CPCU 530 case studies
CPCU 530 · Put your knowledge to work in context.
CPCU 530: Applying Legal Concepts to Insurance is one of the core courses in The Institutes' CPCU designation program, sitting alongside CPCU 500, 520, 540, and 550. The CPCU is a professional designation for risk management and insurance practitioners, and the core courses build the business, operational, financial, data, and legal foundation that concentration courses (CPCU 551, 552, 555, 556) and electives then extend. The CPCU 530 case studies are 5 cases and about 4,378 words.
1Binding Authority Beyond the Producer Agreement
Northgate Mutual appointed Corbin Insurance Agency under a written producer agreement that limited binding authority to 500,000 per risk and expressly excluded new-construction risks. Over three years, Northgate's underwriters accepted certificates Corbin issued for construction accounts with 1.2 million umbrella limits, and Northgate's premium department billed and collected the premium.
823 words, about 4 min2Collapse, Hidden Decay, and the Earth Movement Exclusion
Ridgeline Retail owns a 1974 single-story building insured on a special form. The policy covers 'risk of direct physical loss' and adds coverage for 'collapse' caused by 'hidden decay.' It excludes earth movement, including 'settling, shrinking, and expansion of soil,' and faulty design.
919 words, about 5 min3Snow Removal, Comparative Fault, and Subrogation
Halberd Markets leases space in a strip mall. The lease makes the landlord responsible for common-area snow and ice removal but gives Halberd a right to self-help if the landlord fails to act within 24 hours after written notice.
895 words, about 4 min4Assignment After Sale, Mortgagee Rights, and the Unendorsed Policy
Pinehurst Holdings contracted to sell its 60,000-square-foot warehouse to Delta Freight for 2.4 million, with closing set for July 1. The property policy ran January 1 to January 1 and contained a mortgagee clause for First Meridian Bank and a condition: 'Assignment of this policy will not be valid unless we consent in writing.' The sale closed on July 1.
832 words, about 4 min5Late Proof of Loss, Waiver, and the Adjuster's Assurance
On June 2, a hailstorm damaged the roof of a restaurant insured by Summit Casualty. The adjuster inspected on June 6 and sent a letter that day: 'Please submit a signed, sworn proof of loss within 60 days.' The policy makes proof of loss a condition precedent to suit.
909 words, about 5 min