23 Nov Changes to the CPCU 557 online course material
The Institutes has updated the course materials for their CPCU courses to a new “online” version. New exams for CPCU 555, 556, and 557 will start on January 15, 2021.
The vast majority of the course content for the new CPCU 557 is the same as what was in the 3rd edition textbook. Below is an outline of the new book and how it compares to the old material. Here at BigDaddy U, we refer to the chapters as Modules and the subsections within those chapters as Learning Objectives (LOs).
- Module 1 – Examining Building and Personal Property Coverage
- Very similar to the old Module 1
- Module 2 – Applying Building and Personal Property Conditions
- Very similar to the old Module 2
- Old LOs 5 (Commercial Property Endorsements) and 6 (Factors Affecting Premiums) removed
- Very similar to the old Module 2
- Module 3 – Examining Business Income Coverage
- Very similar to the old Module 3
- Module 4 – Mitigating Crime Losses
- Very similar to the old Module 4
- Old LO 7 (Equipment Breakdown Insurance) removed
- Very similar to the old Module 4
- Module 5 – Examining Commercial General Liability Coverages
- Very similar to the old Module 6
- Old LO 6 (Supplementary Payments) removed
- Very similar to the old Module 6
- Module 6 – Applying Commercial General Liability Coverages
- Very similar to the old Module 7
- Old LO 4 (Rating CGL Coverage) removed
- NEW LO added – Modifying the CGL Coverage Form
- Covers endorsements added to the CGL
- Very similar to the old Module 7
- Module 7 – Analyzing the Business Auto Coverage Form
- Very similar to the old Module 8
- Old LOs 5 (BCF Conditions), 6 (Endorsements), and 7 (Rating Commercial Auto Insurance) removed
- NEW LO added – Recommending Commercial Auto Endorsements
- This is similar in title to the old LO 6, but the content is different
- Very similar to the old Module 8
- Module 8 – Managing Payments for Employee Illness and Injury
- Very similar to the old Module 9
- Old LO 7 (Rating Workers Compensation Insurance) removed
- Very similar to the old Module 9
- Module 9 – Meeting Other Commercial Coverage Needs
- This module has a lot of new content covering topics on Equipment Breakdown, Inland Marine Transportation Coverage, Businessowners Property Coverage, Farm Insurance, and Excess and Umbrella Liability Insurance.
- Some of these topics are covered in our old Module 10 – LOs 2 & 4 and Module 11 – LO 1
- This module has a lot of new content covering topics on Equipment Breakdown, Inland Marine Transportation Coverage, Businessowners Property Coverage, Farm Insurance, and Excess and Umbrella Liability Insurance.
- All of the old Module 5 and most of the old Modules 10 & 11 were removed from the new course material.
If you are using our 3rd edition BDU CPCU 557 study materials in conjunction with the new online course material from The Institutes, you will likely be well prepared for your exam. Just make sure to pay special attention to which Learning Objectives to skip and which sections are new and therefore not covered in our existing material. We will be updating our BDU CPCU 557 study materials, but the 557 materials may not be ready until late spring or early summer 2021. Please email help@bigdaddyu.com if you have any questions.
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.
Vanitha Giriprakash
Posted at 06:22h, 06 DecemberWhen will the updated materials and the details of update for CPCU 556 be available?
Elizabeth White
Posted at 19:36h, 17 DecemberWe can’t say for certain when we’ll have updated materials for CPCU 556 ready, but we do have an outline of the changes here: https://bigdaddyu.com/2020/12/08/changes-to-the-cpcu-556-online-course-material/
Amber
Posted at 12:30h, 13 JanuaryJust checking if there is any update on timing for these updates to be made. I would really like to use your study guides for my test, but cannot afford both this and the institutes guides. Thank you.
Elizabeth White
Posted at 13:21h, 13 JanuaryWe don’t have a good estimate for when the CPCU 557 update will be complete, but it will likely be late spring 2021 at the earliest.
Rajeswari Sathyamurthy
Posted at 16:40h, 07 MarchDo you have the updated materials for CPCU 557?
Elizabeth White
Posted at 08:50h, 08 MarchWe do not yet have the updated CPCU 557 study materials completed. It will likely be summer 2021 before they are done.
KA
Posted at 14:09h, 15 JuneHello! Just wondering if you had an estimated date 557 will be updated. Thank you!
Elizabeth White
Posted at 15:46h, 15 JuneWe’re hoping to have the updated CPCU 557 study materials completed in July 2021.
LUZ STEWART
Posted at 21:34h, 25 JuneHello! Have the materials for CPCU 557 been updated? I purchased your old materials from 2017, but did not pass after a few attempts. I planning on retaking the test, but looking for updated materials. Also, thank you, all the CPCU videos have been extremely helpful. I only have two tests left.
Elizabeth White
Posted at 07:50h, 27 JuneYes, our CPCU 557 study materials are up to date with the current exams. Please send an email to help@bigdaddyu.com, and we can get you the updated study materials.