III IC-74 case studies
III IC-74 · Put your knowledge to work in context.
IC-74 Liability Insurance is one of the professional examinations listed by the Insurance Institute of India under its Professional Examination study material range, alongside subjects such as Fire and Consequential Loss Insurance, Marine Insurance and Group Insurance. It is aimed at insurance professionals who work with liability products - underwriters, claims handlers, brokers and agents - and who want a formal, Institute-assessed qualification in that line rather than a general insurance paper. The III IC-74 case studies are 5 cases and about 3,475 words.
1Batch Contamination Under an Occurrence-Based CGL Policy
Sunrise AgroChem Ltd manufactures a foliar micronutrient sold across Maharashtra. It has held an occurrence-based commercial general liability policy with the same insurer since 2019, renewed annually.
697 words, about 3 min2Expired Licence and Unauthorised Passengers in a Goods Vehicle
Ganga Logistics owns a goods vehicle insured under a package policy with the statutory third-party limit and an unnamed passenger cover for the driver and cleaner. On 12 February 2024 the vehicle overturned on NH-48 while carrying 14 farm labourers; the registration certificate permitted carriage of goods only.
732 words, about 4 min3Claims-Made Professional Indemnity and a Change of Insurer
Meridian Design Consultants, a structural engineering firm, held a claims-made professional indemnity policy with ABC Insurance from 1 April 2018 to 31 March 2023. The retroactive date was 1 April 2015.
679 words, about 3 min4Gradual Ammonia Leak: PLIA, CGL Pollution Exclusion and Cleanup
Ravi Chemicals operates a storage terminal handling chlorine and ammonia beside a lake in Gujarat. It holds a Public Liability Insurance Act 1991 policy for the statutory minimum limit and a separate occurrence-based CGL policy with a Rs.
669 words, about 3 min5Contractor's Rigger, ESI Default and Principal Employer Liability
Vikram Engineering is the principal employer at a steel plant construction site. It engaged Subhash Traders to supply 30 riggers.
698 words, about 3 min