AssociateIC-57 · 2025 Edition

Fire and Consequential Loss Insurance

Insurance Institute of India: Associate Examination

Associate level elective for the General stream. Covers fire insurance basic principles and the fire policy, add-on covers and special policies, fire hazards and prevention, erstwhile tariff rules and rating, documentation, underwriting, legal and procedural aspects of claims, consequential loss (business interruption) insurance, and specialised policies and overseas practice.

✓11 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)

Individual module

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495verified practice questions

Across 11 chapters, every question reviewed and exam-aligned.

Chapter	Chapter Name	Questions
1	Basic Principles and The Fire Policy	45
2	Add On Covers and Special Policies	45
3	Fire Hazards and Fire Prevention	45
4	Erstwhile Tariff Rules and Rating	45
5	Documents	45
6	Underwriting	45
7	Claims - Legal Aspects	45
8	Claims Procedural Aspects	45
9	Consequential Loss Insurance - I	45
10	Consequential Loss Insurance - II	45
11	Specialised Policies and Overseas Practice	45

1 Mock Test

•100 random questions

•120 minutes

•Fresh questions every attempt

Draws from all 495 questions across every chapter, so no two attempts are the same.

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Chapters in this module

1. Basic Principles and The Fire Policy • 45 MCQs

2. Add On Covers and Special Policies • 45 MCQs

3. Fire Hazards and Fire Prevention • 45 MCQs

4. Erstwhile Tariff Rules and Rating • 45 MCQs

5. Documents • 45 MCQs

6. Underwriting • 45 MCQs

7. Claims - Legal Aspects • 45 MCQs

8. Claims Procedural Aspects • 45 MCQs

9. Consequential Loss Insurance - I • 45 MCQs

10. Consequential Loss Insurance - II • 45 MCQs

11. Specialised Policies and Overseas Practice • 45 MCQs

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