Today the SOA posted the updated syllabus for fall 2021. The changes are fairly light. No readings were dropped entirely.
Only one new study note was added: LPM-171-21, which includes several sections from Ch. 12 and 18 of the textbook Statutory Valuation of Individual Life and Annuity Contracts. These excerpts cover standard nonforfeiture law and a few other specifics (sections 12.2, 12.3, 12.4, 18.2, 18.3.2, and 18.3.3). If you’ve taken LFMU, you’ll be quite familiar with the SVILAC book, but these are only a few short snippets that I think will make the pre-existing SNL material on the LPM syllabus easier to grasp.
There were several modified readings for fall 2021:
- ASOP 2: updated from May 2011 version to June 2020 (appendices still excluded)
- This was a fairly significant update, and we are rewriting our ASOP 2 course materials to match the new version
- The following HFIS chapters have smaller syllabus page ranges than before:
- Ch. 26: pp. 537-546 & 558-567 (previously all pages were on syllabus)
- Ch. 62: pp. 1445-1468 & 1475-1478 (previously all pages were on syllabus)
- Ch. 66: pp. 1541-1556 (previously pp. 1541-1559 were on syllabus)
- LPM-169-19: all sections of Ch. 8 were dropped (interest rate swap material), but the Ch. 7 sections that were previously on syllabus are still on syllabus
- There is also still a lot of swap material in one of the HFIS chapters that is still on syllabus
We will begin posting fall 2021 / spring 2022 versions of our detailed study manual, video lessons, and other items starting Friday, May 14. Keep in mind that the spring 2021 LPM exam will be given on May 13, so we don’t want to cause confusion by posting new materials while folks are still using the course to prepare for that exam.
If you have already started using the current course to prepare for the fall 2021, exam you should still be in great shape since the syllabus changes were so mild. I would hold off on printing too much until we have the new items posted, however. It won’t be long!