Mathematics 381, Actuarial Models II, Fall 2017
Illinois State University Mathematics Department
All class materials are available on Reggienet

Dr. Krzysztof Ostaszewski, FSA, CERA, FSAS, CFA, MAAA, Actuarial Program Director
Office: Stevenson Hall room 313G. Office telephone: 309-438-7226, office fax: 309-438-5866. E-mail:

Mr. Ken Williams, FCAS, MAAA, Manager and Property/Casualty Actuary, Country Financial, e-mail:

Classes Meet
Tuesdays and Thursdays 4:00 p.m. - 5:50 p.m. (with a ten minute break), in Stevenson Hall, room 348.
Office Hours
Office hours will be held Tuesdays 2:30 p.m.-- 3:50 p.m., in Stevenson Hall room 313G, by Dr. Krzysztof Ostaszewski. Please ask for an appointment at other times. Appointments with Dr. Krzysztof Ostaszewski should be scheduled at:

Study notes for this class will be provided on Reggienet.

The following textbooks are suggested, but not required:

• David C. M. Dickson, Mary R. Hardy, and Howard R. Waters, Actuarial Mathematics for Life Contingent Risks, Second Edition, Cambridge University Press, August 2013, ISBN: 9781107044074.

• Sheldon M. Ross, Introduction to Probability Models, 11th Edition, Academic Press, 2014, ISBN: 9780124079489.

The objective of this class is to help you learn about actuarial models, as studied in the Society of Actuaries Course MLC Examination, and the Casualty Actuarial Society Course S Examination. Course MLC Examination material is covered in MAT 380 and this class, completely. Course S Examination material is covered in MAT 351, MAT 353, and this class, completely.

There will be a total of five tests. Any of the comprehensive tests (as indicated in the schedule) can count as a final. Because there will be so many opportunities for testing and only the best four test scores will affect the class grade, no make-up tests will be offered. The final will count as 40% of your grade, and the best two of the remaining tests will count as 30% of your grade each. You will also receive up to 10% extra credit for the best of the remaining tests. The grading scale for will be as follows: 90% or better -- A, 80% to 90% -- B, 70% to 80% -- C, 60% to 70% -- D, below 60% -- F. Tests will be about 70% multiple choice, and the rest will be written answer. Students are strongly encouraged to explain their work thoroughly even in the multiple choice part of the test, as points for the work shown may be awarded. Also, this is an undergraduate class available for graduate credit, and this means that graduate students will be required to do additional work to earn the same grade as undergraduate students -- this will be represented in the stucture of the tests.

Important dates
Illinois State University withdrawal information for the Fall 2017 semester is given at this web site:

Student Access and Accommodation Services
Illinois State University provides a welcoming atmosphere for individuals with disabilities by assisting each in functioning independently within the University community and providing equal access and opportunity in accomplishing educational, professional and personal goals. Student Access and Accommodation Services is the designated office to provide approved accommodation services for students, faculty, staff, and guests with disabilities. Student Access and Accommodation Service obtains and maintains documentation of disability, certifies eligibility for services, determines reasonable accommodations, and develops plans for providing such accommodations. This is accomplished in a confidential manner to ensure equal opportunity for participation in all courses, programs, activities and employment offered by Illinois State University. Please contact the Student Access and Accommodation Service in Fell Hall room 350, tel.  309-438-5853 (Voice), 309-438-8620 (TTY), web site: if you have needs that can be accommodate by that office.

Schedule of classes