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This page presents information for Exam P/1. Exam P is a three–hour multiple–choice examination and is offered via Syllabus and Study Materials. Welcome to Exam P! This manual will prepare you for the exam. You are given 29 bite-size chunks, each with explanations, techniques, examples, and lots of This study guide is designed to help in the preparation for the Society of Actuaries Exam P. The study manual is divided into two main parts. The first part Coaching Actuaries gives you the tools to study smarter and pass the Probability Meet our team of expert coaches who will guide you through. Exam P.