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Sample CNSF Actuario Vida Practice Questions

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1Under Disposition 31.1.1 and 31.1.3 of the Circular Única de Seguros y Fianzas (CUSF), which actuarial documents in the life insurance operation (Campo Básico I: Vida, excluding pensions) must be prepared and signed by an actuary who holds a professional cédula and either CONAC certification or a CNSF knowledge accreditation?

A.Technical notes (notas técnicas), technical reserve valuation methods, and the Dynamic Solvency Test (Prueba de Solvencia Dinámica)

B.Only the annual financial statements and external tax audit reports

C.Only the corporate governance charter and the internal control manual

D.Product marketing brochures, commercial advertising materials, and commission schedules

Explanation: CUSF Disposition 31.1.1 explicitly mandates that technical notes, actuarial methods for the constitution and valuation of technical reserves, and the Dynamic Solvency Test (Prueba de Solvencia Dinámica - PSD) must be signed by an actuary with a professional cédula and either a valid professional college certification (CONAC) or a knowledge accreditation issued by the CNSF. Campo Básico I covers life insurance, excluding pension insurance derived from social security laws.

2What is the mandatory academic prerequisite under CUSF Disposition 31.1.4 for an individual applying for the CNSF knowledge accreditation in life insurance?

A.A postgraduate master's degree in Quantitative Finance accredited by CONAHCYT

B.A professional cédula (license) in Actuarial Science (Licenciatura en Actuaría) issued by the Secretaría de Educación Pública (SEP)

C.At least five continuous years of executive underwriting experience in a multinational life insurer

D.An active legal certification as an insurance broker registered before the CNSF

Explanation: CUSF Disposition 31.1.4 requires the applicant to hold a professional cédula issued by the Secretaría de Educación Pública (foreigners must show they may practise as actuaries in Mexico). Disposition 31.1.5 adds that the application must include a copy of the cédula accrediting the applicant as an actuary or licenciado en actuaría, together with the CURP and proof of payment.

3According to CUSF Dispositions 31.1.7, 31.1.8, and 31.1.9, what are the formal examination duration, permitted materials, and minimum passing threshold for the CNSF actuarial accreditation exam?

A.4 hours maximum; closed-book; minimum passing score of 60% of formulated items

B.8 hours over two consecutive days; open-book with internet access; minimum passing score of 80%

C.6 hours maximum; books, calculators and laptops permitted (mobile phones and mobile broadband devices prohibited); minimum passing score of 70% of formulated items

D.3 hours maximum; only a non-programmable financial calculator allowed; minimum passing score of 75%

Explanation: Under CUSF 31.1.7, the exam lasts at most six hours. Disposition 31.1.8 lets candidates use books, calculators and laptops (paper for calculations is supplied on request) but bans mobile broadband devices and cell phones and any dialogue with other candidates. Under Disposition 31.1.9, the candidate passes with at least 70% of the items formulated.

4Under CUSF Dispositions 31.1.11 and 31.1.12, what is the statutory validity period of a CNSF actuarial accreditation oficio and what are the continuing education requirements for its renewal (refrendo)?

A.Valid for 2 years; renewable by accumulating at least 80 hours of continuing actuarial education over the 2-year period (between 25 and 55 hours per year), including a 6-hour regulatory update, with at least 80% in evaluated courses

B.Valid for 5 years; renewable automatically upon payment of the annual rights fee to the SHCP without continuing education

C.Valid indefinitely; subject only to a triennial ethics interview conducted by the CNSF Directorate General of Legal Affairs

D.Valid for 1 year; renewable by retaking the full 6-hour written accreditation examination every year

Explanation: CUSF Disposition 31.1.11 establishes that the accreditation is valid for 2 years. Disposition 31.1.12 outlines the refrendo rules: actuaries must accumulate at least 80 hours of continuing education across the two-year cycle (with an annual range between 25 and 55 hours), of which 6 hours must cover regulatory updates, and at least 80% of the total hours must come from formally evaluated courses.

5Under Article 167 of the Ley sobre el Contrato de Seguro (LSCS), what is the legal effect if insurance on the death of a third party is contracted without that third party's written consent?

