Students that successfully pass RMI courses at Ole Miss have the opportunity to earn credit toward a number of highly regarded industry designations. These designations and the steps necessary to earn credit toward the designations are discussed below.
Chartered Property Casualty Underwriter (CPCU)
The CPCU designation is awarded by The Institutes and is widely recognized and respected throughout the insurance industry. This designation is recommended by The Institutes for "Agents/brokers, agency principals, claim representatives, line of business managers and executives, insurance litigators, risk managers, and underwriters." The exam is typically administered the week after the fall semester ends. In the spring of 2013, The Institutes launched a new initiative which allows students to earn CPCU credit by earning a grade of "B" or better in certain approved university classes. As part of this program, students at Ole Miss can now receive credit for CPCU 552 (Commercial Liability Risk Management and Insurance) by earning a grade of "B" or better in FIN 442. For more information on the CPCU designation, please click here.
Certified Insurance Counselor (CIC)
The CIC designation has been awarded by the National Alliance for Insurance Education since 1969 and is primarily for "agency and company personnel – owners, producers, agents, account managers, brokers, underwriters, and marketing or claims personnel."
The CIC consists of five institutes: Personal Lines, Agency Management, Commercial Property, Commercial Casualty, and Life & Health.
By taking the FIN 441 and FIN 442
courses, students have the opportunity to receive credit for two of the five institutes. First, students can receive credit for the Commercial Property section of the CIC for free if they pass FIN 441 with a grade of "C" or better. Second, students that take FIN 442 can pay a reduced student fee to take the CIC Commercial Casualty exam on campus, which is typically administered the week after the spring semester ends. Once the student has received credit for the Commercial Property and Commercial Casualty institutes, the student receives the University Associate Certified Insurance Counselor (UACIC) designation, and those two courses can be applied towards the completion of the CIC designation.
For more information about the CIC designation, please click here.
For more information about the UACIC designation, please click here.
Certified Risk Manager (CRM)
Similar to the CIC, the CRM is offered by the National Alliance for Insurance Education and there are five courses (Principles of Risk Management, Analysis of Risk, Control of Risk, Financing of Risk, and Practice of Risk). The CRM is primarily targeted toward "Individuals in risk management and the related fields of insurance, accounting, finance, law, loss control, claims, and human resources."
Students that pass FIN 542 with a grade of "C" or better will receive free credit for the "Analysis of Risk" portion of the CRM. The student can also take the "Principles of Risk Management" exam for the reduced student fee (typically administered the week after the end of the spring semester), which will allow the student to receive credit for that portion of the CRM upon successful completion of the exam. Once the student has completed two exams, the student receives the University Associate Certified Risk Manager (UACRM) designation, and those two courses can be applied towards the completion of the CRM designation.
For more on the CRM designation, visit: https://www.scic.com/crm/
Students with additional questions regarding professional designations can contact Dr. Fier at email@example.com.