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hzhang
12-08-2004, 08:52 PM
I am currently waiting for the results in order for me to decide whether I should go for CAS 5 next sitting. In the meanwhile of waiting, I would like to start some light reading for CAS 5. Is there fun materials that I could start with? I heard that some parts from CPCU are fun to read, but I was not able to identify them from the syllabus. I have all the web-based papers printed out. Which papers are fun to read?

Smooth Verona
12-09-2004, 09:12 AM
Read McClenahan. It is a great base for the rest of the exam. Plus, they will ask a lot of points from it.

Student2002
12-09-2004, 03:14 PM
Hardly qualifies as "fun", though.

Smooth Verona
12-09-2004, 03:28 PM
Sure it is. Better than the CPCU garbage. Anything (except for part 7) is better than that stuff.

Schroeder
12-10-2004, 11:48 AM
McClenahan and Finger are probably the most important papers, and not bad reads.

The CPCU stuff is easy to read and comprehend, but is also very boring.

statzman
12-11-2004, 02:57 AM
Don't worry if McClenahan is incomprehensible the first read. It took me 3 reads to really get it.

I agree, it does provide a good foundation for the rest of the exam.

Yoda
12-11-2004, 12:35 PM
I personally think that insurance operations would be fun to read. I read it a couple of times for the CPCU exam.

hzhang
12-12-2004, 07:36 AM
Now, I have heard two opposite opinions towards whether CPCU readings are fun/boring. I am confused, right now! :x Which side told me the true story?

Salzmann
12-12-2004, 10:30 PM
Depends on what you do in your day-to-day work and what you find interesting, I guess. I'm taking the actual CPCU exams (I'm an FCAS) and am finding the knowledge very practical and applicable to my work on a systems project and in evaluating pricing submissions. But, yes, the stuff on what's covered in individual policies (and the exclusions, and the exclusions to the exclusions) can get pretty boring.

ThaLetters
10-25-2006, 02:54 PM
Outta curiosity, which CPCU course(s) is related to Exam 5? I tried the search function but couldn't find anything specific. I may have some free time over the next few months so this could give me a headstart on preparing for 5.

Smooth Verona
10-25-2006, 03:08 PM
Outta curiosity, which CPCU course(s) is related to Exam 5? I tried the search function but couldn't find anything specific. I may have some free time over the next few months so this could give me a headstart on preparing for 5.
INS 22 - Personal Insurance - Wiening et al.
INS 23 - Commercial Insurance - Flitner and Trupin
CPCU 510 - Foundations of Risk Management and Insurance - Wiening
CPCU 520 - Insurance Operations, Regulation, and Statutory Accounting - Myhr and Markham

Andy The Clown
11-01-2006, 01:19 AM
http://www.casact.com/admissions/Exams_5-907.pdf

Does not copy too well, so use the link.

Exam 5
Delete: Lange, J.T., “The Interpretation of Liability Increased Limits Statistics.”
Malecki, D.S.; and Flitner, A.L., Commercial Liability Insurance and Risk Management.
Malecki, D.S.; Horn, R.C.; Wiening, E.A.; and Flitner, A.L., Commercial Liability Insurance
and Risk Management.
Trupin, J.; and Flitner, A.L., Commercial Property Insurance and Risk Management.
Webb, B.L.; Harrison, C.M.; and Markham, J.J., Insurance Operations and Regulation.
Wiening, E.A.; and Malecki, D.S., Insurance Contract Analysis.
Add: Flitner, A.L.; and Trupin, J. , Commercial Insurance (First Edition), American Institute for
Chartered Property Casualty Underwriters, 2004, pp. 1.3-1.16; 2.3-2.18 (up to Limits of
Insurance), excluding Exhibits 2-1 and 2-2; 3.3-3.15 (up to Other Commercial Property
Coverage Forms); 8.3-8.31; 9.3-9.25, excluding Exhibit 9-2; 12.3-12.32, excluding Exhibit
12-2; and 13.3-13.24 (up to Aircraft Insurance).
Myhr, A.E.; and Markham, J.J., Insurance Operations, Regulation, and Statutory Accounting
(Second Edition), American Institute for Chartered Property Casualty Underwriters, 2004, pp.
1.3-1.11 (up to Insurer Goals), 1.26-1.31 (up to the Summary); 3.3-3.17 (up to Convergence
of Traditional Marketing Systems); 4.3-4.28 (up to Underwriting Results), excluding Exhibits
4-1 and 4-3; 5.3-5.37, excluding Exhibits 5-1, 5-2, 5-3, and 5-4; 6.3-6.41 (up to Underwriting
Umbrella and Excess Liability Insurance), excluding Exhibits 6-1, 6-2, and 6-3; 8.40-8.41
2
(Summary Section only); 9.3-9.30 (up to Adjusting Specific Types of Property Claims),
excluding Exhibits 9-1, 9-2, and 9-3; and 10.3-10.30 (up to Adjusting Specific Types of
Liability Claims).
Palmer, J.M., “Increased Limits Ratemaking for Liability Insurance,” CAS Study Note, 2006.
Wiening, E.A., Foundations of Risk Management and Insurance (FIRST Edition must be
used), American Institute for Chartered Property Casualty Underwriters, 2002, pp.1.3-1.15
(up to Classification of Risks), excluding Exhibits 1-1 and 1-2; 4.3-4.14; 5.3-5.14 (up to
Financial View of Insurance); 6.3-6.12 (up to Government Insurance); 8.3-8.10; 9.3-9.14,
excluding Exhibit 9-1, 11.3-11.19 (up to Analyzing an Insurance Policy); 12.3-12.16 (up to
Maintaining Coverage), 12.32-12.34 (Salvage and Subrogation section); and 17.7 (from
Procedures to Resolve Coverage Disputes) -17.14, excluding Exhibits 17.1-17

Irish Blues
11-03-2006, 02:59 PM
Essentially ... aside from the ISO stuff and the Hurricane Model paper (which now appear to be the entire 2007 Study Kit), if it was in the Study Kit for 2006, it's now out.

Or ... you use the new link (http://www.casact.org/admissions/syllabus/index.cfm?fa=exam5).

Anderson's "Insurance to Value" is updated ... last time it was a February 2005 version, this time it's from July 2006. The new stuff is in the CAS library.

pearl
11-07-2006, 03:08 PM
does anyone have any ideas about the best order to go through all the papers/topics??

THANKS!

carrytheCrøss
11-07-2006, 03:41 PM
does anyone have any ideas about the best order to go through all the papers/topics??

THANKS!
Granted, much of the CPCU readings ("Week 7" and a few others in the forthcoming link) have changed, but here's a start:

http://www.actuarialoutpost.com/actuarial_discussion_forum/showthread.php?t=45348&highlight=order