III IC-89 case studies

III IC-89 · Put your knowledge to work in context.

The Insurance Institute of India (III) publishes a subject code IC-89 within its professional examination catalogue, but the institute's dedicated IC-89 page could not be retrieved: the permitted URL returned an HTTP 404 Not Found error on 2026-11-05. Because of that, this page cannot responsibly state what IC-89 covers, who is eligible to take it, how many questions it contains, how long it runs, what it costs, or what score passes. The III IC-89 case studies are 5 cases and about 5,252 words.

Fire claim on a reinstatement-value policy: average clause, warranty breach and an undisclosed addition

Vasundhara Textiles runs a spinning and processing unit in Coimbatore. Its Standard Fire and Special Perils policy, renewed on 1 April, carries a sum insured of ₹8 crore on building, plant and machinery and stock, declared on a reinstatement-value basis.

1,010 words, about 5 min 2

Deck-stowed container lost overboard: cargo cover, general average and the twelve-month time bar

A Chennai exporter ships 400 cartons of machined auto components to Rotterdam under a CIF contract, insured under the buyer's open cover on Institute Cargo Clauses (A) from warehouse to warehouse. The container is stowed on deck, with the carrier's bill of lading expressly noting on-deck stowage and the shipper's agreement to it.

1,065 words, about 5 min 3

Cheque dishonoured, policy cancelled, then a third-party accident: who pays?

A fleet operator insures fourteen goods carriages under a commercial vehicle package policy. The premium for vehicle TN-38-AB-1234 is paid by cheque on 3 May and the policy is issued with cover from 4 May.

1,041 words, about 5 min 4

Collapse of an elevated corridor span: CAR policy, defective design and the scope of rectification costs

A highway contractor is executing a ₹140 crore elevated corridor for a state authority, under a contract that requires the structure to be handed over at the specified concrete grade. The work is insured under a Contractors' All Risks policy with a works sum insured of ₹25 crore, the standard design-and-construction endorsement and the LEG 2 defective-design exclusion.

1,116 words, about 6 min 5

Export of battery packs to Texas: territorial limits, unauthorised goodwill payments and subrogation

A Bengaluru manufacturer of lithium-ion battery packs for e-scooters insures its products liability under a policy with a limit of ₹5 crore per occurrence and in the aggregate, territorial limits India, and jurisdiction India. It exports a consignment of 800 packs to a distributor in Texas in February.

1,020 words, about 5 min