The Katie School encourages students seeking a career in insurance to pass as many courses as possible leading toward industry designations and certifications. Related designations are:
Contrary to appearances, these designation programs are not limited to people seeking a job in underwriting. The courses apply to all functions of the insurance and finance industries. Although it is unlikely that a student would be able to attain a full designation before graduating, it is possible to successfully complete one or more of the required courses.
The Chartered Property Casualty Underwriter (CPCU) designation program consists of four foundation courses, one elective course (not shown) and three courses in either the personal lines or the commercial lines concentration:
Much of the insurance coursework offered through the Katie School corresponds with the material included in some of the CPCU exams on either of these paths.
You can earn two course waivers towards the CPCU designation through The Institutes. To qualify, students must earn a "B" or better as their final grade in approved coursework. More information and the online application for the waiver is available here.
At the page, the student will be prompted by The Institutes to fill out an application requesting personal information and details on which class, who the professor was, and a copy of their transcript. You may get a transcript printed at the ISU Registrar, scanned it to a PDF, and attached it to my waiver application. Students obviously need to have an Institutes account already made and allow 10 business days for the Institutes to process the request.
The following courses and CPCU exams have similar material.
CPCU 551 - Commercial Property Risk Management and Insurance
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Corresponding Coursework: |
FIL 350 - Property Insurance |
Corresponding Material: |
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CPCU 520 - Insurance Operations, Regulations, and Statutory Accounting
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Corresponding Coursework: |
FIL 355 - Insurance Company Operations |
Corresponding Material: |
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*Two-thirds of the CPCU 520 material is covered in FIL 355.
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Pursuing a CPCU designation has many benefits. Five Katie School students in pursuit of their CPCU designations attended the 2015 CPCU Society Annual Meeting and Seminars in Indianapolis, Indiana sponsored by the Central Illinois Chapter.
The Katie School supports students pursuing professional designations by providing students with:
Please note that all awards are paid to the ISU Financial Aid Office and credited to the student's account. To be eligible for the CPCU award a student must successfully complete the CPCU course and apply for the award either while enrolled as a student at Illinois State University, or within six months of graduation.
In view of the new minor in Financial Planning offered by the Finance, Insurance, and Law Department and the Katie School of Insurance and Financial Services industry partner's desire for students to have enhanced financial acumen, and professional designations, the Katie School is encouraging participation in the Chartered Financial Consultant curriculum.
The Chartered Financial Consultant (ChFC) designation program has 9 courses: 7 required and 2 elective (not shown).
For more information about the ChFC designation, curriculum, and materials visit the ChFC Advanced Financial Planning Programs of Study page.
For more information regarding the ChFC independent study please see the information sheet or contact Dr. Edgar Norton or Jim Jones.
Started in January 2010, students can earn 3 credit hours for an independent study in insurance (CPCU/IIA) or finance (only ChFC) by following these steps:
The sponsorship list includes, but is not limited to:
The American Institute for CPCU and Insurance Institute of America surveyed designation holders about the value of such a designation and found that: