DiplomaIC-59 · 2024 Edition
Fire Insurance Rating and Underwriting
Insurance Institute of India: Diploma Examination
Practice MCQs for the III Specialised Diploma paper IC-59 Fire Insurance Rating and Underwriting: basic principles of fire insurance, underwriting and reinsurance, policy drafting and premium rating, tariff rules and IIB rating, product filing procedures, special policies and add-on covers, new fire products, petrochemical and large-risk policies, protection of policyholders' interests, IT applications 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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450verified practice questions
Across 11 chapters, every question reviewed and exam-aligned.
| Chapter | Chapter Name | Questions |
|---|---|---|
| 1 | Basic Principles | 41 |
| 2 | Underwriting and Reinsurance | 41 |
| 3 | Drafting of Policies, Calculation of Premium Rates and Issuance of Endorsements | 41 |
| 4 | Tariff Rules and Regulations and IIB Rating | 41 |
| 5 | Guidelines on Product Filing Procedures for General Insurance Products | 41 |
| 6 | Special Policies, Clauses and Add-on Covers for Standard Fire and Special Perils Policy | 41 |
| 7 | Introduction of New Fire Products | 41 |
| 8 | Petrochemical Insurance Policies and Other Large Risk Policies | 41 |
| 9 | Protection of Policy Holders' Interests | 41 |
| 10 | Information Technology Application in Fire Insurance Rating and Underwriting | 40 |
| 11 | Overseas Practice | 41 |
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt
Draws from all 450 questions across every chapter, so no two attempts are the same.
Chapters in this module
1. Basic Principles • 41 MCQs
2. Underwriting and Reinsurance • 41 MCQs
3. Drafting of Policies, Calculation of Premium Rates and Issuance of Endorsements • 41 MCQs
4. Tariff Rules and Regulations and IIB Rating • 41 MCQs
5. Guidelines on Product Filing Procedures for General Insurance Products • 41 MCQs
6. Special Policies, Clauses and Add-on Covers for Standard Fire and Special Perils Policy • 41 MCQs
7. Introduction of New Fire Products • 41 MCQs
8. Petrochemical Insurance Policies and Other Large Risk Policies • 41 MCQs
9. Protection of Policy Holders' Interests • 41 MCQs
10. Information Technology Application in Fire Insurance Rating and Underwriting • 40 MCQs
11. Overseas Practice • 41 MCQs
Exam-preparation material only. InsuranceGurukul does not sell insurance or financial products.