The CPCU and IIA Programs

The CPCU^{^{^®}} and IIA Programs

Each designation listed below provides course numbers and course names.

With each course, I have also included the recent National Pass Ratios as of May 1, 2007 and the National Pass Ratios as of November 1, 2004 (for comparison) as published by the AICPCU and IIA on their website at this link.

And, I have included the recent pass ratios of patrons of The Burnham System as determined by Culliton and Fanning, LLC, CPAs for the years 2002 and 2003, combined. Those reports are available for 2001, 2002, 2003, 2004, 2005, and 2006. Here's your link.

Here are the overall results for each of the six years:

                 2001 -- 98.1%
             2002 -- 97.4%
             2003 -- 96.4%
             2004 -- 97.2%
             2005 -- 96.2%
             2006 -- 98.4%

Note: The National Pass Ratios include the results of my patrons.
That means the National Pass Ratios would be even lower if they did not.

Example: The National Pass Ratio for CPCU 510 is 67.3%.
The Burnham System Pass Ratio for CPCU 510 is 97.1%.
If 10% of all candidates used The Burnham System, then the pass ratio for students who did not use The Burnham System would be 64.0%.

That's really the comparison, since you get to decide if you want, for example, a 97.1% chance of passing or a 64.0% chance of passing.

Simply, click on the course number to the left to go to its table of contents and from there, on the left again, to view a sample assignment. In all cases, the sample assignment is Assignment 1, my responses to the Educational Objectives, only.

My responses to the Educational Objectives are the backbone of The Burnham System for every course.

Audio CDs are available if so indicated.

Contents of the free Bonus Material (not sold separately) are also listed for each course.

ORDER The Burnham System for CPCU

If you’re interested, here is a link for Ray’s grades for the Institutes’ courses.

Ray's Grades

CLICK on the LINKS Below
Sample assignments are intentionally slightly out-of-date.	Chartered Property and Casualty Underwriter Courses
CPCU 510	*Foundations of Risk Management, Insurance, and Professionalism* (audio CDs are *not* yet available) National Pass Ratio: 66.3%, previously 67.3%. Burnham System Pass Ratio: 97.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 520	*Insurance Operations and Regulation* (audio CDs are available) National Pass Ratio: 64.7%, previously 70.7%. Burnham System Pass Ratio: 97.2%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 530	The Legal Environment of Insurance (audio CDs are not yet available) National Pass Ratio: 72.4%, previously 64.7%. Burnham System Pass Ratio: 94.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 540	Business and Financial Analysis for Risk Management and Insurance Professionals (audio CDs are not yet available) National Pass Ratio: 70.8%, previously 71.5%. Burnham System Pass Ratio: 96.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 560	Financial Services Institutions (audio CDs *are* available) National Pass Ratio: 74.3%, previously 71.2%. Burnham System Pass Ratio: 95.8%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 551	*Commercial Property Risk Management and Insurance* (Commercial Concentration) (audio CDs are not yet available) National Pass Ratio: 70.1%, previously 59.8%. Burnham System Pass Ratio: 95.5%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 552	Commercial Liability Risk Management and Insurance (Commercial Concentration) (audio CDs are available) National Pass Ratio: 75.4%, previously 73.8%. Burnham System Pass Ratio: 96.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 553	Survey of Personal Risk Management, Insurance, and Financial Planning (Commercial Concentration) (audio CDs are not yet available) National Pass Ratio: 75.4%, previously 78.4%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
CPCU 555	Personal Risk Management and Property-Liability Insurance (Personal Concentration) (audio CDs are not yet available) National Pass Ratio: 75.3%, previously 78.6%. Burnham System Pass Ratio: 98.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 556	Personal Financial Planning (Personal Concentration) (audio CDs are available) National Pass Ratio: 69.8%, previously 65.1%. Burnham System Pass Ratio: 96.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and an answer key to the Institute's sample exam.
CPCU 557	Survey of Commercial Risk Management and Insurance (Personal Concentration) (audio CDs are available) National Pass Ratio: 79.6%, previously 69.7%. Burnham System Pass Ratio: 93.3%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.

