Werner Chapter 5
New Problem 3 - Planned effective date should be 1/1/2011.
Werner Chapter 8
2004#33 - I have a typo. The part after the = sign on the fist line of the solution was copied from a different problem, and should not be there.
Nyce Personal Auto
New Problem 4 - Statement 1 is true. It is false if the auto was a new auto that replaces a currently insured auto.
New Problem 45 - Laura’s UIM pays, not Tina’s.
I have almost completed Ch. 12, and will post by tonight. I do plan on getting through 14 & 15 this week. Again, I’ll try to fit in some recording. The notes are almost complete, and recording is a lot easier when the notes are complete.
I will also update ASOP 13 with the 2009 update.
I will start the flashcards for Werner as soon as the notes are complete.
I am finishing the problems for Chapter 9 and moving to Chapter 11. 5, 6, 9 & 11 are the biggest point value chapters. Next week, I will get to Ch 12, 14 & 15. That will leave 10, 13 & 16 that I’ll get to the next week.
It is taking me quite a bit of time putting problems together. 10, 13 & 16 have very few problems to modify (only 16), and also I don’t expect as many points from these chapters.
I have started recording Chapter 5, as I’m trying to mix in recording with the notes. Also, you’ll now see the option to download the mp3 files for the videos (little speaker icon next to the WMP icon on the Online Seminar page).
I have had a significant number of emails that I mixing in as well. I will get to your questions, but there might be a slight delay.
Thanks and good luck studying.
Ken
I have posted a suggested study schedule in the Introduction section. Below is how I would approach the CAS 5.
1. I always suggest reading the article first. I typically like to mark on the reading (yellow highlighter, notes in the margin). Remember, you don’t have to understand everything on your first pass through, so don’t spend too much time on any one article.
2. I like going through the past exam problems just to see the kind of problems I’m looking at. I work them if I can, but again, I don’t spend too much time on any one problem. I usually don’t look at the most recent problems, saving them for later, unless there just aren’t any other questions. I like to mark the text where I find the answers with a blue highlighter. Anything in blue or green (because it was marked in yellow from 1.) has been asked before. I just need to understand the past exam questions. Anything that remains in yellow is something I thought looked important during my first pass but hasn’t been asked yet. I liked writing my own problems from this material and saving them for my second pass. You could also make notecards and/or mark the study manual if you prefer.
3. Here is where the videos come in for some people. Some students like using them during their first pass. I would have probably used them on my second pass. I liked getting through all the readings as quickly as possible on the first pass.
4. I would always start January 1 and plan to be through my first pass by about February 28. The second pass is where I think the videos work really well. On the second pass, I would watch the videos, work the problems with the videos, and then go through all of the problems (past, new, and ones that you write). Now you can work on understanding the material. However, note that you need to cover the material twice as quickly on your second pass. I like to be through this pass by about April 1. You should really feel comfortable with the material after this.
5. In April, this is where you need to log the hours. Make sure you can work every problem/question from the past and new problems section. Rewatch videos for sections that are still giving you trouble. Finally – memorize. October can make the difference between a 5 and a 6.
6. I usually want you to feel good about the material before dipping into the quizzes. It is most effective to take these under test type conditions. I usually take the past exams and practice exam starting about 1-2 weeks before. Again, it is important to use exam like conditions. If you haven’t worked the 2009 exam problems, it is a good indication of how you can expect to feel when taking the exam. Timing is crucial when taking an exam. Work on timing on the quizzes and practice exams. I have seen many students get 5s because they didn’t get to the last 3 or 4 questions. Write thorough answers, but don’t fail because you spent half an hour on a problem. I usually target about 2 – 3 mins per point when practicing problems.
7. The audio files fit in wherever you find them most effective (driving/riding into work, cleaning the house, at work). I use April as a massive memorization month.
I’m sure I forgot a few things. Please note – the method to use is what works best for you. I would usually target about 15 hours per week in January and February, 15-20 in March, and 20-25 in April. Of course, it is less important how long you studied, and more important how well you studied. When I took part 10, I was not ready two weeks before the exam and was forced into about 120 or so hours in the last two weeks (it killed me). Never give up. Study until that last day.
Good luck.
I am finishing problems for the loss chapter today. I have also been finishing the notecards for the remaining CPCU material. I expect to post both of these tomorrow. I have been playing around with some recording and plan on producing some videos on Sunday and Monday. According to my schedule, you should be completing week 2. I am trying to make sure that I’ll have notes and videos ahead of this schedule. One note on the schedule - Chapters 5 & 6 are extremely long with many problems. I would split Chapter 6 over weeks 5 & 6. These chapters took material from many readings on the syllabus last year.
After being off the past few days due to personal issues and holidays, I am back to updating the materials. This has put me a few days behind. I just finished the outline for Chapter 5. I just need to finish updating the problems to match the new text. There are a lot of problems from this section. I expect to have this posted tomorrow night. After this, I will finish updating all of the notes for the readings from 2009. I will work as quickly as possible. Thanks and good luck studying.
Ken
I have been finishing Chapters 4-5 of Werner with many problems. I will either keep Ch 6 separate or add to Chs 7-8. I have also been working on the notecards. These do take awhile for me.
I will also be adding mp3s of videos for the older videos and for the new ones as I create them.
I wanted to have more to you before the holidays, however last Thursday, my grandma entered the hospital with pneumonia, proceeded to get worse, and passed away Sunday. With the holidays approaching, many personal factors have slowed my progress. Please know that I am working to get these first 8 chapters out with many problems as quickly as possible.
We’re getting close to study time again. This post will just give a little bit of info on what to expect over the next few weeks.
I have posted the study manual and problems for Werner Ratemaking Chapters 1-3. Over the next week, I will record a new sample video covering part of the material in chapter 5. I will also begin recording lessons for chapters 1-3 and will complete the study manual for chapters 4-5. I plan on recording videos as I work on study manuals this time (which is different from how I’ve done it in the past). The study manuals for chapters 1-5 will be done in December and 6-11 in January, and the remaining in February. Videos will also be posted throughout this time.
I will update the CPCU material with the 2009 problems over the next week. I have reorganized the study manual web page so it looks like I’ve posted new manuals for this material. I have not yet. When you see that it is updated, that means I have added the 2009 problems.
I will be posting notecards for the CPCU material over the next two weeks. This is the primary memorization material. It was suggested to me that if you get the notecards early for this material, you can edit or add as you see fit on your first pass through the material. I will add the notecards for the Ratemaking text after the manuals and videos are complete.
Enjoy your last few weeks of freedom, and get ready for some heavy studying after January 1.
Happy Holidays.