Practice of General Insurance - IC 11 Practice Exam - RETIRED

Practice of General Insurance - IC 11 Exam


The Licentiate in General Insurance exam consists of three papers comprising of -

  • Principles of Insurance (IC 01)
  • Practice of General Insurance (IC 11)
  • Regulation of Insurance Business (IC 14).


The Practice of General Insurance - IC 11 exam focuses to study the markets – domestic and international both, with a focus on the documentation and processes, individual classes of business, underwriting, rating, claims and insurance accounting.


Course Outline

The Practice of General Insurance - IC 11 Exam covers the following topics - 

  • Module 1 - Understanding of General Insurance 
  • Module 2 - Overview of Policy Documents and Forms 
  • Module 3 - Overview of Fire and Marine Insurance 
  • Module 4 - Understanding Motor Insurance and Personal Liability Insurance 
  • Module 5 - Overview of Engineering and other insurance 
  • Module 6 - Learn and Understand the concept of Underwriting 
  • Module 7 - Understand concept of Ratings and Premium 
  • Module 8 - Overview of Claims 
  • Module 9 - Learn about Insurance Reserves and Accounting concepts


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