	Supervisory Management Courses
SM 18/348	Essentials of Supervision (audio CDs are not available) National Pass Ratio: 78.2%, previously 87.0%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and my answers to the application questions.
SM 19/349	Supervisory Skills (audio CDs are available) National Pass Ratio: 73.2%, previously 83.5%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and my answers to the application questions.

	Introductory Courses
Intro 20/320 Intro to Insurance	Introduction to Property and Liability Insurance (audio CDs are available) National Pass Ratio: 80.5%, previously 81.5%. Burnham System Pass Ratio for all four Intro courses, combined: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
Intro 30/330 Intro to Claims	Introduction to Claims (audio CDs are not available) National Pass Ratio: 71.4%, previously 77.9%. Burnham System Pass Ratio for all four Intro courses, combined: 100%. There is no bonus material for this course.
Intro 50/350 Intro to Risk Management	Introduction to Risk Management (audio CDs are available) National Pass Ratio: 73.2%, previously 78.1%. Burnham System Pass Ratio for all four Intro courses, combined: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
Intro 60/360 Intro to Underwriting	Introduction to Underwriting (audio CDs are available) National Pass Ratio: 78.9%, previously 76.5%. Burnham System Pass Ratio for all four Intro courses, combined: 100%. Bonus material includes my answers to the review questions and group discussion questions and my definitions of the key words and phrases.

	General Insurance Courses
INS 21	Property and Liability Insurance Principles (audio CDs are available) National Pass Ratio: 73.8%, previously 76.0%. Burnham System Pass Ratio: 98.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
INS 22	Personal Insurance (audio CDs are not yet available) National Pass Ratio: 74.0%, previously 72.7%. Burnham System Pass Ratio: 95.7%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
INS 23	Commercial Insurance (audio CDs are available) National Pass Ratio: 75.8%, previously 75.0%. Burnham System Pass Ratio: 96.7%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations. The Certificate in General Insurance waives CPCU 553 and CPCU 557 (automatically applied to the CPCU concentration).

	Associate in Insurance Services Courses
AIS 25	Delivering Insurance Services (audio CDs are not available) National Pass Ratio: 81.5%, previously 79.2%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the questions and exercises, my responses to faster is not enough, my recommendations to before you go on, and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the AIS designation, you must also pass any one of the following designations: AAI, AIC, AU, AFSB, AMIM, API, APA, ARe, ARM, ASLI, or General Insurance courses (INS 21,22, and 23) or CPCU 510, 520, 551, 552, and 553 or CPCU 510, 520, 555, 556, and 557

	Associate in Personal Insurance Courses
API 28	Personal Insurance: Underwriting and Marketing Practices (audio CDs *are* available) National Pass Ratio: 79.1%, previously 73.1%. Burnham System Pass Ratio: 96.4%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
API 29	*Personal Insurance: Services, Management, and Issues* (audio CDs are *not* available) National Pass Ratio: 77.3%, previously 73.2%. Burnham System Pass Ratio: 97.1%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
	To earn the API designation, you must also pass INS 21 and 22 or alternative courses are API 28, CPCU 555, and CPCU 556. Recommended sequence: INS 21, INS 22, API 28, and API 29. Waivers: The API designation waives CPCU 555. Passing CPCU 553 waives INS 22 when earning the API designation.

	Associate in Claims Courses
AIC 33	The Claims Environment (Audio CDs will again be available once Ray again narrates them.) National Pass Ratio: 80.0%, previously 80.1%. Burnham System Pass Ratio: 97.7%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
AIC 34	Worker's Compensation and Medical Aspects of Claims (audio CDs are not yet available) National Pass Ratio: 68.8%, previously 66.4%. Burnham System Pass Ratio: 98.9%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
AIC 35	*Property Loss Adjusting* (audio CDs are not yet available) National Pass Ratio: 74.0%, previously 66.5%. Burnham System Pass Ratio: 98.7%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations.
AIC 36	*Liability Claims Adjusting* (audio CDs are not yet available) National Pass Ratio: 77.3%, previously 75.4%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam with answers and answer explanations. Alternative courses to earn AIC: Personal Insurance Auto and Liability: AIC 33, 34, and 36 plus either CPCU 553 or CPCU 555 or INS 22. Personal Insurance Homeowners; AIC 33, 35, and 36, plus either CPCU 553 or CPCU 555, or INS 22. Commercial Insurance Liability: AIC 33, 34, 36, and CPCU 552. Commercial Insurance Property: AIC 33, 35, 36, and CPCU 551.

