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CPCU 553 - FAQ (Frequently Asked Questions)

CPCU 553 FAQ

How long is the CPCU 553 exam? How many questions are included?

Where do I go to take the exam?

Is there an exam fee?

Are the questions essay or multiple choice?

How many courses do I need to earn the CPCU?

How long will it take me to study for this exam?

How do I go about studying for the CPCU 553 exam?

What can I take into the exam with me?

How is the test graded?

Do I need to take a class?

How long is the CPCU 553 exam? How many questions are included? The exam begins with a tutorial to help you understand all the buttons and systems of the exam. Your exam time does not include this tutorial. You will be allotted a full three hours for the exam. The number of questions in the essay exams vary from 30 to 35; and there are 100 questions for the multiple choice question exams.

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Where do I go to take the exam?You will need to register with Prometric to take the exam. They will help you to find the closest center to you. You can review their list of centers on their website at prometric.com.

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Is there an exam fee? There is an "Early Bird" price of $212 for CPCU exams if you register before the first day of the testing window. After that date, the price is $272. Plan ahead!

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Are the questions essay or multiple choice? The questions for CPCU 553 are multiple choice questions.

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How many courses do I need to earn the CPCU? You will take the five core curriculum courses and then complete three courses from the special emphasis areas; 1) commercial, or 2) personal. Thus, you will be completing 8 courses to earn the designation.

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How long will it take me to study for this exam? Typically students using the KEIR method of study report studying 40 to 60 hours per course. It will depend on how much knowledge and experience you already have in the topic.

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How do I go about studying for the CPCU 553 exam? You probably have a favorite approach to studying. We find two typical scenarios for studying CPCU. One, you will read the textbook, read the AICPCU Course Guide Question, think or write out your answers to the questions, check the KEIR Answers to the Course Guide, and take the Multiple Choice Questions for that assignment. Or two, if you know the topic very well, you could test yourself with the Multiple Choice Questions. If you earn a 75% or 80%, you probably don’t need to read the text – move on to the next assignment.

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What can I take into the exam with me?Your license or photo ID, and exam ticket. You will be given paper and pencil for working out solutions – but you will not be allowed to leave the exam center with the paper. You will be given a calculator if the exam requires one. Everything personal will be locked in a locker for your later use.

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How is the test graded? You will receive a pass/fail grade. You do not receive a numerical grade. Because most CPCU exams are essay, they require human grading. You should receive your grade within one month of completion. Multiple choice exams will be graded at the testing center – you will receive immediate feedback.

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Do I need to take a class? That depends on you. There are excellent classes available from local CPCU Societies or online programs, such as the ones offered by IEA. If you need the discipline of doing homework and taking weekly quizzes, a class is for you. If you can set a schedule of study and stick to it, you can be a self-study student.

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Certified Financial Planner Board of Standards Inc. owns the certification marks CFP®, CERTIFIED FINANCIAL PLANNER™ and CFP (with flame logo)®, which it awards to individuals who successfully complete initial and ongoing requirements. “Keir Educational Resources is a Review Course Provider for the CFP® Certification Examination administered by Certified Financial Planner Board of Standards, Inc. CFP Board does not endorse any review course nor receive any financial remunerations from Review Course Providers.”