ENROLLMENT PREREQUISITES

To apply for CIPA training and certification one must have a high school or higher level diploma. Applicants must have prerequisite knowledge and minimum skills in the following areas:

  • P&C insurance agency operation
  • General accounting
  • Computer and Internet use
  • Typing skills

Anyone meeting the prerequisite requirements may apply for CIPA training and certification, whether currently employed by a P&C insurance agency or not. Paulmar Software encourages those with customer service or accounting experience in a P&C agency, persons with applicable experience in the lending industry, graduates with college degree in accounting or business administration, or anyone familiar with the business of P&C insurance industry to apply for training and certification.

The CIPA positions will be available nationwide.

AGENCY OPERATION PREREQUISITES

Applicants for the CIPA training must have general knowledge of the P&C insurance agency operation. The following is a list of terms and processes related to premium funds management applicants must be familiar with:

  • Policy premium, tax and fees
  • Gross premium, net premium, commission
  • Premium quotes
  • Policy binding
  • Installment schedule
  • Premium billing
  • Premium payment and bank deposits
  • Company statement
  • Company remittance check
  • Remittance check voucher
  • Earned commission transfer
  • Returned premium
  • Premium refunds
  • Production reports
  • Account Current Report
  • Earned Commission Report
  • Bank deposits
  • Balance Sheet
  • Premium float
  • Trust bank account

GENERAL ACCOUNTING PREREQUISITES

Applicants for the CIPA training must be familiar with general accounting terminology and principals. The following is a list of terms and processes applicants are required to be familiar with:

  • T-accounts, debit, credit, balance
  • Chart of accounts
  • Classification of accounts: assets, liabilities, capital, income, and expenses
  • Posting to ledger accounts
  • Income
  • Expenses
  • Profit or Loss
  • Sales, cash sales, sales on account
  • Receivables
  • Payables
  • Balance Sheet
  • Income Statement

TYPING SKILLS PREREQUISITES

Applicants for the CIPA training must be able to use the keyboard without looking at the keys. A minimum typing speed of 30 words per minute is required.

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