III IC-77 study plan

Define the core risk-management vocabulary (peril, hazard, pure versus speculative risk, retention, transfer, avoidance, reduction) and classify 20 short scenarios into the correct treatment

Explain insurable interest, indemnity, utmost good faith, subrogation and contribution, and state which principle each of five claim situations turns on

Map the structure of a policy (declarations, insuring agreement, exclusions, conditions, definitions) and label each part in a specimen wording you write yourself

Distinguish offer, acceptance, consideration and legal capacity in the formation of an insurance contract, including when cover attaches

Compare term, whole life, endowment and unit-linked products on premium structure, cash value, and payout trigger

Explain underwriting inputs: age, sex, health history, occupation, residence, sum assured and financial underwriting, and how each shifts the decision

Describe the standard underwriting outcomes (standard, rated, exclusion, postponement, decline) and when each is appropriate

Outline the application-to-issue cycle, including disclosure duty, medical examination, and policy document delivery

Identify the main exclusions and waiting periods in life cover and justify why each exists

Apply general insurance principles (sum insured, average, excess, no-claims discount, reinstatement) to at least five numeric claim calculations

Explain fire perils, special perils extensions, and the standard fire policy structure

Distinguish indemnity value from reinstatement value and compute both for a damaged building

Describe business interruption cover: gross profit basis, indemnity period, and increased cost of working

Explain subrogation and salvage in a property claim and who recovers what

Differentiate indemnity health plans, fixed-benefit plans, critical illness and hospital cash products by trigger and payout

Explain waiting periods, pre-existing condition clauses, deductibles, co-payment and sub-limits with a numeric example of each

Describe claims adjudication: notification, documentation, medical review, and reasons for repudiation

Outline provider networks, cashless settlement and third-party administration roles

Compare individual and group health underwriting, including experience rating and free cover limits

Explain marine hull and cargo cover, Institute Cargo Clauses A, B and C levels of cover, and the main perils excluded

Apply general average, particular average, salvage charges and abandonment to a stated casualty

Describe aviation cover: hull, liability, passenger and airport operator exposures, and standard exclusions

Explain motor policy structure: own damage, third-party property damage, third-party bodily injury, and personal accident benefits

Apply no-claim discount, betterment, depreciation and knock-for-knock to motor claim settlements

Distinguish public liability, product liability, professional indemnity, employers' liability and directors' and officers' cover by the exposure insured

Explain negligence elements (duty, breach, causation, damage) and how a liability policy responds to a third-party claim

Describe claims-made versus occurrence triggers and the effect of retroactive dates

Outline miscellaneous covers such as fidelity guarantee, money, and personal accident, stating the trigger for each

Explain how limits of indemnity, defence costs and aggregation clauses interact

Summarize the regulator's licensing, capital, solvency and market-conduct requirements for insurers and intermediaries

Explain the duties owed to customers at each stage: product design, disclosure, advice, and claims handling

Identify conduct risks such as mis-selling, churning, rebating and conflicts of interest, and the control that addresses each

Describe the complaints and dispute-resolution route and the record-keeping that supports it

Apply an ethical decision framework to three short dilemmas involving disclosure and claims

Review every domain using your own notes and the deliverables from weeks 1 to 7

Retake a 60-question mixed mock under timed conditions and score each domain separately

Re-teach your three weakest domains aloud or in writing without notes

Correct every mock error by writing the rule you missed and the reason you missed it

Confirm exam-day logistics and rehearse the time allocation per question