June 2006 E-UPDATE

FEATURES
1. AIAF PROGRAM REVISION
2. NEW ARPM PROGRAM REQUIREMENTS
3. 25,000th ARM COMPLETER

Information for all AICPCU and IIA programs, exams, and services is available at our Web site.

MAJOR CHANGE TO THE AIAF PROGRAM

The Institutes are making a significant change to the Associate in Insurance Accounting and Finance (AIAF) program to more closely align content with the practical needs of the insurance accounting/finance professional.

Beginning in 2007, the revised and renamed CPCU 540—Finance for Risk Management and Insurance Professionals course will replace AIAF 113—Insurance Company Finance as a requirement for completing the Institutes’ AIAF designation program. In addition to CPCU 540, the following courses are required to earn the designation: CPCU 520—Insurance Operation, Regulation, and Statutory Accounting, AIAF 111—Statutory Accounting for Property-Casualty Insurers, and AIAF 112—Insurance Information Systems.

The new CPCU 540 study materials will be available in August 2006, and exams on the new materials will be administered beginning with the January–March 2007, testing window.

More information on the new completer rules is available.
 

NEW ARPM PROGRAM REQUIREMENTS

The Institutes have made an agreement with the Insurance Educational Association (IEA) to include four Institutes’ courses in IEA’s Associate in Risk Pool Management (ARPM™) program, which is offered in cooperation with the California Association of Joint Powers Authority.

In addition to completing two ARPM courses given by the IEA, students enrolled in the program must pass the Institutes’ certification examination for each of the courses in the Associate in Risk Management (ARM) program and one specific course in the Chartered Property Casualty Underwriter (CPCU®) designation program: ARM 54—Risk Assessment, ARM 55—Risk Control, ARM 56—Risk Financing, and CPCU 530—The Legal Environment of Insurance. By passing all three ARM exams, students will earn the Institutes’ prestigious ARM designation.

For more information about the ARM and CPCU programs and to purchase study materials, visit our Web site or call (800) 644-2101. Information about the ARPM program is available on IEA’s Web site.

REMINDER
The CPCU Society’s 62nd Annual Meeting and Seminars will be held on September 9-12, 2006, in Nashville, Tennessee. You may register on the Society’s Web site.

NOTEWORTHY
The semi-annual student newspaper, The Malvern Examiner, will be sent electronically in the next few days.

NEXT ISSUE: August 2006

INSIDER INFO
A recording of our free June 6 Webcast, “Everyday Ethics—A Case-Study Approach to Making the Tough Calls,” is now available.

Dr. Norm Baglini, PhD, CPCU, and Mr. Chris Amrhein, AAI, used a case-study approach for this Webcast to highlight how personal experiences shape ethical choices and gave participants the practical tools they need to reach well-informed, ethical decisions.

HOW TO REACH US
American Institute for CPCU
Insurance Institute of America
720 Providence Road
P.O. Box 3016
Malvern, PA 19355-0716
Telephone: (800)644-2101 or (610) 644-2100
Email: cserv@cpcuiia.org

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25,000th ARM COMPLETER

The Institutes recently reached a significant milestone when Vicki Knudson became the 25,000th person to earn the respected Associate in Risk Management (ARM) designation. Ms. Knudson is a claim specialist for JMB Insurance in Chicago. In 1965, the ARM designation was created by the Insurance Institute of America in partnership with the Risk and Insurance Management Society, Inc. (RIMS).

The ARM designation is a demanding program consisting of three college-level courses which teach students how to assess risk, how to implement and monitor risk control measures, and how to finance risk. To earn the designation, Ms. Knudson, like all other ARM designees, passed three examinations—one for each course in the program.

More information about the Institute’s risk management programs is available.