The exam is the first step towards becoming licensed by the insurance company to serve as a certified public accountant. Upon completion, the applicant is considered to have passed the exam and will have a designation as a CPCU insured public accountant.
The exam is typically taken through the CPCU Insurance Carrier’s Training Department or through the CPCU Insurance Company website. Prior to taking the exam, an applicant should review the exam material and obtain a comprehensive understanding of its objectives, procedures and guidelines. The candidate should also have a working knowledge of the rules and regulations governing the CPCU Insurance designation. The candidate should also have a solid understanding of the concepts covered in the test.
Once the candidate has chosen the location in which to take the exam, they should schedule an appointment with a CPCU certified public accountant. The candidate can ask questions about the tests and study materials. The certified public accountant will also be able to assist the candidate during the entire exam process. The certified public accountant will also help the candidate with the study materials and answer any questions the candidate may have.
The candidate is expected to complete the test on time. Candidates are encouraged to take breaks throughout the examination period to make sure that they complete the examination in its entirety. Failure to complete the exam on time can result in cancellation of the CPCU Insurance designation and disqualification from the exam. If a candidate is unable to complete the examination on time, they should contact their CPCU Insurance Company immediately.
Before taking the exam, the CPCU Candidate must meet all state and federal qualification requirements. Candidates should also be in good health and physically able to pass the examination. If an applicant passes the state exam, they must then pass the state’s exam. They must complete a state exam retake before taking the national CPCU test. Insurance carrier exam.
If the applicant is unsuccessful at either state exam, they should notify their CPCU insurance carrier about the failing exam. In most cases, the CPCU Insurance carrier will request that the candidate take the nationally administered test in order to continue their certification process. This retest is usually offered in person, over the telephone or online.
A CPCU carrier cannot deny the candidate an exam if they are unsuccessful at the state exam. The CPCU insurance carrier will still provide the necessary documentation required to continue their certification. CPCU insurers will provide a detailed explanation of the steps needed to renew their CPCU insurance designation and provide an application for renewal.
When the applicant renews their CPCU insurance designation, they will receive a new insurance card. They should keep their card in a safe place. They should also carry this card with them when they go to the local office of the State Insurance Department. The State Insurance Department will provide a copy of the card to the CPCU insurer.
CPCU applicants must maintain a high degree of competence and knowledge before they are allowed to reapply for another CPCU designation. Candidates are expected to maintain their CPCU designation for five years following their first reapplication. Candidates must complete a CPCU exam every five years, unless reapplying for a CPCU Insurance designation on the same date.
CPCU candidates will not be permitted to take the exam for the first time until after they have been CPCU for five years. In many states, CPCU candidates will need to attend CPCU classes. CPCU training will provide all the information and tools a CPCU applicant needs to prepare for the exam. CPCU training courses are held locally or at CPCU schools in all states. Candidates can take the CPCU exam during their free time.
CPCU candidates will need to meet the state’s criteria for CPCU certification. Candidates can request a CPCU Insurance designation if they meet the state’s criteria. Candidates can apply for a CPCU designation online or by phone.