CPCU study plan

Define risk, peril, hazard, and loss exposure, and classify four original examples by hazard type (physical, moral, morale, legal).

Map avoidance, prevention, reduction, retention, transfer, and insurance to six original scenarios and justify each choice in one sentence.

Explain how insurable interest, indemnity, subrogation, and utmost good faith determine whether a loss is payable.

Trace one property loss and one liability loss from exposure through claim payment, naming the principle that governs each step.

Sequence the policy lifecycle from submission to renewal and name the operating function that owns each step.

Contrast the underwriting, claims, actuarial, and marketing functions in terms of how each contributes to an underwriting profit.

Compute loss ratio, expense ratio, and combined ratio from three sets of self-created hypothetical figures and interpret each result.

Distinguish admitted from surplus lines insurers and stock from mutual insurers on ownership, regulation, and policyholder rights.

Differentiate named-peril, special-form, and blanket commercial property forms by their coverage trigger and valuation basis.

Calculate a coinsurance penalty and compare replacement cost with actual cash value outcomes for the same loss.

Contrast CGL occurrence and claims-made triggers and explain the effect of the retroactive date and extended reporting period.

Distinguish the coverage territory of commercial auto, workers compensation, and umbrella/excess liability forms.

Map business income and extra expense coverage onto a disruption timeline from date of loss through restoration.

Compare HO-3, HO-4, and HO-5 forms on perils covered and on the property and liability limits each provides.

Identify Parts A through D of the personal auto policy and select the responding part for four original loss scenarios.

Separate flood and earthquake exposures from standard homeowners perils and explain the role of NFIP and difference-in-conditions coverage.

Re-teach every missed item from weeks 1 through 3 and restate the corrected rule in your own words.

Locate insurer-specific line items (loss reserves, unearned premium reserve, policyholders' surplus) on a sample balance sheet and income statement.

Compute loss ratio, expense ratio, combined ratio, and investment income ratio from hypothetical figures and explain how each is used.

Explain how loss reserves and reinsurance recoverables affect reported equity and reported underwriting results.

Distinguish statutory accounting from GAAP on at least four specific items and state why the difference matters to regulators.

Compare retention, self-insurance, and captive arrangements on cost, control, and earnings volatility.

Explain quota share, surplus share, excess of loss, and stop loss treaties and identify which is proportional and which is not.

Calculate ceded and retained losses at three loss levels for one quota share treaty and one excess-of-loss treaty.

Explain how reinsurance purchases affect a primary insurer's capacity and its regulatory solvency margin.

Apply SWOT and Porter's five forces to the market position of a hypothetical regional insurer.

Match a managerial response to each stage of team development and justify the match.

Contrast functional and divisional structures in terms of how each distributes underwriting authority and affects communication flow.

Match motivation and leadership theories to four realistic insurance workplace scenarios and defend each match.

Apply the professional ethical canons to six original dilemmas and justify each recommended course of action.

Distinguish a conflict of interest, a fiduciary duty, and a prohibited unfair trade practice under state insurance regulation.

Execute a stated ethical decision-making framework end to end on one dilemma, documenting each step.

Complete two timed mixed practice sets and rework every missed item until the underlying rule can be stated without notes.