Annexure I Syllabus for training and examination for Insurance Brokers Compulsory Subjects: 1) 2) 3) 4) 5) Insurance Broking Principles of Insurance

e Insurance Business Environment Law and Economic of Insurance Risk Management

Optional Subjects: 1) 2) 3) 4) 5) 6) 7) 8) 9) 10) 11) 12) 13) 14) 15) 16) 17) 18) 19) 20) 21) 22) Mathematical Basis of Life Assurance Statistics Life Assurance Underwriting Application of Life Assurance Legal Aspects of Life Assurance Life Assurance Management Life Assurance Finance Hazards of Specific Industries General Fire Hazards Fire Insurance Underwriting Consequential Loss (Fire) Insurance Fire Insurance Claims Cargo Loss Prevention Commercial Geography Marine Clauses Marine Underwriting Marine Insurance Claims Agricultural Insurance Motor Insurance Personal Accident, Sickness & Miscellaneous Insurance Liability Insurance Engineering Insurance

The Direct Insurance Broker will have to select 3 subjects from Optional group and has to pass in addition 5 compulsory subjects. The Reinsurance Broker will have an additional subject of Reinsurance (Principles and Practice) to be passed in addition to the 8 subject required of Direct Broker. A Broker transacting Life Insurance Broking will have to have qualified personnel qualifying for Life stream subjects (Optional papers) Sr. Nos. 1-7.

Similarly, for General Insurance Broking, in addition to Compulsory subjects, any 3 courses from Sr. Nos. 8-22 will have to be completed. ANNEXURE

Insurance Broking

CHAPTER 1 ROLE & NATURE OF INSURANCE BROKING SERVICES Role of Insurance Broker (Based on IRDA Regulations) Insurance programme Quotations and tenders New business Alterations- Renewals Claims Role Survey Risk Management Reinsurance arrangement including servicing Code of Conduct Ethics. Nature of Insurance Broking services Definition of Broker Advantages & Limitations of Broking services Role of Broker in Distribution & Servicing - Duty of disclosure.

CHAPTER 2 RISK ANALYSIS/LIFE INSURANCE SELECTION Identifying and assessing client needs process and methods of risk analysis Portfolio Analysis Risk identification techniques Risk Management Examining financial position of an organization Organisational activity and process On site inspection Statistical record analysis Contract analysis Loss frequency Severity Risk control & Risk finance techniques Identification of uninsured risks Policy documentation. Life Insurance Underwriting need for Selection Methods of Selection Factors of Insurability- Numerical Rating Method- Standard Life and Extra Mortality Extra Mortality rating Methods of rating sub-standard risks Extra premium Lien decline Postpone Medico Actuarial Investigations. CHAPTER 3 MARKETING & PLACEMENT OF INSURANCE

Marketing & Placement of Insurance Market Sectors Marketing process Marketing Strategies Financial security of Insurer Selection criteria Channels of distribution Service standards of Insurers Products & Services Placement & Hold cover procedure Coinsurance & Reinsurance Procedure Duties of broker in placing business Information to be disclosed to clients, insurers & reinsurers Functions of a brokers placing slips Standard brokers placing slip

CHAPTER 4 CUSTOMER SERVICE Efficient & Effective Continuing service programme Customer service manuals. (As per IRDA Benchmarks) Comparison of products Developing Client Product portfolios Relationship of each product to overall programme. Insurance Claims Service Responsibility of broker to insured Claim documentation - Procedure for claim settlement (Life & Non-life) Responsibility of Broker to Insurer Claims procedure Direct business claims procedure Coinsurance and Reinsurance Relationship between Broker-insurer Surveyor In claim management process of negotiation and settlement Rights & Obligations of Clients Servicing Claims.

CHAPTER 5 ORGANISATION OF BROKERS OFFICE

Business Accounting for Insurance Broker Essential features of Accounting systems Clients file & record Accounting Standards Annual returns to IRDA. Structure Specialist / General Broking units Information Technology for Brokerage firm.

CHAPTER 6 LAWS & REGULATIONS BEARING ON A BROKER Insurance Act, Contract Act, IRDA Act, Marine Insurance Act, The Carriage of Goods by Sea Act, The Merchant Shipping Act, The Bill of Lading Act, The Indian Ports Act, The Carriers Act, Indian Railways Act, The Indian Post Office Act, Carriage by Air Act, Multi-Modal Transportation Act, Motor Vehicles Act, The Inland Steam Vessel Amendment Act, Public Liability Insurance Act, Workmens Compensation Act, Sale of Goods Act, The Indian Stamp act, Foreign Exchange Management Act, Consumer protection Act, Insurance Ombudsman Act. CUMPULSORY SUBJECTS 01 Principles of Insurance

The concept of Risk Kinds and classification of risks- Assessment Transfer The concept of Insurance Classification of Insurance Types of Life Insurance, Pure and Terms Types of General Insurance, Fire, Marine, Motor, Engineering, Aviation and Agriculture Insurance of Property, pecuniary interest, liability and person. Insurance professionals and intermediaries Basic principles of Insurance Utmost good faith Insurable Interest Material factsIndemnity Proximate cause. Economic Principles of Insurance- sharing Subrogation Contribution. Legal principles of Insurance - The Indian Contract Act,1872 Insurable Interest Nomination and assignment Utmost Good faith indemnity Subrogation Contribution Proximate Cause. Financial principles - Premium funds Investments Reserves Surplus-Valuations of Surplus. Theory of rating Actuarial principles Mortality Tables Physical and Moral Hazard Representations Warranties Conditions Risk appraisal Risk Selection underwriting. Reinsurance Concept and Methods. 02. Insurance Business Environment

