III IC-77 case studies
III IC-77 · Put your knowledge to work in context.
IC-77 is a paper in the Insurance Institute of India's III (Licentiate) examination series, aimed at people building a structured, examinable grounding in insurance practice. It is typically taken by new insurers, agents and brokers, bancassurance staff, and operations or claims personnel who want a formal qualification that sits alongside the compulsory IC-01 and IC-02 papers. The syllabus is deliberately broad rather than specialist: it moves from risk and insurance fundamentals, through contract law and underwriting, into general insurance practice, health, fire and property, marine and aviation, motor, liability and miscellaneous lines, and closes with regulation, ethics and customer protection. Expect a multiple-choice paper that rewards precise definitions, correct use of terms such as indemnity, subrogation and contribution, and the ability to apply a principle to a short scenario rather than recite it. The III IC-77 case studies are 5 cases and about 3,916 words.
1The Forgettable Water Claim: Consumer Non-Disclosure and Technical Defences
Aoife Murphy holds a home buildings and contents policy with sums insured of €420,000 on the buildings and €60,000 on contents. In March 2024 a kitchen fire causes €95,000 of damage.
798 words, about 4 min2The Learner Driver and the Signed Declaration
Declan, aged 49, insures his 2016 Volvo S60 comprehensively. He lists himself as the main driver and his wife, Niamh, as a named driver.
862 words, about 4 min3Average, Business Interruption and a Dirty Dust Extractor
Kilbride Textiles Ltd operates a mill. Its material damage policy has a sum insured of €1.2m on a reinstatement basis.
753 words, about 4 min4The Unmentioned Cardiology Referral
Rónán, aged 38, applies for €500,000 of 20-year term life cover. On the application he answers “No” to: “Have you ever had chest pain, palpitations or been referred to a cardiologist?” Eighteen months earlier his GP had referred him to a cardiologist for chest pain.
773 words, about 4 min5The Instruction to Find a Way to Decline
Sinéad is a claims handler at a small Irish insurer. A policyholder, Mrs O’Donnell (78), has a subsidence claim for €48,000.
730 words, about 4 min