Marine Insurance Claims
Insurance Institute of India: Diploma Examination
Marine Insurance Claims covers the settlement of marine cargo claims: types of loss (total and partial, ATL and CTL, general and particular average); the key professionals in the claims chain (surveyors, average adjusters, salvors, recovery agents); the Marine Insurance Act 1963; international conventions (Hague, Hague-Visby, Hamburg, Rotterdam, Warsaw, Montreal) and Indian carriage statutes; the cargo survey process; worked case studies on real marine claims; and risk management in marine cargo. 400 practice MCQs across 8 chapters.
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IC-66 exam at a glance
| Course | III Specialised Diploma in Marine Insurance |
|---|---|
| Exam | 2 hours, online, multiple choice |
| Pass mark | 60% (75% for distinction) |
Across 8 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Types of Losses50 questions50
Types of marine losses, total and partial loss, general average and piracy as general average.
2Key Professionals Connected with Cargo Claims50 questions50
Professionals involved in marine cargo claims, from intimation of the claim to settlement and recovery.
3Marine Insurance Act 196350 questions50
Key sections of the Marine Insurance Act 1963 used to decide marine cargo claims.
4International Legislation/Rules vis-a-vis Marine Insurance50 questions50
International carriage rules for sea and air, including Hague-Visby, Hamburg, Rotterdam, Warsaw and Montreal.
5Indian Legislation/Rules vis-a-vis Marine Insurance50 questions50
Indian laws for marine cargo, including the Insurance Act, IRDAI rules, railways, road carriage and ports.
6Survey Process50 questions50
Marine cargo survey process, role of surveyors, types of surveys and methods of loss assessment.
7Case Studies on Marine Cargo Claims50 questions50
Case studies of real marine cargo claims applying policy clauses, the Marine Insurance Act and principles.
8Risk Management in Marine Cargo Insurance50 questions50
Risk management in marine cargo transit: types of risks, loss control measures and project cargo risks.
Draws from all 400 questions across every chapter, so no two attempts are the same.
IC-66: frequently asked questions
What does IC-66 cover?
IC-66 covers marine cargo claims: types of marine losses and general average, the Marine Insurance Act 1963, international and Indian carriage laws, the survey process, claim case studies and cargo risk management.
Which course is IC-66 part of?
The III Specialised Diploma in Marine Insurance. Since January 2016, diploma papers do not count as credit points towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-66?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-66 exam?
2 hours. It is an online exam with multiple choice questions.
When will I know my result?
You see your score right after the online exam. The formal result usually follows within about a month.
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