Course

Course Summary
Credit Type:
Course
ACE Course Number:
AICP-0098
Organization Course Number:
CPCU 555
Location:
Classroom-based
Length:
12 weeks (48 -- 72 hours)
Dates Offered:
Credit Recommendation & Competencies
Level Credits (SH) Subject
Upper-Division Baccalaureate 3 Personal Risk Management and Property-Casualty Insurance
Description

Objective:

The course objective is to enable the student to understand the personal risk management process and to apply that process to a detailed study of personal property-liability insurance exposures and coverage forms, and to understand the various factors that contribute to a positive result in insurance industry operations.

Learning Outcomes:

  • Evaluate the effectiveness of legislation in protecting the insurance consumer
  • Explain the steps in the portfolio re-underwriting process
  • Evaluate personal property and liability loss exposures, and through the use of the risk management process recommend risk management techniques, including the use of insurance, that could be used for dealing with those exposures
  • Explain various personal insurance forms and policy endorsements
  • Explain what exposures are covered and what are limited or excluded under certain forms
  • Describe risk management techniques, other than insurance, that can be used to manage personal loss exposures
  • Explain how insurers identify the need for a new product
  • Describe the key components of underwriting profit/loss

General Course Topics:

  • Personal risk management
  • The personal auto insurance environment
  • Personal auto insurance-liability, medical payments and uninsured motorists (UM) coverage
  • Personal auto insurance-physical damage and endorsements
  • Homeowners property coverage
  • Homeowners property coverage-perils, exclusions and conditions
  • Homeowners liability coverage
  • Other homeowners coverage forms and endorsements
  • Other residential insurance coverages
  • Watercraft, RVs, mobile homes and excess liability
  • Personal lines profitability and pricing
  • Personal lines portfolio management
Instruction & Assessment

Instructional Strategies:

  • Case Studies
  • Practical Exercises

Methods of Assessment:

  • Examinations

Minimum Passing Score:

70%
Supplemental Materials