	Associate in Management Courses
AIM 40	Management National Pass Ratio: 78.6%, previously 58.1%. (audio tapes and CDs are not available) Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AIM 44	Human Resource Management National Pass Ratio: 81.8%, previously 89.1%. Burnham System Pass Ratio: 95.7%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the AIM designation, you must also pass AIM 45--Managing Business Organizations Today (there are no textbooks for AIM 45--it's based on periodicals). Although there is no Burnham System for AIM 45 due to the nature of that course, on the bright side, its recent National Pass Ratio was *100% and* was 100% previously ... by far the highest of any course, except ARE 145, the other course not based on textbooks!**

	Associate in Risk Management Courses
ARM 54	Essentials of Risk Management National Pass Ratio: 73.0%, previously 79.6%. (audio CDs are not yet available) Burnham System Pass Ratio: 98.8%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam complete with answer key and answer explanations.
ARM 55	Essentials of Risk Control National Pass Ratio: 74.3%, previously 73.1%. (audio CDs are not yet available) Burnham System Pass Ratio: 98.2%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam complete with answer key and answer explanations.
ARM 56	Essentials of Risk Financing National Pass Ratio: 83.2%, previously 71.4%. (audio CDs are not yet available) Burnham System Pass Ratio: 93.8%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam complete with answer key and answer explanations.
ARM-P 352	Risk Management for Public Entities (RMPE) aka: ARM-P I am not sure how much above 90% the recent Burnham System pass ratios are. Bonus material includes only my definitions of the key words and phrases (and other words and phrases introduced in each assignment).

	Associate in Underwriting Courses
AU 65	Commercial Underwriting: Principles and Property National Pass Ratio: 74.1%, previously 65.3%. (audio CDs are not available) Burnham System Pass Ratio: 97.3%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam complete with answer key and answer explanations.
AU 66	Commercial Underwriting; Liability and Advanced Techniques National Pass Ratio: 77.2%, previously 66.9%. (audio CDs are not available) Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question sample exam complete with answer key and answer explanations.
	To earn the designation you must also pass INS 23. You may also earn the AU designation by passing AU 65, AU 66, and CPCU 551 and CPCU 552. Course Sequence Note: IIA recommends taking the courses in one of the following sequences: INS 23, AU 65, and AU 66; or CPCU 551, CPCU 552, AU 65, and AU 66 or CPCU 551, AU 65, CPCU 552, and AU 66.

	Accredited Advisor in Insurance Courses
AAI 81	Foundations of Insurance Production (best to take before AAI 82) (audio CDs are not available) National Pass Ratio: 60.5%, previously 74.5%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AAI 82	Multiple-Lines Insurance Production (audio CDs are not available) National Pass Ratio: 75.4%, previously 63.8%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AAI 83	Agency Operations and Sales Management (audio CDs are not available) National Pass Ratio: 73.5%, previously 71.4%. Burnham System Pass Ratio: 84.6%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	Waivers: Candidates that complete the Program in General Insurance (INS 21, 22, 23); or complete CPCU^® 553 or CPCU 555, CPCU 551 and 552; or the CIC program (Certified Insurance Counselor) can waive AAI^® 81.

	Associate in Premium Auditing
APA 91	Principles of Premium Auditing (audio CDs are not available) National Pass Ratio: 67.0%, previously 77.1%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
APA 92	Premium Auditing Applications (audio CDs are not available) National Pass Ratio: 74.4%, previously 81.0%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the APA^® designation, you must also pass any two of three courses: CPCU^® 520, CPCU 540, or CPCU 552.

