Marine Hull Insurance Underwriting and Claims
Insurance Institute of India: Diploma Examination
Practice MCQs for III paper IC-70 Marine Hull Insurance Underwriting and Claims: ships and vessels as subject-matter, principles of marine insurance and the Marine Insurance Act, hull policy types, Institute Time Clauses (Hulls) and covers, builders' and ship-breaking risks, underwriting and rating, maritime-safety bodies (IMO/IACS), specialised and offshore oil & gas products, war & strike risks, P&I clubs and reinsurance, and hull claims including total loss, general average, salvage, collision liability and freight. 617 chapter-wise questions with worked explanations.
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IC-70 exam at a glance
| Course | III Specialised Diploma in Marine Insurance |
|---|---|
| Exam | 2 hours, online, multiple choice |
| Pass mark | 60% (75% for distinction) |
617 practice + 228 Enhanced Practice
Across 16 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1History and Overview of Marine Hull Insurance28 + 10 Enhanced questions28 + 10 Enhanced
History of marine hull insurance from ancient times and an overview of hull and machinery cover.
2Ships and Vessels - The Subject-Matter of Insurance38 + 15 Enhanced questions38 + 15 Enhanced
Types and categories of ships and vessels that form the subject matter of hull insurance.
3Principles of Insurance vis-à-vis Marine Hull Insurance42 + 15 Enhanced questions42 + 15 Enhanced
Fundamental principles of insurance applied to marine hull cover under the Marine Insurance Act 1963.
4Marine Hull Insurance and Types of Policies35 + 12 Enhanced questions35 + 12 Enhanced
Basis of marine hull insurance, time and voyage policies, and other types of hull policies.
5Various Marine Hull Covers and Clauses55 + 20 Enhanced questions55 + 20 Enhanced
Institute Time Clauses Hulls 1983 and 1995, International Hull Clauses, port risks, yachts and fishing vessels.
6Ship Building and Ship Breaking Risk Insurances30 + 12 Enhanced questions30 + 12 Enhanced
Shipbuilders' risk insurance under Institute clauses and insurance for ship breaking and the final voyage.
7Marine Hull Underwriting and Rating40 + 15 Enhanced questions40 + 15 Enhanced
Marine hull underwriting: vessel related risk factors, initial and renewal rating, and conditions by vessel type.
8Global Bodies for Maritime Safety - IACS and IMO26 + 10 Enhanced questions26 + 10 Enhanced
Ship classification societies, IACS and the International Maritime Organisation and their role in maritime safety.
9Specialised Hull Insurance Products35 + 12 Enhanced questions35 + 12 Enhanced
Specialised hull products: ship repairers' liability, charterers' liability, mortgagee's interest and port package insurance.
10Insurance of Oil and Gas35 + 12 Enhanced questions35 + 12 Enhanced
Oil and gas insurance: exploration and production, wells, energy package policies and single buoy mooring risks.
11War and Strike Risk Insurance26 + 10 Enhanced questions26 + 10 Enhanced
Government of India War Risks Scheme for marine hulls and Institute War and Strikes Clauses Hulls.
12Protection and Indemnity Clubs; Marine Hull Reinsurance28 + 10 Enhanced questions28 + 10 Enhanced
Protection and Indemnity clubs for shipowners' liabilities and how marine hull reinsurance works.
13Role of Various International Marine Insurance Associations40 + 15 Enhanced questions40 + 15 Enhanced
International marine insurance bodies such as IUA, ILU and IUMI, and the ISM code.
14Claims on Marine Hull Policies52 + 20 Enhanced questions52 + 20 Enhanced
Marine hull claims: types of losses, particular average and total loss, claims processing and survey reports.
15General Average and Salvage Claims52 + 20 Enhanced questions52 + 20 Enhanced
General average and salvage: principles, general average security, adjustment rules and disbursements insurance.
16Claims on Collision Liabilities and Freight55 + 20 Enhanced questions55 + 20 Enhanced
Collision liability under hull clauses, types of freight, and how freight claims are settled.
Draws from all 617 questions across every chapter, so no two attempts are the same.
The Advanced Mock Test draws from 228 Enhanced Practice questions.
IC-70: frequently asked questions
What does IC-70 cover?
IC-70 covers marine hull insurance: types of ships, hull policies and Institute clauses, shipbuilding risks, underwriting, oil and gas, war risks, P and I clubs, and hull claims.
Which course is IC-70 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-70?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-70 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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