CPCU® 540 PRACTICE EXAM COURSE
The practice exam course consists of over 440 practice questions and two complete practice exams formatted exactly like the actual CPCU® exam. This course is intended to mimic the question format of the CPCU® exam as closely as possible to give you a “real exam” feel.
AssociatePI is owned and managed by CPCU® designees. Our courses and practice exams are written by CPCU® designees that have passed their exams and earned their designation.
We have been in your shoes. We know how difficult these exams are. We know how overwhelming it is to study and memorize the hundreds of pages of complex insurance topics. That’s why we designed our online course that simplifies the studying process, helping you better prepare to pass your exam with less stress and less studying.
We write our practice exams to give you a “real exam feel”. Our practice exam questions are tough, just like the actual CPCU® exam, intended to fully prepare you for the type of questions and format of questions that you will see on the actual exam.
This course will provide a practice question (over 440 in total) for every section and topic of the CPCU® 540 exam. This course is updated according to the latest edition of the CPCU® 540 exam, this course is up to date with the current content of the exam.
This course is only recap questions and practice exams. For the full online course and study guide, see our CPCU® 540 Comprehensive Online Course.
Realistic Format. Real Exam Feel. Over 440 Practice Questions.
Stop struggling. Prepare for your exam with real practice exam questions formatted exactly like the actual CPCU® exam. Course benefits include:
- REAL EXAM FEEL – No more fluff questions that don’t prepare you for the exam. We write our practice exams to give you a “real exam feel”. Our practice exam questions are tough, just like the actual CPCU® exam, intended to fully prepare you for the type of questions and format of questions that you will see on the actual exam.
- FULLY PREPARED TO PASS – Fully prepare to pass the exam. No more struggling to recall information when taking your exam, no more forgetting the minor details, and no more uneasy feelings of unpreparedness when you sit for the exam.
- PASS YOUR EXAM (99% PASS RATE) – No more stress. You are going to pass. Thousands have used the AssociatePI program and courses, with these exact practice exams, to pass their exams with a 99% exam pass rate (compared to the industry average 70% pass rate).
- PRACTICE MAKES PERFECT – You cannot pass this exam without practicing. With over 440 questions in our practice exam course, including two complete practice exams built to give you a realistic exam experience and hundreds of recap questions ensuring you understand each exam topic, you will be more than prepared to pass the official exam on your first attempt.
- BY CPCU® DESIGNEES FOR CPCU® STUDENTS – AssociatePI is owned and managed by CPCU® designees. Our courses and practice exams are written by CPCU® designees that have passed their exams and earned their designation.
- ONLINE. MOBILE. PRINTABLE – Your online course is completely online, mobile compatible, printable, and available as an app. Suitable for any studying style.
440+ PRACTICE EXAM QUESTIONS.
Prepare for the CPCU® 540 exam with real practice questions formatted exactly like the actual exam.
- 440+ PRACTICE QUESTIONS – Quiz questions for each topic of the CPCU® 540 exam to ensure you grasp the main concepts.
- 2 COMPLETE PRACTICE EXAMS – 85 questions each, formatted exactly like the actual CPCU® 540 exam (with the same number of exam questions) to give you a “real exam” feel.
- QUIZ EXPLANATION – Detailed explanation about the correct answer for every quiz question.
- MEMORIZE THE FORMULAS – A section for each chapter dedicated to helping you memorize the formulas (the hardest part of the CPCU® 540). Including a unit and quiz of each chapter dedicated to reviewing the most important formulas, ensuring you grasp the primary concepts (there are 80+ formulas to memorize for this exam).
- CPCU® INSIGHT – Course includes our insight detailing what to expect from each chapter on the CPCU® 540 exam, detailed answer explanation of each quiz question, and our personal email support to provide advice on any question or exam topic.
- MOBILE APP – Download the AssociatePI mobile App and study on the go! Perfect for your commute to work.
- REAL EXAM FEEL – Quiz questions designed to mimic the format of the actual CPCU® 540 exam to give you a “real exam feel” and fully prepare you for the type of questions you will see.
This course covers the following topics:
- Finance and Accounting
- Financial Statements
- Analyzing Statements
- Statutory Accounting
- Insurance Annual Reports
- Financial Valuations
- Investment Market
- Investment Portfolio
- Insurer Capital
- Managing Capital
- Changing Ownership
Please see below for the full course curriculum.
Q: What Type Of Course Is This?
A: This course is entirely online and self-study. Study at your own pace and navigate through our series of text-based modules, quizzes, and practice exams. The online course is mobile compatible and hosted on AssociatePI’s website. You will be prompted to create an account, your account will sync with your online course. To access your course, log in to AssociatePI with your username and password.
Q: Do I Need To Purchase The Textbooks Or Any Other Study Material For Your Course?
A: That is completely up to you. Our CPCU® 540 Practice Exams Course is strictly practice questions if you want a complete course that covers all of the content of the CPCU® 540 exam then check out our CPCU® 540 Comprehensive Course. Our practice exams course includes:
- 440+ practice questions
- 2 complete practice exams (85 questions each just like the real exam)
- Answer explanation for each quiz question
- Unit and quiz dedicated to the most important topics
- Insight detailing what to expect from each chapter
- Mobile app
Q: What Edition Of The Course Is This?
