by Stacy T. | Jan 10, 2018 | CPCU 500, CPCU 530
Here is a super short, quick tip: several of the CPCU® courses discuss a concept called bailment, which is when someone temporarily gives possession of their property to another party. Bailor refers to the original property owner, while bailee refers to the person who temporarily has possession of the property. Distinguishing between the two parties is important to getting your test questions right, but their similarity makes it easy to mix the two up. One easy way to remember the difference? Bailor has an O for owner!
Learn other tricks to help you pass your exams!
Use our CPCU study guide bundles, filled with lots of tips and tricks to help you remember important concepts for the exam!
Disclaimers: The Institutes, CPCU®, and AINS® are trademarks of the American Institute For Chartered Property Casualty Underwriters, d/b/a The Institutes. InsuranceExamGuides.com is not affiliated or associated with The Institutes in any way, and The Institutes do not endorse, approve, support, or otherwise recognize InsuranceExamGuides.com or its products or services. CPCU® and AINS® are registered trademarks of The Institutes. All rights reserved.
by Stacy T. | Jan 8, 2018 | CPCU 500
Update: CPCU® 500 has been updated to a newer edition, so the chapters are no longer broken up as outlined below. Our study materials have been updated to reflect the newer edition.
Most of the CPCU courses separate their chapters by topic, with each chapter covering a different subject area that doesn’t necessarily require you to know the information from previous chapters first. CPCU 500, however, is an exception to that rule. The logical progression isn’t obvious, but once you learn about it, it gives you a much better understanding of how the material in each of the chapters relate to one another, thus improving your comprehension.
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by Stacy T. | Jan 8, 2018 | Study Tips, Test Strategies
CPCU 540® is notorious for its extensive list of formulas, which probably has a lot to do with it having the highest failure rate of all the CPCU courses. CPCU 520 also has its fair share of financial ratios and calculations that you’ll need to memorize. This blog tip is all about the most effective strategies for mastering the CPCU formulas for your exams.
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by Stacy T. | Jan 7, 2018 | Study Tips
Did you know that the best CPCU® community resource can actually be found outside of The Institutes Chat Facebook group?
One of the thriving best resources for a CPCU student is a Facebook group called CPCU Candidates. The members of this Facebook group regularly visit the page and reply to comments posted, giving encouragement and answering questions, so you really get the feeling like you are part of the CPCU family. Lots of people go there to share their stories of success or failure, and they get tons of support and advice. Many will also post practice questions they got wrong and ask for explanations as to what they missed, with lots of feedback provided. We highly recommend that all prospective CPCU students join this free Facebook group.
Ace your AINS® & CPCU® exams with the help of our study materials!
Disclaimers: The Institutes, CPCU®, and AINS® are trademarks of the American Institute For Chartered Property Casualty Underwriters, d/b/a The Institutes. InsuranceExamGuides.com is not affiliated or associated with The Institutes in any way, and The Institutes do not endorse, approve, support, or otherwise recognize InsuranceExamGuides.com or its products or services. CPCU® and AINS® are registered trademarks of The Institutes. All rights reserved.
by Stacy T. | Jan 7, 2018 | CPCU 500, CPCU 520, CPCU 530
Several of the CPCU® textbooks make reference to reinsurance without clearly explaining what that is. The only course that gives a detailed explanation is CPCU 520, but even then, they make references to reinsurance before the reinsurance chapter. If you don’t work for a reinsurance company or deal with them as part of your job, you may be at a disadvantage as you won’t fully understand what the textbook is discussing. As such, this tip is designed to give you a basic but sufficient explanation.
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