AMIM study plan
AMIM · Give each week a clear focus.
8 weeks · About 6 hours per week
Marine insurance and ocean marine coverages
Map the ocean marine coverage landscape: distinguish hull, cargo, freight, and liability lines and explain what each responds to
Define core ocean marine terminology (perils of the seas, barratry, jettison, general average, particular average) in your own words
Compare hull vs. cargo insuring agreements and identify the named perils each typically covers
Outline the structure of an ocean marine policy: declarations, insuring agreement, exclusions, conditions
Your checkpoint
A one-page ocean marine glossary plus a coverage-comparison table (hull vs. cargo vs. freight) with at least 15 terms defined
Marine insurance and ocean marine coverages & Cargo, hull, and transit risk management
Explain how general average and salvage charges are assessed and who bears the cost
Trace the transit risk lifecycle for a single shipment from origin warehouse to final destination
Identify the major perils and fortuities that threaten hull and cargo in transit
Distinguish total loss (actual and constructive) from partial loss and describe how each is settled
Your checkpoint
A written walkthrough of one hypothetical shipment (origin to destination) flagging every risk point and the coverage that responds at each
Inland marine and commercial property coverages
Differentiate inland marine from commercial property coverage and explain the 'nationwide marine definition' rationale
Classify common inland marine forms (motor truck cargo, bailee, contractor's equipment, valuable papers) by what they insure
Compare named-peril vs. open-peril commercial property forms and their key exclusions
Explain coinsurance, valuation, and loss-settlement provisions in commercial property
Your checkpoint
A classification matrix of at least six inland marine forms with insured property, key exclusions, and typical limits for each
Inland marine and commercial property coverages & Cargo, hull, and transit risk management
Apply transit/cargo coverage concepts to inland exposures (domestic trucking, warehousing, processing)
Analyze how deductibles, limits, and sublimits shape recovery on a transit loss
Evaluate risk-management techniques (retention, transfer, loss control) for a mid-size shipper
Contrast cargo-owner coverage with carrier/bailee liability for the same goods
Your checkpoint
A case analysis of a domestic transit loss showing coverage determination, limit application, and net recovery, plus a risk-treatment recommendation
Marine liability and protection and indemnity
Explain P&I coverage: the risks it addresses and why it sits alongside hull and cargo
Identify the principal marine liabilities (collision, wreck removal, pollution, crew injury, cargo damage) and the coverages that respond
Describe the role of P&I clubs and how mutual/assessable structures differ from commercial insurance
Outline key maritime liability statutes and conventions that shape exposure (e.g., limitation of liability, pollution regimes)
Your checkpoint
A liability exposure map matching at least eight marine liability scenarios to the responding coverage (P&I, hull, cargo liability) with a one-line justification each
Marine liability and protection and indemnity & Cargo, hull, and transit risk management
Integrate hull, cargo, and P&I coverages to analyze a multi-party casualty (e.g., collision causing cargo damage and pollution)
Allocate liability and coverage across shipowner, charterer, and cargo interests in a scenario
Assess how charterparty terms and bill-of-lading obligations affect liability and insurability
Identify coverage gaps and overlaps when layering marine liability programs
Your checkpoint
A multi-party casualty case study allocating liability and coverage among at least three parties, with a gap/overlap summary
Marine claims, underwriting, and management
Walk through the marine claims process from notice of loss through survey, adjustment, and settlement
Explain underwriting factors unique to marine risks (voyage, vessel, cargo type, packing, route, loss history)
Describe how surveys, warranties, and conditions influence underwriting and claims outcomes
Outline management considerations: reinsurance, portfolio balance, and catastrophe aggregation in marine lines
Your checkpoint
A claims-and-underwriting playbook for one risk type covering submission review, key underwriting questions, claim-handling steps, and settlement logic
Marine insurance and ocean marine coverages & Inland marine and commercial property coverages & Marine liability and protection and indemnity & Cargo, hull, and transit risk management & Marine claims, underwriting, and management
Synthesize all five domains into an integrated view of how marine exposures flow from risk to coverage to claim
Rehearse exam-style application questions across every domain and diagnose weak areas
Close knowledge gaps identified in earlier milestones with targeted review
Build a quick-reference sheet of high-yield terms, coverages, and distinctions
Your checkpoint
A timed 60-question self-assessment with a scored answer key and a written remediation list of the three weakest areas plus corrective actions
Milestones
Week 2: Can define general average, particular average, and constructive total loss from memory and explain how each is settled
Week 4: Can correctly classify six inland marine forms and compute a coinsurance-affected recovery without notes
Week 6: Can allocate liability and coverage across three parties in a marine casualty and name the responding policy for each exposure
Week 8: Scores at least 75% on the timed self-assessment with no single domain below 65%