III IC-90 case studies
III IC-90 · Put your knowledge to work in context.
IC-90 is a subject code in the numbering scheme used by the Insurance Institute of India (III), the body behind India's professional insurance examinations, its specialised diploma courses and its IRDAI-linked agent and broker examinations. Candidates normally encounter IC-90 as one paper inside a certificate, diploma or associateship pathway rather than as a free-standing qualification, so the practical question is which pathway lists it and whether it is currently open for registration or has been withdrawn. The III IC-90 case studies are 5 cases and about 3,084 words.
1Late Notice, Completed Demolition, and Mould on a Homeowners Claim
On 3 March a homeowners insured reports a burst supply line that occurred on 17 January. First notice to the insurer came 45 days after the loss.
682 words, about 3 min2Mixed Claim, Panel Counsel Conflict, and a Time-Limited Demand
A general contractor holds a CGL policy with a 2,000,000 each-occurrence limit and a 2,000,000 aggregate. A homeowner sues for 4,500,000, alleging two things in one complaint: defective workmanship in the contractor's own scope, excluded by the your-work exclusion, and negligent supervision of a roofing subcontractor whose tar kettle started a fire that damaged the neighbour's house, which is covered property damage.
628 words, about 3 min3Broker Asked to Misclassify Roofers and Omit a Prior Loss
A commercial insurance broker handles a roofing contractor with 900,000 annual payroll, 14 field employees, and an annual package premium of 18,000. The owner asks the broker to reclassify six roofers as clerical on the renewal application, saying it would cut premium by about $7,200 and that everyone does it.
586 words, about 3 min4Total-Loss Valuation Dispute on a Pickup Truck
An insured's 2019 half-ton pickup is a total loss after a collision. The insurer's valuation report sets actual cash value at 31,200 using three comparables: one 260 km away at 32,400, one with 30,000 more kilometres at 30,100, and one with prior accident history at 31,100.
596 words, about 3 min5Catastrophe Surge, Reinsurance Notice, and an Over-Limit Warehouse Risk
A managing general agent writes small commercial property risks under a binding authority of 2.5 million per risk. It has a catastrophe reinsurance treaty with a 4 million retention per event and a 30 million limit.
592 words, about 3 min