	Associate in Insurance Accounting and Finance Courses
AIAF 111	Statutory Accounting for Property and Liability Insurers (audio CDs are not available) National Pass Ratio: 44.4%, previously 69.4%. Burnham System Pass Ratio: 97.6%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AIAF 112	Insurance Information Systems (audio CDs are not available) National Pass Ratio: 70.0%, previously 55.2%. Burnham System Pass Ratio: 77.8%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AIAF 113	Insurance Company Finance (audio CDs are not available) This course is no longer offered by The Institute. National Pass Ratio: 25.0%, previously 83.3%. Burnham System Pass Ratio: 88.2%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the AIAF designation, you must pass CPCU^® 520 and 540 in addition to AIAF 111 and 112. It is suggested that candidates complete CPCU^® 520 before taking AIAF 111 or 112. AIAF 111 and 112 are the Institute's two hardest courses. Expect either 111 or 112 *alone* to be about as hard as 520 and 540, combined.

	Associate in Marine Insurance Management Courses
AMIM 121	*Ocean Marine Insurance* (audio CDs are not available) National Pass Ratio: 88.9%, previously 30.0%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AMIM 122	Inland Marine Insurance (audio CDs are not available) National Pass Ratio: 76.5%, previously 81.0%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the AMIM^® designation, you must also pass CPCU^® 510 and 530 and any two of these courses: CPCU^® 551, 552, 520, 540, or 560; AIC 33, 34, 35, 36; ARM 54, 55, 56; AU 65, 66; or AAI^® 81, 82, 83 or GEI 203. Pass AMIM 121 and 122 to earn a Certificate of completion.

	Associate in Information Technology Courses
AIT 131	Essentials of Information Technology (audio CDs are not available) National Pass Ratio: 64.9%, previously 69.7%. Burnham System Pass Ratio: 93.3%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AIT 132	Automation In Insurance (audio CDs are not available) National Pass Ratio: 78.3%, previously 71.2%. Burnham System Pass Ratio: 96.3%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment). Recommended sequence: Take AIT 131 first.
AIT 134	Strategic Management of Information (audio CDs are not available) National Pass Ratio: 67.3%, previously 67.2%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment). Recommended sequence: Take AIT 131 first. AIT replaced the AAM designation.

	Associate in Reinsurance Courses
ARe 143	Primary Insurance Coverages (audio CDs are not available) National Pass Ratio: 77.1%, previously 75.3%. Burnham System Pass Ratio for ARe 141: 98.2%. Bonus material includes my answers to the review questions, my definitions of the key words and phrases (and other words and phrases introduced in each assignment), and a 100-question multiple choice sample examination.
ARe 144	Reinsurance Principles and Practices (audio CDs are not available) National Pass Ratio: 79.1%, previously 70.7%. Burnham System Pass Ratio for ARe 142: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the ARe® designation, you must also pass ARe 145--Readings in Reinsurance (There are no textbooks for ARe 145--it's based on periodicals.) Although there is no Burnham System for ARe 145 due to the nature of that course, on the bright side, its National Pass Ratio is 100% ... by far the highest of any course, except AIM 45, the other course not based on textbooks)! and CPCU® 520 *and either* CPCU® 540 or ARM 56 or AIAF 111.

	Associate in Fidelity and Surety Bonding
AFSB 151	*Principles of Surety Bonding* (Take 151 first and take 540 before 152.) (audio CDs are not available) National Pass Ratio: 82.4%, previously 84.8%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AFSB 152	Contract Surety (audio CDs are not available) National Pass Ratio: 93.5%, previously 85.7%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
AFSB 153	*Fidelity and Noncontract Surety* (audio CDs are not available) National Pass Ratio: 81.5%, previously 87.5%. Burnham System Pass Ratio: 100%. Bonus material includes my answers to the review questions and my definitions of the key words and phrases (and other words and phrases introduced in each assignment).
	To earn the AFSB designation, you must also pass CPCU^® 530 and 540. Recommended sequence: AFSB 151 first, CPCU 540 before AFSB 152.

	Associate in Regulation and Compliance Program
ARC	Earn the ARC designation by completing AIAF 111, CPCU 520, and IR 201.
ARM-P 352	Associate in Risk Management -- Public Entities Risk Management for Public Entities (RMPE) aka: ARM-P I am not sure how much above 90% the recent Burnham System pass ratios are. Bonus material includes only my definitions of the key words and phrases (and other words and phrases introduced in each assignment).