III IC-76 study guide
III IC-76 · Work through your exam, one topic at a time.
IC-76 is a paper code in the Professional Examination stream of the Insurance Institute of India (III), the body behind the Licentiate, Associateship and Fellowship designations and the specialised diploma courses listed on its site. Candidates encounter IC-76 alongside subject codes such as IC-01 Principles of Insurance, IC-45 General Insurance Underwriting, IC-74 Liability Insurance and IC-89 Management Accounting in the institute's published study-material and addendum lists. The public III home page retrieved for this page does not enumerate the IC-76 syllabus, so the subject title, domain weightings and item counts should be confirmed against the current study course material and the Professional Examination regulations before you build a study plan. The same page shows that III periodically revises its study course materials and examination fees, and it maintains separate FAQ pages for the Professional Exam and for Study Course matters, which are the correct first stop for syllabus and format queries. Topics on this exam: Insurance Institute of India Professional Examination – IC-76 subject content (not enumerated in source). The III IC-76 study guide has 1 section and about 379 words.
01IC-76 - Fire and Special Perils Insurance
IC-76 is the Insurance Institute of India professional paper on Fire and Special Perils insurance. Questions target the SFSP policy wording, the perils it covers, its exclusions and conditions, the three methods of fixing the sum insured, the operation of the average clause, the claims process from intimation to settlement, and the principles underpinning the cover - insurable interest, indemnity, utmost good faith, proximate cause, subrogation and contribution. The Standard Fire and Special Perils Policy covers fire, lightning, explosion, riot, strike and malicious damage, storm, tempest, flood and inundation, subsidence and landslide, missile testing, impact damage by rail, road, aircraft or animals, and bursting or overflowing of water tanks and pipes. Standard exclusions: war and nuclear risks, wilful acts, spontaneous combustion and own fermentation, and damage by electrical short-circuit - but if fire ensues, the ensuing fire damage is payable.
379 words, about 2 min