The CAS has made the following SIGNIFICANT changes to CAS Exams 5 and 7. 

EXAM 5

• NEW Werner, G. and Modlin, C, “Basic Ratemaking,” CAS
  Chapter 1: Introduction
  Chapter 2: Rating manuals
  Chapter 3: Ratemaking Data
  Chapter 4: Exposures
  Chapter 5: Premium
  Chapter 6: Losses and LAE
  Chapter 7: Other Expenses and Profit
  Chapter 8: Overall Indication
  Chapter 9: Traditional Risk Classification
  Chapter 10: Multivariate Classification
  Chapter 11: Special Classification
  Chapter 12: Credibility
  Chapter 13: Other Considerations
  Chapter 14: Implementation
  Chapter 15: Commercial Lines Rating Mechanisms
  Chapter 16: Claims Made Ratemaking
  Appendix A: Auto Indication
  Appendix B: Homeowners Indication
  Appendix C: Medical Malpractice Indication
  Appendix D: Workers Compensation Indication
  Appendix E: Univariate Classification
  Appendix F: Multivariate Classification Example
  
  
• NEW Nyce, C.M., Personal Insurance (Second Edition), American Institute for Chartered Property Casualty Underwriters, 2008, pp. 1.3 - 1.11 (up to Personal Financial Planning Loss Exposures), 1.17 - 1.25 (up to Insurance as a Risk Financing Technique), 3.3 - 3.56, 4.3 - 4.25 (up to Endorsements to the Personal Auto Policy), 5.3 - 5.51, 6.3 - 6.22 (up to HO-3 Section II-Conditions), 6.32 (from HO-3 Section II-Liability Coverage Case) - 6.38,
  
  

EXAM 7

• NEW 2009 Insurance Expense Exhibit.
• NEW A.M. Best, Review of the Excess and Surplus Lines
• NEW  Bartlett, D.K.; Klein, R.W.; and Russell, D.T., “Attempts to Socialize Insurance Costs in Voluntary Insurance Markets: The Historical Record,” Journal of Insurance Regulation, Summer 1999, pp. 478-511, excluding the examples on pp. 487–511.
• NEW  Porter, K., Insurance Regulation (First Edition), American Institute of Chartered Property Casualty Underwriters/Insurance Institute of America, 2008, Chapters 2 (excluding 2.19-2.28), 3 (excluding 3.21 from Other Interest Groups-3.26), 4, 5, 6 (pp. 6.11–6.17 stopping at Licensing Priority and Process), 8 (pp. 8.15 beginning at Regulatory Practices–8.21 ending at Underwriting Cycle), 11 and 12.
• NEW Williams, O., “Federal Emergency Management Agency, Ongoing Challenges Facing the National Flood Insurance Program,” Testimony Before the Committee on Banking, Housing and Urban Affairs, U.S. Senate, October 2, 2007.
• UPDATED Committee on Property and Liability Financial Reporting, American Academy of Actuaries, "Property and Casualty Practice Note, Statements of Actuarial Opinion on P&C Loss Reserves as of December 31, 2008."
• UPDATED NAIC, Accounting Practices and Procedures Manual, 2009, Preamble.
• UPDATED NAIC, Accounting Practices and Procedures Manual, 2009, Statement of Statutory Accounting Principles 53, "Property Casualty Contracts-Premiums," paragraphs 1-17.
• UPDATED NAIC, Accounting Practices and Procedures Manual, 2009, Statement of Statutory Accounting Principles 62, "Property and Casualty Reinsurance," paragraphs 1-82.
• UPDATED NAIC, Accounting Practices and Procedures Manual, 2009, Statement of Statutory Accounting Principles 65, "Property and Casualty Contracts," paragraphs 1-45.
• UPDATED NAIC, "NAIC Insurance Regulatory Information System," 2009, Section II, Property/Casualty Ratios, pp. 5-29.