Question 1
Among the policyholders of an insurance company, 64% have an auto policy, 42% have a homeowners policy and 27% have both. One policyholder is chosen at random.
Calculate the probability that the policyholder has neither.
Exam P dates and registration deadlines, 2026 and 2027
Exam P is offered six times a year, in a testing window of about 12 days. Registration closes about four weeks before each window opens.
| Next sitting open for registration | January 14 to 25, 2027; register by December 15, 2026 |
|---|---|
| Fee | $275 |
| Format | 30 multiple-choice questions in 3 hours, on a computer at a Prometric center |
| Result | Unofficial pass or fail by email within one hour |
Every sitting
| Testing window | Registration deadline |
|---|---|
| November 4 to 15, 2026 | Closed |
| January 14 to 25, 2027 | December 15, 2026 |
| March 1 to 12, 2027 | February 2, 2027 |
| May 7 to 18, 2027 | April 6, 2027 |
| July 1 to 12, 2027 | June 1, 2027 |
| September 16 to 27, 2027 | August 17, 2027 |
| November 3 to 14, 2027 | October 5, 2027 |
How to choose a sitting
- Count back from the window, and leave the last weeks for full practice exams.
- Register early in the registration period to get the test center and day you want.
- If you plan to sit Exam FM too, its windows fall in the months between Exam P sittings.
After the exam
You get an unofficial pass or fail by email within an hour. SOA publishes the official results, with the pass mark and pass rate, several weeks later: the July 2026 results were published on October 2, 2026.
Try 2 questions
Question 2
The number of claims in a week has a Poisson distribution with mean 1.5.
Calculate the probability of more than 2 claims in a week.
Next step
Questions people ask
How often is Exam P offered?
Six times a year: January, March, May, July, September and November. Each sitting is a testing window of about 12 days at Prometric centers.
How much does Exam P cost?
The 2026 fee is $275, paid to the Society of Actuaries when you register.
When do you get Exam P results?
An unofficial pass or fail arrives by email within one hour of finishing. Official results follow several weeks after the testing window closes.