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How to Become a Chartered Underwriter

how to become a chartered life underwriter

A chartered underwriter is an insurance or financial service professional with a Certified Life Underwriter or Certified Property and Casualty Underwriter designation. These designations hold substantial value in the eyes of insurance and finance-related employers, and demonstrate that you have extensive knowledge of insurance fundamentals, pricing, personal and business finances, ethics and other insurance topics. Becoming a chartered underwriter requires extensive self-study coursework and exam completion.

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Chartered Life Underwriter

Complete the Chartered Life Underwriter, or CLU, application on the American College website -- this educational institution is currently the only provider of CLU courses. You can submit your application online, by mail or via fax. As of the date of publication, the application fee is $135.

Study the course materials for Fundamentals of Insurance Planning, Individual Life Insurance, Life Insurance Law, Fundamentals of Estate Planning and Planning for Business Owners and Professionals. These five courses make up the core coursework for the CLU designation.

Schedule and take the exam for each core course through American College. As of the date of publication, the fee for each course includes the examination fee.

Study the course materials for three of the seven elective courses offered by the American College for the CLU designation. Elective course options include Financial Planning, Individual Health Insurance, Income Taxation, Group Benefits, Planning for Retirement Needs, Investments and Estate Planning Applications.

Schedule and take the exam for each elective course you have chosen.

Once you successfully complete your core and elective exams, you will receive a CLU designation certificate from the American College.

Chartered Property and Casualty Underwriter

Study the course materials for one of the core courses for the Chartered Property and Casualty Underwriter, or CPCU, designation. The four core courses include Foundations of Risk Management and Insurance, Insurance Operations, Business Law for Insurance Professionals and Finance and Accounting for Insurance Professionals. Schedule your exam through the American Institute of Chartered Property and Casualty Underwriters website.

Complete the matriculation application after you register for your first exam. The American Institute of Chartered Property and Casualty Underwriters, or AICPCU, will send you an email link to the matriculation form when you schedule your first course exam.

Take the exam for the first of the core courses. Study the materials for the remaining three core courses. Take the exams for these courses.

Study the course materials and take the exam for one of the elective courses offered by the AICPCU for the CPCU track. The AICPCU offers 10 elective course options, including Risk Financing, Property Loss Adjusting and Liability Claim Practices.

Choose the Commercial Lines or Personal Lines concentration. The AICPCU offers specific courses for each concentration. Study the course materials and take the exams for each of the three courses in your concentration. You will receive a CPCU certificate from the AICPCU once you successfully pass your core, elective and concentration course exams.

Category: Insurance

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