A: This course is updated according to the latest edition of the exam; this course is up to date with the current exam content. Whenever the exam changes we update our online course to reflect the new content.
Q: The Content Of The Exam Is Changing. Do I Need To Purchase A New Course?
A: Nope! Our courses are automatically updated, at no cost to the user, each time the exam content changes. Whenever the exam changes we update our online course (during the downtime so it doesn’t disrupt studying) to reflect the new content. No need to buy a new course, your online course will always reflect the most up to date exam content.
Q: What’s Different About Your Course?
A: The major benefit of our online course is that each section and question was handcrafted by a CPCU® expert that has passed the CPCU® 540 exam, meaning we know exactly which topics are important and how the questions are formatted. By replicating the questions as closely as possible to the actual CPCU® 540 exam, we give our course and practice exams a “real exam” feel, helping our users better prepare for their exam.
Q: How Do I Know It Works?
A: Our online courses, practice exams, and resources have been used by thousands of personal and commercial insurance employees. We’ve personally helped thousands complete their CPCU® designation and most even come back to help us improve our courses after they pass!
I studied only 2 to 3 weeks per exam
“If you’re looking for a worthwhile alternative to combing through the textbooks, look no further. The interface is simple to use, and the information is streamlined and presented in an efficient manner. I studied an average of only 2-3 weeks per exam, and I felt well-prepared for each. AssociatePI is a total game changer. 10/10 would recommend.”
John D. Lloyd – Underwriter
Passed CPCU® 500, CPCU® 520, CPCU® 530, and CPCU® 540 with AssociatePI
Translated in an easier to understand format
“I ran into a brick wall with Finance and Accounting (CPCU® 540). There were so many formulas to comprehend and memorize, I just felt overwhelmed with all the material. Unfortunately, I took my exam and was unable to pass it my first go through. As you may know, the exams are not cheap, and I was determined not to waste my money on a failed attempt again. That’s when I stumbled across AssociatePI. I couldn’t have been more pleased. They were able to condense the information down and able translate it in an easier to understand format. I found this an excellent tool, and would recommend to anyone looking for an edge to get over the hump. No testimonial would be complete without the results; I passed!”
Wes Reynolds – Risk Management Associate
Passed CPCU® 540 with AssociatePI
|BEFORE YOU BEGIN|
|Before You Begin: How to Use This Course||Unlimited|
|Before You Begin: Download Study Guide – CPCU® 540||Unlimited|
|Before You Begin: Money Back Guarantee||Unlimited|
|About Exam – CPCU® 540||Unlimited|
|Before You Begin – Here to Help||Unlimited|
|Section I: The Finance Department|
|CPCU® 540 Section I – Before You Begin||Unlimited|
|Finance – Overview Recap||Unlimited|
|Finance – Department Duties Recap||Unlimited|
|Finance – Goals Recap||Unlimited|
|Accounting – SAP Recap||Unlimited|
|Accounting – GAAP Recap||Unlimited|
|Accounting – IFRS Recap||Unlimited|
|CPCU® 540 Section I – Formulas Recap||Unlimited|
|CPCU® 540 Section I – Final Review||Unlimited|
|Section II: Financial Reports|
|CPCU® 540 Section II – Before You Begin||Unlimited|
|Financial Reports – Balance Sheet Recap||Unlimited|
|Financial Reports – Income Statement Recap||Unlimited|
|Financial Reports – Statement of Cash Flows Recap||Unlimited|
|Financial Reports – Statement of Changes in Shareholders’ Equity Recap||Unlimited|
|Financial Reports – Disadvantages Recap||Unlimited|
|Financial Reports – GAAP Insurance Company Recap||Unlimited|
|Financial Reports – Insurer Additional Information Recap||Unlimited|
|CPCU® 540 Section II – Formulas Recap||Unlimited|
|CPCU® 540 Section II – Final Review||Unlimited|
|Section III: Analyzing Financial Reports|
|CPCU® 540 Section III – Before You Begin||Unlimited|
|Analyzing Financial Report – Methods Recap||Unlimited|
|Analysis Method – Ratio Recap||Unlimited|
|Analysis Method – Trend Recap||Unlimited|
|Analysis Method – Vertical Recap||Unlimited|
|CPCU® 540 Section III – Formulas Recap||Unlimited|
|CPCU® 540 Section III – Final Review||Unlimited|
|Section IV: SAP - Insurance Company|
|CPCU® 540 Section IV – Before You Begin||Unlimited|
