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III IC-67 study materials
III IC-67 study resources

III IC-67 study guide

III IC-67 · Work through your exam, one topic at a time.

IC-67 Marine Insurance is a professional examination paper offered within the Insurance Institute of India's professional examination stream, and it appears on the Institute's syllabus listing in two language versions: IC-67 Marine Insurance (English) and IC-67 Marine Insurance (Hindi). The Institute's site also lists closely related marine papers - IC-60 Marine Cargo Insurance Principles and Underwriting, IC-66 Marine Insurance Claims, and IC-70 Marine Hull Insurance Underwriting and Claims - which shows that IC-67 sits inside a wider marine insurance family rather than standing alone. Candidates who search for this paper are usually working in or moving toward general insurance roles that touch cargo, hull, or marine claims, and they need a working command of marine cover, underwriting considerations, and claims handling rather than surface familiarity with terminology. Preparation should start from the Institute's own study material: the site maintains a Study Material section with separate hard copy, e-book, and audio book purchase routes, plus a dispatch status page, so candidates can confirm which format and language edition they need before ordering. Because the Institute publishes notices about revised study course materials and revised examination fees, candidates should check the notices area and the relevant FAQ pages before booking a session. This page is an independent study aid and is not affiliated with or endorsed by the Institute; always confirm syllabus, fees, and scheduling on the official site. Topics on this exam: Marine Insurance. The III IC-67 study guide has 1 section and about 410 words.

01

Marine Insurance

Marine Insurance (IC-67) tests the principles and practice of marine cover across cargo, hull, freight and marine liability. The exam expects you to apply insurance law to fact patterns, not just recall clause names. Insurable interest: the assured must have a legal or equitable interest in the subject matter at the time of loss; marine policies may be written 'lost or not lost'. Utmost good faith: material circumstances must be disclosed and representations must not be misleading.

410 words, about 2 min

More study resources for III IC-67

  • Practice questionsUnder a standard marine cargo policy, which term describes the insurer's right to take over the insured's rights of recovery against a third party after paying a claim?
  • FlashcardsUtmost good faith. A mutual duty of full and frank disclosure in marine insurance.
  • Cheat sheetUtmost good faith (uberrimae fidei): the assured must disclose every material circumstance known to them before cover attaches; a circumstance is material if it would influence a prudent underwriter's judgment on acceptance, premium or terms.
  • Key termsMarine Insurance. Insurance covering loss or damage to ships, cargo, freight, and related liabilities arising from maritime perils, governed by the Marine Insurance Act and related law.
  • Study planMap the full Marine Insurance syllabus into a topic checklist covering hull, cargo, liability, and freight exposures.
  • Common mistakesCandidates drilled on loss-adjustment arithmetic default to the calculation and forget that the pre-contractual duty of disclosure sits at the heart of the syllabus; the exam often plants a material fact the assured failed to reveal.
  • Exam-day guideBring the original, unexpired ID in the name used on your registration.