Changes to the CPCU 551 online course material

17 Dec Changes to the CPCU 551 online course material

The Institutes has updated the course materials for their CPCU courses to a new “online” version. New exams for CPCU 551, 552, and 553 will start on January 15, 2021.

The topics covered in the new 1st edition online CPCU 551 have not changed dramatically from those in the 3rd edition textbook; however, the new book is about two thirds the size of the previous version. 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 – Managing Commercial Property Risks
  • LO 1 – NEW – “Analyzing Commercial Property Loss Exposures”
  • LO 2 – NEW – “Dimensions of Loss and Data Credibility“
  • LO 3 – similar to the old Module 1 – LO 2
  • LO 4 – NEW – “Risk Financing Goals“
  • LO 5 – NEW – “Risk Financing Techniques“
  • LO 6 – NEW – “Selecting Appropriate Risk Financing Techniques“
  • LO 7 – NEW – “Determining Insurable Interest”
• Module 2 – Examining Building and Personal Property Coverage
  • LO 1 – similar to the old Module 2 – LO 2
  • LO 2 – similar to the old Module 2 – LO 3
  • LO 3 – similar to the old Module 2 – LO 4
  • LO 4 – similar to the old Module 2 – LO 5
  • LO 5 – similar to the old Module 3 – LO 1
• Module 3 – Applying Building and Personal Property Conditions
  • LO 1 – similar to the old Module 3 – LO 2
  • LO 2 – similar to the old Module 3 – LO 3
  • LO 3 – similar to the old Module 3 – LO 4
  • LO 4 – similar to the old Module 1 – LO 4
  • LO 5 – similar to the old Module 4 – LO 1
• Module 4 – Determining Appropriate Coverage Extensions
  • LO 1 – condensed version of the old Module 10 – LO 1
  • LO 2 – similar to the old Module 10 – LO 2
  • LO 3 – similar to the old Module 10 – LO 3
  • LO 4 – condensed version of the old Module 5 – LOs 4, 5, & 6
  • LO 5 – condensed version of the old Module 4 – LOs 2, 4, 5, & 6
• Module 5 – Managing Disaster and Unique Losses
  • Very similar to the old Module 6.
• Module 6 – Examining Business Income Coverage
  • LO 1 – similar to the old Module 7 – LO 1
  • LO 2 – similar to the old Module 7 – LO 3
  • LO 3 – similar to the old Module 7 – LO 4
  • LO 4 – similar to the old Module 7 – LO 5
  • LO 5 – similar to the old Module 7 – LO 6
• Module 7 – Selecting Appropriate Business Income Coverage
  • LO 1 – similar to the old Module 7 – LO 7
  • LO 2 – similar to the old Module 7 – LO 8
  • LO 3 – similar to the old Module 7 – LO 9
• Module 8 – Covering Property in Transit
  • LO 1 – similar to the old Module 8 – LO 1
  • LO 2 – similar to the old Module 8 – LO 3
  • LOs 3, 4, & 5 – similar to the old Module 8 – LO 4
• Module 9 – Mitigating Crime Losses
  • Very similar to the old Module 9.
    • Old LO 7 has been removed.
• Module 10 – Meeting Other Commercial Coverage Needs
  • LO 1 – similar to the old Module 5 – LO 1
  • LO 2 – similar to the old Module 5 – LOs 2 & 3
  • LO 3 – condensed version of the old Module 11 – LO 1
  • LO 4 – NEW – “Evaluating Businessowners Property Coverages“
  • LO 5 – similar to the old Module 11 – LO 5
  • LO 6 – similar to the old Module 11 – LO 6
  • LO 7 – condensed version of the old Module 12 – LO 4

• The list of Learning Objectives from the old book that have been completely removed are as follows:
  • Module 1 – Learning Objectives 1 & 3
  • Module 2 – Learning Objective 1
  • Module 3 – Learning Objective 6
  • Module 4 – Learning Objective 3
  • Module 5 – Learning Objective 7
  • Module 7 – Learning Objective 2
  • Module 8 – Learning Objective 2
  • Module 9 – Learning Objective 7
  • Module 11 – Learning Objectives 2 & 3
  • Module 12 – Learning Objectives 1, 2, & 3

If you are using our 3rd edition BDU CPCU 551 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 551 study materials, but the 551 materials may not be ready until late spring or early summer 2021. Please email help@bigdaddyu.com if you have any questions.

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