A.The contract remains valid, but the insurer is entitled to double the premium loading for moral hazard

B.The contract is null (nulo); the third party's consent must be given in writing before the contract is concluded and must state the sum insured

C.The contract automatically converts into a pure savings endowment payable to the contracting party's legal estate

D.The contract is valid for the first 30 days while the insurer attempts to obtain the third party's consent

Explanation: LSCS art. 167 declares null any insurance on the death of a third party if that person does not consent in writing before the contract is concluded, with the sum insured stated. The third party's written consent is also required for any beneficiary designation and for transfers, assignments or pledges of the benefit, except when those operations are made with the insurer itself.

6Under Articles 47 and 48 of the Ley sobre el Contrato de Seguro (LSCS), what may a life insurer do if it discovers that the proposer omitted or misstated a relevant fact asked about in the application?

A.Only reduce the sum insured in proportion to the premium that should have been charged

B.Consider the contract rescinded by operation of law, even if the omission did not influence the claim, communicating the rescission in authentic form within 30 calendar days of learning of the omission

C.Rescind the contract only if the omitted fact caused or contributed to the insured's death

D.Rescind the contract at any time during the life of the policy, without any deadline for notifying the insured

Explanation: LSCS art. 47 lets the insurer treat the contract as rescinded by operation of law for any omission or inaccurate declaration of the facts covered by arts. 8, 9 and 10, even if they did not influence the loss. Art. 48 requires the insurer to communicate the rescission in authentic form to the insured or beneficiaries within 30 calendar days after it learns of the omission. Policies often add a contractual incontestability period, but that is a contract term, not an LSCS rule.

7Under Article 40 of the Ley sobre el Contrato de Seguro (LSCS), what happens if a premium or premium installment is not paid within the agreed term, or within the default term when none was agreed?

A.Coverage is suspended after 15 calendar days and is automatically reinstated when the premium is later paid

B.The effects of the contract cease automatically at 12:00 noon on the last day of the term; if no term was agreed, the term is 30 calendar days after the due date

C.The insurer must obtain a court order before the contract can stop producing effects

D.The contract continues for 90 days and the unpaid premium is deducted from any claim

Explanation: LSCS art. 40 provides that if the premium or installment is not paid within the agreed term, the effects of the contract cease automatically at 12:00 noon (doce horas) on the last day of that term, and that a term of 30 calendar days after the due date applies when none was agreed. Art. 41 voids any agreement that would deprive art. 40 of its effects. In life insurance, art. 191 adds that the effects do not cease automatically when an automatic premium loan was agreed in the policy.

8How does Article 197 of the Ley sobre el Contrato de Seguro (LSCS) regulate suicide in Mexican life insurance contracts?

A.Suicide is an absolute statutory exclusion that can never be covered under any circumstance or duration

B.The insurer must pay even in case of suicide, whatever the insured's mental state or motive, if it occurs after two years from the conclusion of the contract; if it occurs within two years, the insurer reimburses only the mathematical reserve

C.Suicide is covered from the first day, provided the policyholder purchased an accidental death rider

D.The insurer pays 50% of the sum insured if suicide occurs in the first year and 75% in the second year

Explanation: LSCS art. 197 obliges the insurer to pay in case of suicide, whatever the mental state of the insured or the motive, if it occurs after two years from the conclusion of the contract. If it occurs before two years, the insurer reimburses only the mathematical reserve.

9Under the Reglamento del Seguro de Grupo para la Operación de Vida y del Seguro Colectivo para la Operación de Accidentes y Enfermedades (RSG), what distinguishes a Seguro de Grupo from a Seguro Colectivo?

A.A Seguro de Grupo insures a group or collectivity against life-operation risks, whereas a Seguro Colectivo insures a group or collectivity against accident and health risks; in both, the members share a lawful link that exists before and independently of the insurance

B.A Seguro de Grupo requires an employer-employee relationship, whereas a Seguro Colectivo covers any affinity group

C.A Seguro de Grupo must be fully paid by the contracting party, whereas a Seguro Colectivo must be fully paid by the members

D.A Seguro Colectivo is the name given to group life policies with fewer than 1,000 members

Explanation: Art. 2 of the RSG defines the Grupo o Colectividad as any set of people who belong to the same company or share a lawful link or common interest that exists before and independently of the insurance contract. A Seguro de Grupo insures such a group against life-operation risks, and a Seguro Colectivo insures it against accident and health risks.