|SAP – Insurance Company Recap||Unlimited|
|SAP – Annual Statement Recap||Unlimited|
|CPCU® 540 Section IV – Formulas Recap||Unlimited|
|CPCU® 540 Section IV – Final Review||Unlimited|
|Section V: Annual Reports - Insurance Company|
|CPCU® 540 Section V – Before You Begin||Unlimited|
|Annual Statement – Overview Recap||Unlimited|
|Annual Statement – Insurer Capacity Recap||Unlimited|
|Annual Statement – Insurer Liquidity Recap||Unlimited|
|Annual Statement – Insurer Profitability Recap||Unlimited|
|NAIC – Insurance Regulatory Information System Recap||Unlimited|
|Insurance Company Rating – A.M. Best Recap||Unlimited|
|CPCU® 540 Section V – Formulas Recap||Unlimited|
|CPCU® 540 Section V – Final Review||Unlimited|
|Section VI: Cash Flow Valuation|
|CPCU® 540 Section VI – Before You Begin||Unlimited|
|Valuations – Present Value Recap||Unlimited|
|Valuations – Uneven Payments Recap||Unlimited|
|Valuations – Net Present Value Recap||Unlimited|
|Valuations – Future Value Recap||Unlimited|
|Valuations – Rate of Return Recap||Unlimited|
|Valuations – Annuity Recap||Unlimited|
|Valuations – Ordinary Annuity Recap||Unlimited|
|Valuations – Annuity Due Recap||Unlimited|
|Valuations – Perpetuity Recap||Unlimited|
|CPCU® 540 Section VI – Formulas Recap||Unlimited|
|CPCU® 540 Section VI – Final Review||Unlimited|
|Section VII: The Investment Market|
|CPCU® 540 Section VII – Before You Begin||Unlimited|
|Investment Market – Overview Recap||Unlimited|
|Investment Market – Types Recap||Unlimited|
|Investment Market – Risk Recap||Unlimited|
|Investment Market – Intermediary Recap||Unlimited|
|Investment Market – Technology Recap||Unlimited|
|CPCU® 540 Section VII – Final Review||Unlimited|
|Section VIII: Investing|
|CPCU® 540 Section VIII – Before You Begin||Unlimited|
|Stock Investing – Overview Recap||Unlimited|
|Stock Investing – Price Analysis Recap||Unlimited|
|Stock Investing – Rate of Return Recap||Unlimited|
|Bond Investing – Overview Recap||Unlimited|
|Bond Investing – Types Recap||Unlimited|
|Bond Investing – Rate of Return Recap||Unlimited|
|Bond Investing – Risk Recap||Unlimited|
|Investing – Financial Statement Valuation Recap||Unlimited|
|Bond Investing – Rating Recap||Unlimited|
|Investing – Derivatives Recap||Unlimited|
|Investing – GAAP Reporting Recap||Unlimited|
|Investing – SAP Reporting Recap||Unlimited|
|CPCU® 540 Section VIII – Formulas Recap||Unlimited|
|CPCU® 540 Section VIII – Final Review||Unlimited|
|Section IX: Investment Portfolio|
|CPCU® 540 Section IX – Before You Begin||Unlimited|
|Portfolio – Measuring Risk Recap||Unlimited|
|Portfolio – Managing Risk Recap||Unlimited|
|Portfolio – Insurer Investment Regulations Recap||Unlimited|
|Portfolio – Bond Investments Recap||Unlimited|
|CPCU® 540 Section IX – Formulas Recap||Unlimited|
|CPCU® 540 Section IX – Final Review||Unlimited|
|Section X: Insurer - Financial Capital|
|CPCU® 540 Section X – Before You Begin||Unlimited|
|Insurer – Need for Capital Recap||Unlimited|
|Insurer – External Capital Recap||Unlimited|
|Insurer – Internal Capital Recap||Unlimited|
|Capital – Dividend Consideration Recap||Unlimited|
|CPCU® 540 Section X – Final Review||Unlimited|
|Section XI: Manage Company Capital|
|CPCU® 540 Section XI – Before You Begin||Unlimited|
|Company Capital – Structure Recap||Unlimited|
|Company Capital – Economic Capital Recap||Unlimited|
|Company Capital – Using Debt Recap||Unlimited|
|Company Capital – Using Premiums Recap||Unlimited|
|Company Capital – Insurer Requirements Recap||Unlimited|
|Company Capital – ORSA Recap||Unlimited|
|Company Capital – Combined Capital Cost Recap||Unlimited|
|Company Capital – Debt Cost Recap||Unlimited|
|Company Capital – Equity Cost Recap||Unlimited|
|Company Capital – Preferred Stock Cost Recap||Unlimited|
|CPCU® 540 Section XI – Formulas Recap||Unlimited|
|CPCU® 540 Section XI – Final Review||Unlimited|
|Section XII: Insurer - Changing Ownership|
|CPCU® 540 Section XII – Before You Begin||Unlimited|
|Insurer Ownership – Changes Recap||Unlimited|
|Acquisition – Analysis Recap||Unlimited|
|Acquisition – Purpose Recap||Unlimited|
|Acquisition – Process Recap||Unlimited|
|Acquisition – Takeover Evasion Recap||Unlimited|
|Acquisition – Valuation Recap||Unlimited|
|CPCU® 540 Section XII – Final Review||Unlimited|
|CPCU® 540 Practice Exam 1||Unlimited|
|CPCU® 540 Practice Exam 2||Unlimited|
|THE NEXT STEP|
|The Next Step||Unlimited|
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