BigDaddy U | Changes to the CPCU 540 3rd Edition Textbook
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Changes to the CPCU 540 3rd Edition Textbook

Changes to the CPCU 540 3rd Edition Textbook

The Institutes has updated their CPCU 540 textbook and will be testing students over the new content for exams starting on July 15, 2018. Below you will find a summary of the differences between the old textbook (2nd edition) and the new textbook (3rd edition).

  • Chapter 3 – Learning Objective 4 from the old textbook has been split into two Learning Objectives in the new textbook. The information is still the same, but Learning Objective 4 is now “Financial Ratios: Efficiency and Probability” and Learning Objective 5 is “Financial Ratios: Liquidity and Leverage.”
  • Chapter 7 from the old textbook has been split into two new chapters.
    • The new Chapter 7 contains Learning Objective 1 from the old book plus three new Learning Objectives titled “Financial Intermediation,” “Financial Institution Risks,” and “Fintech and Insurtech.”
    • The new Chapter 8 contains all the remaining Learning Objectives from the old Chapter 7 plus one new learning objective titled “Derivatives.”
  • Chapter 10 from the old textbook is now Chapter 11 with one new Learning Objective titled “The NAIC Risk Management and Own Risk and Solvency Assessment.”
  • Chapter 12 from the old textbook (“The Underwriting Cycle”) has been completely removed.

 

***As of July 2018, we have been shipping the new updated study guides. If you have the old study guide and need an updated copy, please send us an email at help@bigdaddyu.com.

 

CPCU® and AICTM are trademarks of the American Institute For Chartered Property Casualty Underwriters, d/b/a The Institutes. BigDaddy U is not affiliated or associated with The Institutes in any way, and The Institutes do not endorse, approve, support, or otherwise recognize BigDaddy U or its products or services.

13 Comments
  • Jay
    Posted at 10:59h, 24 May Reply

    What about CPCU 555? Do you any updated material for this one?

    • Elizabeth White
      Elizabeth White
      Posted at 12:00h, 24 May Reply

      We’ve just finalized the updated study guide for CPCU 555. They should be in stock and available for shipping within a couple weeks. Feel free to email help@bigdaddyu.com if you have any questions!

      • Jay
        Posted at 07:14h, 31 May Reply

        Thank you for your quick response.

  • Clay Merkel
    Posted at 14:35h, 01 June Reply

    I bought the study materials (book & DVDs) for 540 last year. I failed the test and will be taking it again this September. Will I need to repurchase the newer version of the 540 study materials for the 3rd edition?

    • Elizabeth White
      Elizabeth White
      Posted at 15:47h, 06 June Reply

      No need to re-purchase the study materials. Just send us an email at help@bigdaddyu.com and let us know, and we’ll send you the updated study guide when it’s ready.

  • Staci Hughes
    Staci Hughes
    Posted at 22:17h, 23 June Reply

    Are the videos currently online updated with the new material?

    • Elizabeth White
      Elizabeth White
      Posted at 08:09h, 24 June Reply

      As of today, June 24, 2018, the videos are still from the 2nd edition study materials. We will be updating the videos on the website when we finish recording them. Our goal is to have the new study material completely updated by the end of July.

  • Michelle Greene
    Posted at 11:08h, 16 August Reply

    Just checking back in to see if the new materials are available for the 540.

    • Elizabeth White
      Elizabeth White
      Posted at 13:21h, 16 August Reply

      Yes, we have completed the update and have the new study materials in stock and available for shipping.

  • Linda Wright
    Posted at 10:30h, 28 September Reply

    How can I get a copy of the new study guide & DVD?

  • Linda W.
    Posted at 10:32h, 28 September Reply

    Has the 530 material changed or it is just the 540?

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