10Under Article 8 of the RSG, what is the minimum number of members that a life insurance group must have at the start of the contract for its dividends to be calculated on its own claims experience (experiencia propia)?

A.100 members

B.500 members

C.1,000 members

D.5,000 members

Explanation: RSG art. 8 allows dividends for favourable claims experience to be calculated on the group's own experience or on the insurer's global experience. For life insurance, experiencia propia requires at least 1,000 members at the start of the contract; dividends may only be calculated on earned net risk premiums minus incurred claims, and anticipated or guaranteed dividends are not allowed.

About the CNSF Actuario Vida Exam

Independent CNSF Actuario Vida practice by OpenExamPrep. The CNSF knowledge accreditation for actuaries in the Life branch (Campo Básico I: Vida, excluding pensions) is granted by category (technical notes, reserve methods and valuation, and the Prueba de Solvencia Dinámica), each through a Spanish, computer-based, open-book exam of up to 6 hours under CUSF Chapter 31.1; the dictamen on reserve sufficiency has its own two-part exam under Chapter 31.2. These questions cover Mexican life insurance regulation (LISF, LSCS, CUSF Titles 4 and 5), product pricing and loading structures, best-estimate cash flow modeling, risk margins, the Requerimiento de Capital de Solvencia (RCS), and life actuarial mathematics. This is an English-language MCQ study adaptation, not an official translation or a simulation of the CNSF exam.

Exam sponsor: Comisión Nacional de Seguros y Fianzas (CNSF), Dirección General de Supervisión Actuarial. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

The CNSF accredits each category separately for each campo básico (CUSF 31.1.2 and 31.1.11): technical notes, reserve methods and valuation, and the Prueba de Solvencia Dinámica, each through its own computer-based exam of up to 6 hours. The dictamen on reserve sufficiency is a separate two-part accreditation under Chapter 31.2 (up to 8 and 6 hours). The 2026 calendar offers all four for Vida.

Time Limit

6 hours maximum

Passing Score

At least 70% of total formulated items (CUSF Disposition 31.1.9)

Exam / Certification Fees

MXN 2,246 in 2026 under the CNSF payment catalog

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Official sources

CNSF — Actuarios Certificados y Acreditación de Conocimientos · Source checked 2026-09-29Regulatory overview, accreditation requirements under CUSF Title 31, and official links to temarios
Circular Única de Seguros y Fianzas, Chapter 31.1 (CNSF Interactiva) · Source checked 2026-09-29Accreditation categories (31.1.2), Campo I Vida (31.1.3), 6-hour duration (31.1.7), permitted materials (31.1.8), 70% passing mark (31.1.9), and 2-year validity (31.1.11)
CNSF — Calendario de Exámenes para la Acreditación de Conocimientos 2026 · Source checked 2026-09-292026 schedule for Campo I Vida sessions covering notas técnicas, reservas, and Prueba de Solvencia Dinámica
CNSF — Contenido Temático Vida (Dirección General de Supervisión Actuarial) · Source checked 2026-09-29Official syllabus covering normative framework, life pricing, technical reserves, reinsurance, RCS, and actuarial literature
CNSF — Catálogo de Pagos de Derechos 2026 · Source checked 2026-09-292026 fee: MXN 2,246 for actuarial knowledge accreditation examination in insurance and surety

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

20% of practice bank

Marco Normativo y Función Actuarial

LISF, LSCS, Reglamento del Seguro de Grupo, CUSF governance standards, actuarial function responsibilities, and market conduct

30% of practice bank

Primas y Registro de Notas Técnicas de Vida

CUSF Title 4 requirements for life technical notes, pricing bases, acquisition and administrative loadings, profit margin, net and gross level premiums, Kellison interest theory, and Bowers actuarial mathematics

