I.A.(MR) study plan

Define the core principles of insurance (insurable interest, indemnity, utmost good faith, subrogation, contribution, proximate cause) and state how each applies to a survey or loss assessment.

Distinguish the roles of insurer, insured, broker, surveyor and loss assessor and describe the duties and ethical constraints of a surveyor.

Map the structure of a policy (recitals, operative clause, exclusions, conditions, warranties) and identify where coverage-limiting language typically sits.

Outline the survey and loss assessment workflow from intimation through report submission.

Explain how proximate cause is determined in a chain of events and apply it to three short fact patterns.

Calculate an indemnity settlement applying average, underinsurance, excess and salvage recovery.

Differentiate total loss, partial loss, constructive total loss and sue-and-labour expense treatment.

Draft the standard sections of a survey report (facts, cause, extent of damage, liability opinion, recommendation).

Define the standard marine hull and machinery perils and explain the scope of each.

Distinguish hull and machinery cover from increased value, disbursements and war risks cover.

Explain the principle of seaworthiness and how breach affects a hull claim.

Describe the main hull clauses covering collision liability, general average and sue and labour.

Explain the scope of marine liability covers (P&I, charterers' liability, freight liability) and the risks each addresses.

Interpret the major Institute hull clauses and identify which clause governs a given loss scenario.

Analyse how warranties, exclusions and due diligence provisions limit hull and liability recoveries.

Apply the doctrine of constructive total loss to a hull casualty and decide whether notice of abandonment is required.

Explain the insurable interest, assignment and transit attachment rules specific to cargo insurance.

Compare the three Institute Cargo Clauses (A), (B) and (C) by perils covered and exclusions.

Describe how the duration of cover (warehouse to warehouse) is determined and where it terminates.

Identify the documents required to underwrite a cargo risk and the information each provides.

Assess how packing, stowage, route, vessel type and season influence cargo risk rating.

Explain general average and particular average and how each affects a cargo claim.

Apply the duty of good faith and disclosure to a cargo underwriting scenario with a material fact omitted.

Calculate a cargo sum insured from invoice value, freight and expected profit and explain the insured value basis.

Classify a cargo loss as total, partial, particular average or general average and state the claim consequence.

Explain the surveyor's role in cargo claim investigation, including evidence preservation and sampling.

Apply subrogation and contribution to a claim where multiple policies respond.

Draft a claim file checklist covering notice, documentation, survey evidence, quantum and recovery.

Synthesise all four domains by working through two integrated case studies spanning underwriting, loss and claim settlement.

Identify and close knowledge gaps using a self-scored checklist across all four domains.

Practise timed answering under exam conditions across mixed-domain questions.

Consolidate key definitions, clause references and calculation formulas into a single revision sheet.