III IC-28 case studies
III IC-28 · Put your knowledge to work in context.
IC-28 is one of the paper codes in the professional examination series administered by the Insurance Institute of India (III), the body behind the Licentiate, Associateship and Fellowship designations and a wide catalogue of subject-specific papers such as IC-01, IC-02 and many others. Candidates typically encounter IC-28 as a single subject within a staged programme, so the paper is usually taken alongside or after foundation-level subjects rather than in isolation. The III IC-28 case studies are 5 cases and about 3,492 words.
1The 80% Coinsurance Trap on a Cold-Storage Fire
Ridgeline Foods insured its cold-storage warehouse under a commercial property form with a 900,000 building limit, an 80% coinsurance clause, a 25,000 deductible, and no agreed-value option. At the time of loss the replacement cost is 1.5 million, a figure the insured's broker questioned at the last renewal but never documented.
703 words, about 4 min2Permissive Use, a Rideshare App, and the Coverage Gap
Dana Reyes holds a personal auto policy with 100/300/50 liability limits, a 500 collision deductible, and no transportation network endorsement. Her brother-in-law Marcus, who lives in another household, borrows the car for a week while his own is repaired.
701 words, about 4 min3Claims-Made E&O, Prior Knowledge, and a Renewal Application
Halcyon Structural Engineering carries a claims-made professional liability policy with a 2 million limit, a 50,000 self-insured retention, a retroactive date of 1 January 2021, and a prior-knowledge exclusion. The 2023-24 policy incepted 1 July 2023.
692 words, about 3 min4A Traveling Technician, Two Beers, and Two States
Brattle Mechanical, an HVAC contractor based in State A, sends technician Omar to a three-day manufacturer training 180 miles away in State B. Brattle pays the hotel, a 60 per diem, mileage, and Omar's hourly rate for travel and class time.
694 words, about 3 min5A Nine-Day-Old Fire Policy and a Judgment Lien
Nadia Haddad reports a total fire loss on her 300,000 dwelling policy nine days after coverage was bound. The fire began at 2:15 a.m.
702 words, about 4 min