 6U prep you actually need to pass (questions, solutions, lessons, mixed practice, copy-to-AI essay prompts) is free forever. The remaining 30% (mocks, flashcards, analytics, study plan, AI essay grading) unlocks when you become a Fellow. Use the free tier as long as you like.
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630 practice questions with detailed solutions
Copy-to-AI essay prompts for your own ChatGPT or Claude
Mixed practice sessions across all topics
Formula sheet and reference materials
Readiness tracking with pass-probability estimates
No paywalls on questions · no trial period · no credit card
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Timed mock exams with weighted scoring
Spaced-repetition flashcards backed by memory science
Topic-level practice to drill weak areas
Performance analytics by topic and difficulty
AI grading for constructed-response essays vs the official rubric
Personalized study plan that adapts to your exam date
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Per-exam pricing across the major prep providers. The FreeFellow core (questions, solutions, lessons) is free forever. The optional Fellow tier is $59 per quarter, roughly 1/20th of what traditional providers charge.
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Every question includes a detailed, step-by-step solution.
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Dates mark the start of each testing window. Projected dates follow the Casualty Actuarial Society's historical exam cadence for sittings the body has not yet published. Confirm dates and registration deadlines directly with the Casualty Actuarial Society before registering.
Exam date
Status
Register by
Oct 19, 2026
Confirmed
Sep 29, 2026
Apr 26, 2027
Projected
–
Oct 18, 2027
Projected
–
Frequently Asked Questions
How many free Exam 6U practice questions does FreeFellow have?
FreeFellow currently offers 630 free Exam 6U practice questions across 8 topics, each with a detailed step-by-step solution. Questions span three difficulty levels and are aligned to the 2026 syllabus. The question bank is updated regularly.
What Exam 6U topics are covered?
The questions cover 8 topics: Regulation Foundations & the NAIC, Solvency, Specialty Markets & Emerging Regulation, Tort Environment & Government Programs, Primary Statements & Statutory Accounting, Annual Statement Schedules & the IEE, and 3 more. Each topic page shows your progress and lets you filter by difficulty level. You can practice by topic to target your weak areas or take mixed-topic practice exams.
Is FreeFellow really free for Exam 6U prep, or is there a catch?
No catch. The 70% of Exam 6U prep you actually need to pass is free forever: the full question bank of 630 practice questions, detailed solutions on every question, mixed practice, the formula sheet, and readiness tracking. No trial period, no credit card. The remaining 30% (timed mock exams, flashcards with spaced repetition, performance analytics, and a personalized study plan) unlocks when you become a Fellow.
What does the $59 Fellow tier unlock for Exam 6U?
Fellow ($59 per quarter or $149 per year, per track) unlocks four things on top of the free tier: timed mock exams with weighted scoring that match the real exam blueprint, spaced-repetition flashcards built on memory science from cognitive psychology, topic-level practice to drill weak areas, performance analytics broken down by topic and difficulty, and a personalized study plan that adapts to your exam date. Everything else (questions, solutions, lessons) stays free.
How does FreeFellow compare to Coaching Actuaries, ASM, or TIA on price?
Traditional Exam 6U prep providers charge $200 to $3,500 for a single exam, paid upfront. FreeFellow keeps the question bank, written solutions, and lessons free forever. The optional Fellow tier is $59 per quarter (about 1/20th of what the big providers charge) and adds mock exams, flashcards, analytics, and a study plan. You can pass Exam 6U entirely on the free tier.
How should I use FreeFellow to study for Exam 6U?
Start with topic-based practice to identify weak areas. As your exam date approaches, switch to timed practice exams under realistic conditions. The free tier gives you everything you need to build mastery; if you want pacing tools (mock exams, analytics, a study plan) and long-term retention aids (spaced-repetition flashcards), become a Fellow.
What calculator is allowed on Exam 6U?
The CAS permits the Texas Instruments TI-30XS MultiView on all exams. No other calculators are allowed.
What is the Exam 6U exam format?
CAS Exam MAS-I is a 4-hour computer-based exam with multiple-choice questions covering probability models, statistics, and regression. It is administered at Prometric testing centers.
FreeFellow is a free exam prep library for actuarial (SOA & CAS), CFA, CFP, CPA, CAIA, GARP FRM, IRS Enrolled Agent, IMA CMA, and FINRA / NASAA securities licensing candidates. The entire question bank, written solutions, and lessons are free for every candidate, with no trial period and no credit card. Every constructed-response item has a copy-to-AI prompt builder so candidates can paste their answer into their own ChatGPT or Claude for self-graded feedback; Fellow members get instant AI grading on essays against the official rubric (currently CFA Level III, expanding to other essay-bearing sections).
The 70% you need to pass (question bank, written solutions, lessons, formula sheet, mixed practice, readiness tracking) is free forever, with no trial period and no credit card. Become a Fellow ($59/quarter or $149/year per track) to unlock mock exams, flashcards with spaced repetition, performance analytics, AI essay grading, and a personalized study plan.