Aviation Insurance
Insurance Institute of India: Associate Examination
Practice MCQs for the III Associateship paper IC-76 Aviation Insurance: introduction to aviation and the aviation insurance market, aviation insurance covers (AVN clauses), underwriting of general aviation, airlines and aerospace risks, aviation law and international conventions, aviation claims, aviation finance and leasing, and drone (UAS) insurance.
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IC-76 exam at a glance
| Level | Optional paper for Licentiate, Associateship or Fellowship |
|---|---|
| Credit points | 30 |
| Exam | 2 hours, online, multiple choice |
| Pass mark | 60% (75% for distinction) |
Across 9 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Introduction45 questions45
History of aviation, key features of the aviation industry, and the aviation insurance market.
2Aviation Insurance Covers45 questions45
Aviation covers: the AVN 1C aircraft policy and clauses, hull war cover, spares and other covers.
3Underwriting – General Aviation45 questions45
General aviation underwriting: what general aviation is, its operating features, and its special hazards.
4Underwriting – Airlines45 questions45
Airline underwriting: aviation safety, the ICAO safety plan, and key factors in rating airline risks.
5Underwriting – Aerospace45 questions45
Aerospace underwriting: risks of airports, bird strikes, refuelling, and maintenance, repair and overhaul firms.
6Aviation Law45 questions45
Aviation law: international conventions and protocols, third party liability laws, and bodies like IATA and ICAO.
7Aviation Claims45 questions45
Aviation claims: safety, accident investigation, accident categories, the AVS 103 clause, salvage and claim documents.
8Aviation Finance45 questions45
Aviation finance: aircraft leasing and financing, insurance for lessors and lenders, and avoiding double insurance.
9Drone Insurance45 questions45
Drone insurance: history and types of drones, the drone industry, drone rules and cover in India.
Draws from all 405 questions across every chapter, so no two attempts are the same.
IC-76: frequently asked questions
What does IC-76 cover?
IC-76 covers aviation insurance: aircraft hull and liability covers, underwriting general aviation, airline and aerospace risks, aviation law, claims, aircraft finance and drone insurance.
Is IC-76 compulsory?
No. IC-76 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-76?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-76 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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