Actuary Exam Approved Calculator Checker

A quick guide to answer the question: can you use a calculator on the actuary exam? Find out exactly which models are permitted for your specific test.

What Does “Can You Use a Calculator on the Actuary Exam?” Really Mean?

Yes, you can absolutely use a calculator on the actuary exam, but with very strict limitations. You cannot bring just any calculator. Both the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS) publish a short, exclusive list of approved calculator models. Using a non-approved model will lead to disqualification. The core idea is to ensure fairness and prevent any candidate from having an unfair advantage through programmable or text-storing devices.

This policy is different from many university exams where a wider range of scientific or graphing calculators might be permitted. For actuarial exams, the list is the law. The most common question for new candidates isn’t “can you use a calculator,” but rather “which specific calculator models can I use for my exam?” Our actuary exam approved calculators tool above is designed to answer exactly that.

Actuary Exam Calculator Policy Explained

The “formula” for determining if a calculator is allowed is not a mathematical one, but a rule-based check against the official lists provided by the SOA and CAS. The governing bodies periodically update these lists, though the core models have remained stable for years.

Key Policy Rules (Variables)

The policy depends on a few key variables. Understanding these helps clarify why certain calculators are allowed and others are not.

Policy Variables and Meanings

Variable	Meaning	Governing Body	Typical Range of Values
Approved Models	The specific list of Texas Instruments calculators that are permitted.	SOA & CAS	Includes models like TI-30XS MultiView, BA II Plus, etc.
Memory Clearing	A mandatory procedure where a proctor verifies your calculator’s memory has been wiped before the exam begins.	SOA & CAS	Required for models with memory functions (e.g., TI-30XS, BA II Plus).
Prohibited Features	Any feature that disqualifies a calculator.	SOA & CAS	QWERTY keyboards, text storage, wireless communication, etc.
On-Screen Calculator	A digital version of a calculator provided within the computer-based testing interface.	SOA & CAS	Typically a digital TI-30XS MultiView is available as a backup.

Practical Examples of Calculator Use

Example 1: Candidate for Exam FM (Financial Mathematics)

• Inputs: The candidate selects “Exam FM” in the calculator above.
• Units: The relevant “units” are the approved model numbers.
• Results: The tool shows that both the BA II Plus (for its financial functions) and the TI-30XS MultiView (for general calculations) are excellent and approved choices. It will also remind the candidate that memory clearing is mandatory.

Example 2: Candidate for CAS Exam MAS-I

• Inputs: The candidate selects “Exam MAS-I”.
• Units: The CAS has a similar, but not identical, list of approved models.
• Results: The tool confirms that the TI-30XS MultiView is a primary choice for this statistics-heavy exam. It also notes that the CAS policy allows specific TI models, and bringing an unapproved device is a serious violation. For more information, you can review our guide on the CAS exam calculator rules.

How to Use This Actuary Exam Calculator Policy Checker

Using this tool is straightforward and designed to give you an instant, clear answer.

1. Select Your Exam: Start by choosing your specific exam from the dropdown list. The list is categorized by the Society of Actuaries (SOA) and the Casualty Actuarial Society (CAS).
2. View the Policy: The calculator will instantly display the results. The “Primary Result” gives you a clear “Yes” or “No” with the main condition.
3. Review Approved Models: The “Approved Calculator Models” section lists every model you are allowed to use. This is the most crucial piece of information.
4. Understand the Rules: Read the summary, which explains key rules like memory clearing and restrictions on calculator covers or manuals.
5. Copy for Your Records: Use the “Copy Results” button to save the information for your reference.

Key Factors That Affect Actuary Exam Calculator Policy

The calculator rules are rigid, but understanding the factors behind them can help you prepare.

• Governing Body: The SOA and CAS set their own policies. While they are very similar and have significant overlap, you should always check the rules for the specific organization administering your exam.
• Exam Content: Some exams, like FM, have questions that are much easier to solve with a financial calculator (the BA II Plus). Other exams, like P, benefit from the multi-line display of a scientific calculator (the TI-30XS). This is a key part of the SOA exam calculator policy.
• Preventing Cheating: The core reason for the strict list is to prevent the use of devices that can store text, formulas, or connect to the internet. This ensures a level playing field.
• Memory Functions: Calculators with programmable memory or extensive storage are banned. Even for approved calculators with simple memory, proctors must witness you clearing it.
• Computer-Based Testing (CBT): In the CBT environment, you have access to an on-screen calculator. This is a great backup but practicing with a physical, approved calculator is still highly recommended for speed and familiarity.
• Historical Precedent: The list of calculators has evolved slowly over time. The organizations are conservative about adding new models to ensure they are thoroughly vetted.

Frequently Asked Questions (FAQ)

Can you use a calculator on the actuary exam for every question?

Yes, you are permitted to use an approved calculator for the entire duration of the exam. However, not all questions will require one.

What is the best calculator for Exam P and FM?

The TI-30XS MultiView is widely recommended for Exam P due to its superior handling of fractions and probability calculations. For Exam FM, the BA II Plus is almost essential for its time-value-of-money functions. Most candidates own both.

Can I bring two calculators to the exam?

Yes, both the SOA and CAS allow you to bring more than one approved calculator into the exam room. This is a highly recommended strategy in case one malfunctions or if you prefer different calculators for different types of questions.

What happens if I bring a non-approved calculator?

The proctor will confiscate the non-approved calculator for the duration of the exam. You will not be provided a replacement, and you risk having your exam disqualified.

Do I need a calculator with the SOA or CAS logo?

No, the logos are not required. Any version of the approved model numbers is acceptable.

Are calculator covers or manuals allowed?

No, calculator covers and instruction manuals are not permitted in the examination room.

What if my calculator runs out of battery?

You are responsible for ensuring your calculator is in good working order. It is wise to use a solar-powered model or bring a backup calculator and/or spare batteries.

Is the TI-84 Plus allowed on actuary exams?

No, the TI-84 Plus and other graphing calculators like it are not on the approved list and cannot be used. Their graphing and programmability features are prohibited. Check our guide on actuary exam study tips for more advice.