30% of practice bank

Reservas Técnicas de Vida y Métodos Actuariales

CUSF Title 5 chapters 5.1 to 5.5, 5.7, 5.13, 5.17, Best Estimate Liabilities (BEL), risk margin, discounted cash flows, risk-free discount curves, mathematical reserves, life IBNR, and guaranteed surrender values

20% of practice bank

Reaseguro, RCS y Prueba de Solvencia Dinámica

Retention limits (CUSF 9.1), surplus and quota share life reinsurance, the Requerimiento de Capital de Solvencia (six components under CUSF 6.2.1, with RC_TyFS measured as a 99.5% one-year VaR in the CNSF system), own-funds tiers, and the Prueba de Solvencia Dinámica (CUSF 7.2)

Preparing for the CNSF Actuario Vida Exam

What You Need to Know

Passing score: At least 70% of total formulated items (CUSF Disposition 31.1.9)
Assessment: The CNSF accredits each category separately for each campo básico (CUSF 31.1.2 and 31.1.11): technical notes, reserve methods and valuation, and the Prueba de Solvencia Dinámica, each through its own computer-based exam of up to 6 hours. The dictamen on reserve sufficiency is a separate two-part accreditation under Chapter 31.2 (up to 8 and 6 hours). The 2026 calendar offers all four for Vida.
Time limit: 6 hours maximum
Exam / certification fees: MXN 2,246 in 2026 under the CNSF payment catalog Official sources

Using Our Practice Resources

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CNSF Actuario Vida: Suggested Study Strategy

1Know CUSF 5.1.3: the reserva de riesgos en curso is the best estimate plus the risk margin, with cash flows discounted at the risk-free curves supplied by the institution's price vendor, projected gross of reinsurance, and floored at the fund value for long-term savings business.

2Practice traditional life contingency formulas from Bowers: continuous and discrete net single premiums, annual level premiums, and prospective/retrospective reserve recursions.

3Learn how the Mexican RCS works: six components (CUSF 6.2.1), calculated monthly with the CNSF's system, with RC_TyFS measured as a 99.5% one-year VaR from stochastic scenarios rather than EU-style fixed shocks; also know the own-funds tiers of CUSF 7.1.11.

4Review the CUSF Title 4 requirements for registering technical notes (4.1 and the actuarial standard of practice in 4.3), and the registration of reserve methods with annual back-testing (CUSF 5.5).

Frequently Asked Questions

Who must take the CNSF Actuario Vida accreditation exam?

Under CUSF Chapter 31.1, any actuary who prepares or signs life insurance technical notes, reserve valuation methods, or the Prueba de Solvencia Dinámica (PSD) for a Mexican life insurance company must either hold certification from CONAC or pass this CNSF knowledge accreditation exam.

What is the format and duration of the exam?

Under CUSF Dispositions 31.1.7 and 31.1.8, each exam lasts up to 6 hours and is taken in person on computers at CNSF facilities. Candidates may use books, calculators and laptop computers, and may ask the supervisor for scratch paper; cell phones and mobile broadband devices are prohibited.

What is the passing score and how long is the accreditation valid?

Candidates need at least 70% of the items formulated (CUSF 31.1.9). The oficio de acreditación is valid for 2 years (31.1.11). Refrendo requires at least 80 hours of continuing education over the two years, including a 6-hour regulatory update course, with at least 80% in evaluated courses, filed at least 10 business days before expiry (31.1.12).

What topics are emphasized in the Campo I Vida syllabus?

The Vida syllabus covers the legal framework (LISF, LSCS, Reglamento del Seguro de Grupo), technical notes and product registration (CUSF Title 4), technical reserves and method registration (CUSF Chapters 5.1 to 5.5, 5.7, 5.13 and 5.17: best estimate plus risk margin), and reinsurance, the RCS, governance and accounting, with actuarial texts such as Bowers and Kellison as bibliography.

Is this practice bank an official CNSF exam simulation?

No. The official exams are taken in Spanish under CNSF supervision. This bank is an independent English-language MCQ study adaptation, not an official translation or a simulation of the CNSF exam.