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)
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450verified practice questions

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

ChapterChapter NameQuestions
1Basic Principles41
2Underwriting and Reinsurance41
3Drafting of Policies, Calculation of Premium Rates and Issuance of Endorsements41
4Tariff Rules and Regulations and IIB Rating41
5Guidelines on Product Filing Procedures for General Insurance Products41
6Special Policies, Clauses and Add-on Covers for Standard Fire and Special Perils Policy41
7Introduction of New Fire Products41
8Petrochemical Insurance Policies and Other Large Risk Policies41
9Protection of Policy Holders' Interests41
10Information Technology Application in Fire Insurance Rating and Underwriting40
11Overseas Practice41
1 Mock Test
•100 random questions
•120 minutes
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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

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