FREQUENTLY ASKED QUESTIONS
- How is ICCIE pronounced?
- What does ACI stand for?
- What domicile(s) is this program applicable to?
- What do I need to do to earn my ACI?
- What are Core Courses?
- What are the Core courses?
- What are Elective courses?
- What are the approved Elective courses?
- What are “hot topic” teleconferences?
- How long does it take to earn the ACI?
- What is the time limit to complete the program?
- How long does it take to complete an online course?
- How much coursework is involved per course?
- How long are the webconferences?
- What time are the webconferences offered?
- Can I take the classes as an independent study?
- How does the grading work?
- What if I miss a webconference?
- What if I don’t pass a course?
- How much does the program cost?
- How much does each course cost?
- Can I take more than one course at a time?
- How do I enroll in the program?
How is ICCIE pronounced?
- “I SEE”
What does ACI stand for?
- Associate in Captive Insurance
What domicile(s) is this program applicable to?
- Courses are relevant to every domicile around the world
- ICCIE is domicile neutral
What do I need to do to earn my ACI?
- Successfully complete 5 core courses, 2 elective courses and three “hot topic” teleconferences
What are Core Courses?
- ICCIE designed comprehensive captive insurance courses providing a standard for captive industry
What are the Core courses?
- An Introduction to Alternative Risk Financing Mechanisms
- Understanding Risk and Risk Retention Mechanisms
- Protecting the Captive: Predicting Risk, Reinsurance and other Transfer Mechanisms
- Forming and Operating a Captive
- Business Ethics in the Captive Insurance Industry
What are Elective courses?
- Courses providing specialized knowledge in captive specific fields
What are the approved Elective courses?
- Electives are offered through ICCIE, the American Institute of Chartered Property Casualty Underwriters (AICPCU), the Insurance Education Association (IEA) and American Society for Healthcare Risk Management (ASHRM).
ICCIE Elective Courses
- Accounting for Captives: Financial Reporting and Analysis
- Accounting for Captives: Interpretation and Management Perspectives
- Captive Board Governance
- Employee Benefits and Captives
- Healthcare Captives Overview
- Investments and Captives
- Risk Retention Groups
- Understanding the Intricacies of Cell Captives
External Elective Courses
- AIAF 111 - Statutory Accounting for Property and Liability Insurers
- ARM 54 - Essentials of Risk Management
- ARM 55 - Risk Control
- ARM 56 - Risk Financing
- ERM 57 - Enterprise-Wide Risk Management: Developing and Implementing
- ASHRM Barton Certificate in Healthcare Risk Management - Essentials
- ASHRM Barton Certificate in Healthcare Risk Management - Applications
- ASHRM Barton Certificate in Healthcare Risk Management - Advanced
- AU 65 - Commercial Underwriting: Principles and Property
- AU 66 - Commercial Underwriting: Liability and Advanced Techniques
- CPCU 551 - Commercial Property, Risk Management and Insurance
- CPCU 552 - Commercial Liability, Risk Management and Insurance
- INS 23 - Commercial Insurance
What are “hot topic” teleconferences?
- Educational teleconferences offered through ICCIE, Vermont Captive Insurance Association (VCIA) or through approved modules at various captive conferences
How long does it take to earn the ACI?
- 6 months – 3 years
- Average is 18 months
What is the time limit to complete the program?
- 3 years
How long does it take to complete an online course?
- Including the exam window anywhere between 8 – 12 weeks.
- Courses are scheduled with beginning and end dates, are faculty-led and offer students great flexibility in accessing courses without travel requirements. Although online courses have weekly assignments, students have flexibility to complete readings and assignments over the course of the week. Through online discussion boards, students also benefit from interaction with other students as well as the instructor(s). Following the last webconference students have 1-2 weeks to submit homework prior to a four week exam window.
How much coursework is involved per course?
- 75 minute webconferences are held once a week (typically)
- Courses range from 3-6 webconferences
- Course reading assignments range from 60 pages – 600 pages depending upon the course (divided among the webconferences)
- Course homework assignments may include team case study assignments as well as individual course work
- Vocabulary (Glossary of Terms) is provided for each course
- Exam
How long are the webconferences?
- 75 minutes
What time are the webconferences offered?
- 2:30 p.m. - 3:45 p.m. Eastern Time
Can I take the classes as an independent study?
- ICCIE Core and Elective courses cannot be completed in an independent study format.
- Students may take electives through AICPCU and IEA in an independent study format. Students study on their own through course reading assignments, workbooks and supplementary materials (CD-ROMs, etc.). This model works best for students who can study well without guidance or support.
How does the grading work?
- The final course grade is determined by attendance, participation and the exam score
- Earning a combined score of 80% or higher is required to pass the course
- Attendance (10%): Missed class (es) must be made up by reviewing the archive within a week for maximum credit
- Participation (10%): Includes active involvement during class, participation in the team case study and completion of homework assignments (including starting "new" threads of discussion and / or responding to at least 2-3 other student's postings). Maximum points are awarded for substantive submissions
- Final Exam (80%): Students are provided a four week testing window to sit the closed book course exam(s)
- Students may attempt to pass the course exam(s) twice during this window to earn a passing grade
What if I miss a webconference?
- Each webconference is recorded and archived. If a student misses a webconference they are asked to view the archive of the session prior to the next webconference (typically one week) to earn full participation credit.
What if I don’t pass a course?
- Designation students may retake the course again at no additional cost
- Designation students may opt to “test-out” by paying $125 testing fee to take an additional course exam
- Modular students may retake the course at the cost of the tuition
How much does the program cost?
- Tuition for the ACI designation program is $4350, payable in two installments
- The first installment is due upon acceptance into the program, the second - one year into the program or prior to the start of a fourth core or elective course, whichever comes first
- Tuition includes the cost of ICCIE courses, course material, exams and three teleconferences
How much does each course cost?
- If registering in the designation program tuition includes the cost of enrollment for 5 core courses, 2 ICCIE elective courses, course material, exams and three teleconference registrations
- If enrolling as a modular student –
- Any teleconference: $135 ($100 for organizations sponsoring ICCIE students)
- Core Courses:
- An Introduction to Alternative Risk Financing Mechanisms: $750
- Business Ethics in the Captive Insurance Industry: $750
- Forming and Operating a Captive: $1050
- Protecting the Captive: Predicting Risk, Reinsurance and other Transfer Mechanisms: $1050
- Understanding Risk and Risk Retention Mechanisms: $1050
- Electives:
- Accounting for Captives: Financial Reporting and Analysis: $900
- Accounting for Captives: Interpretation and Management Perspectives: $900
- Captive Board Governance: $750
- Employee Benefits and Captives: $750
- Healthcare Captives Overview: $750
- Investments and Captives: $975
- Risk Retention Groups: $750
- Understanding the Intricacies of Cell Captives: $900
Can I take more than one course at a time?
- Yes, however, it is advisable to take courses that do not have a extended overlap of time
How do I enroll in the program?
- Register online Register Here!
- Upon acceptance to the program and tuition payment applicants will work with Student Affairs Coordinator, Angela Gale, to create a plan of study and register for courses
If you have any additional questions please contact the ICCIE office at 802-651-9050 or toll free 1-866-60-ICCIE or e-mail us at info@iccie.org