A comprehensive and practical program for a changing business environment.
Just as the property-casualty and risk management community responds to the needs of an ever-evolving marketplace, the American Institute for CPCU responds to your changing professional development needs. The American Institute introduced a revised CPCU curriculum in 2002 to better meet the needs of today's risk management and insurance professionals while maintaining the integrity of the industry's most respected professional designation.

By studying the CPCU curriculum, you will gain a broad understanding of property-casualty insurance in addition to choosing either a commercial or personal risk management and insurance concentration. The CPCU designation program also includes in-depth coverage of personal financial planning and financial services institutions, which reflects the convergence of the property-casualty and financial services industries.

The CPCU program consists of eleven courses. You must pass 8 courses to earn the CPCU designation. All candidates must complete the five foundation courses. In addition, you select either the commercial or personal insurance concentration and complete the three courses in the concentration of your choosing. You may not combine courses from both concentrations.

Foundation Courses

CPCU 510
Code of Ethics, Risk, Understanding Risk Management, Risk Assessment, Risk Control, Risk Financing, Financial Services and Insurance Markets, Insurance Mechanism, Insurable Risks, Legal Environment of Insurance, Insurance Policy, Insurance Policy Analysis, and Amounts Payable.

CPCU 520
Insurance Operations, Regulation of Insurance, Insurance Marketing, Underwriting Property Insurance, Underwriting Liability Insurance, Ratemaking, Property Claim Adjusting, Liability Claim Adjusting, Reinsurance, Insurer Financial Statements, Insurer Financial Management, and Insurer Business Strategy and Global Operations

CPCU 530
U.S. Law and Regulation; Contract Law: Contract Formation, Agreement, Legal Capacity, Consideration, Legal Purpose, Genuine Assent, Form, Interpretation, and Obligations; Insurance Contract Law; Commercial Law; Property Law; Tort Law: Negligence, Intentional Torts, Products Liability, Environmental Torts, Special Liability, and Litigation Concepts; Agency Law; Insurance Applications of Agency Law; Employment Law; Business Entities; and the International Legal Environment of Insurance

CPCU 540
Basics of Corporate Finance, Financial Statements, Sources of Additional Financial and Nonfinancial Information, Financial Statement Analysis, Working Capital Management, Time Value of Money, Discounted Cash Flow Valuation, Bonds and Stocks, Operating Environment and Corporate Finance, Insurer Investment Strategies, Insurer Income and Dividend Policy, Insurer Capital: Needs and Sources, Capital Structure of Insurers, Making Capital Investment Decisions, and Mergers and Acquisitions

CPCU 560
Financial Markets, Federal Reserve, Money Markets, Bond Markets, Stock Markets, Derivative Securities, Banks, Finance Companies, Insurance Companies, Securities Firms and Investment Banks, Regulation of Depository Institutions, Mutual Funds, Pension Funds, and Risks Incurred by Financial Institutions

Commercial Insurance Concentration Courses

CPCU 551
Property Loss Exposures; Building and Personal Property Coverage; Causes of Loss Forms; Flood, Earthquake, and Specialty Forms; Business Income; Inland Marine and Ocean Cargo; Crime; Equipment Breakdown; Businessowners and Farmowners; and Surety Bonds

CPCU 552
Liability Loss Exposures, Liability Risk Control, General Liability Insurance, Business Auto Insurance, Garage and Motor Carrier Insurance, Workers’ Compensation and Employers’ Liability Loss Exposures, Workers’ Compensation and Employers’ Liability Insurance, Management Liability Loss Exposures and Insurance, Professional Liability Loss Exposures and Insurance, Environmental Loss Exposures and Insurance, Aviation Loss Exposures and Insurance, Excess and Umbrella Liability Insurance, and Advanced Risk Financing Techniques

CPCU 553
Automobile Insurance and Society, Personal Auto Policy, Homeowners Insurance, Other Residential Insurance, Other Personal Property and Liability Insurance, Personal Loss Exposures and Financial Planning, Life Insurance, Health and Disability Insurance, Investment Planning, Planning for Retirement, and Estate Planning

Personal Insurance Concentration Courses

CPCU 555
Personal Risk Management, Homeowners Insurance, Homeowners Endorsements and Variations, Personal Auto, Recreational Vehicles, Developing Personal Insurance Products, Underwriting Profitability, Pricing, Reunderwriting Personal Insurance Portfolios, and Gaining Efficiencies in Personal Insurance Operations

CPCU 556
Life Insurance and Social Security; Health, Disability, and Long-Term Care; Basic Investment Principles; Equity and Fixed-Income Investments; Mutual Funds; Asset Allocation; Income Tax Planning; Planning for Retirement; and Estate Planning

CPCU 557
Commercial Property, Business Income, Commercial Crime and Equipment Breakdown Insurance, Inland and Ocean Marine, Commercial General Liability, Commercial Auto, Businessowners and Farm, Workers’ Compensation and Employers’ Liability, and Risk Financing

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*To find out more, contact the Professional Development Center

Phone: 248.204.4050
Fax: 248.204.4017
E-mail: meloche@ltu.edu