The Legal Environment, the Insurance Act, 1938 (as amended), Life Insurance Corporation Act,1956 General Business (Nationalisation) Act, 1973, Insurance Regulatory Authority (Proposed)

Motor Vehicles Act, 1939 & 1988. The Inland Steam Vessels, 1917 (as amended) Marine Insurance Act, 1963, The Carriage of Goods by Sea Act, 1925, The Merchant Shipping Act, 1958, The Indian Railways Act, 1890 (as amended), The Carriers Act, 1865, The Carriage by Air Act 1972, Workmens Compensation Act, 1923, Employees State Insurance Act, 1948, The Indian Stamp Act 1899, Consumer Protection Act, Arbitration Act, Lok Adalats. The Economic Environment, Indian Economy, Globalisation and Liberalisation, Agricultural Sector, Industrial sector, Small Scale Sector, Tiny Sector, Role of Insurance in International Economy, Monopoly and Competition Demographic Factors. GATT. : Most Favoured Nation Clause, Tariff Negotiation W.T.O. Public Sector, Private Sector, Joint sector, Chamber of Commerce. The Commercial Environment, Home Trade, Wholesale, Retail, Foreign Trade, Imports, Exports, Documents used Export Promotion Council, Export Pricing, Forms of Business Organisation, Sole Trader, Partnership, Joint Stock Company, Types of Companies, Memorandum and Articles of Associations, Types of Capital, Co-operative Organisation. Warehousing Transport Rail, Road, Inland, Water, Sea, Air, Shipping System, All India Shippers Council. The Financial Environment, Role of Insurance in National and International Economy, Role of Financial Institute, Insurance Companies, Financial Market structures and functions, Mutual Funds, Non Banking Financial Companies Housing Finance , Banking, Leasing Hire Purchase Financing, Investments, Basic Accounting Systems, Trial Balance, Revenue Account, Profit & Loss Account, Balance Sheet, Bank Reconciliation Statement, Audit & Inspection. Office Organisation: Inward / outward Mail Filing Systems, Business Correspondence, Methods of Communication. Insurance Business outside India. 03. Law and Economics of Insurance

Law The Principles of law of contract (India Contract Act, 1872) Ingredients of a valid contract Modes of discharge of contracts Contracts of indemnity and guarantee Bailment Assignments Law of agency Law of arbitration application to Insurance. Laws regulating insurance business Life Insurance Corporation Act, 1956 General Insurance Business Nationalisation Act, 1972 Insurance Act, 1938. Economic Economic Analysis Concept of equilibrium Resource allocation- Concept of supply and demand Theory of production Analysis of costs Theory of distribution Equilibrium price under different market structures non-price competition Application to insurance. Concept of social control and nationalization Economics of public enterprise and insurance, Monopolies and Restrictive Trade Practices Legislation. 04 Risk Management 5

Risk and uncertainty Subjective risk attitudes to risk Acceptable risks versus unacceptable risks classification of risk The cost of risks Handling risks. The scope and objective of risk management in corporate bodies, nationalised industries, local government and public utilities personal risk management. Risk management process and administration. Techniques of risk managements Risk identification Risk evaluation Statistical methods and probability concepts Decision taking under conditions or risk and uncertainty Risk avoidance Risk reduction and loss control The factories Act, 1948 Role of Insurance Surveyors in loss prevention Mutual Aid Schemes. Risk financing Risk retention Risk Transfer Insurance Benefits and limitations Partial insurances Captive insurance companies. Risk management and corporate objectives Risk management policy Risk management and functional management. 05. Mathematical Basis of Life Assurance OR

Elements of compound interest, accumulated value and present value-nominal and effective rate of interest immediate annuities certain and deferred annuities certain perpetuities functions included in compound interest tables and their uses. Redemption of loans Sinking funds average interest yield on the fund of a life office. Elementary theory of profitability mortality table concept of stationary populationexpectation of life select rates. General nature construction, characteristics and uses of morality tables, mortality of Indian assured lives Oriental 1925-35 experiences LIC (1961-64) table, LIC (1970-73) table and LIC (1975-79) table. Premiums General principles natural premiums level premiums net premiums office premiums loading for expenses with profit and without profit premiums adequacy of premiums and relative consistency use of commutation function in finding values of premiums and assured benefits. Life office valuations general principals policy values retrospective and prospective methods of valuation of liabilities different methods of valuation concept of estate and trading profit special reserves and adjustments in valuation sources of surplus methods of distribution of surplus.

05.

Statistics

Statistics: Elementary statistical methods tabulation, diagrammatic, representation and frequency distribution measures of location and dispersion. Sampling different methods of sampling surveys sampling errors and non-sampling errors. Probability conditional probability joint and marginal probability independent events Bayes theorem probability distributions. Estimation interval estimation confidence intervals determination of sample size testing of hypothesis type I and type II errors students distribution one tail test and two tail test. Analysis of variance (including Latin square) co-relation and regression time series index numbers (candidates will be supplied with graph sheets and log tables in the examination. They may also make use of their own calculating machine in the examination).

OPTIONAL SUBJECTS (MIN IUM 2 SUBJECTS) 01. Life Assurance Underwriting

Need for and purpose of selection : Underwriting policy in relation to the objectives of an Insurer. Factors affecting rates of mortality family history, personal history, build/present health, occupation and environments Moral hazard Financial under-writing Female lives Concept of human life value Capital fund need analysis. Main sources of information for the insurer to determine the various factors affecting rates of mortality, Medico-actuarial investigations, insurance medicine. Concept of extra-mortality incidence of extra risk. Methods of providing for extra-mortality Extra premiums, lien exclusion of specific risks by clauses. Methods of underwriting rating up age Numerical rating method etc. Sources of underwriting data - :Proposal, Personal Statement, Medical Report Special examination and tests Inspection Reports by Agents and Field staff Medical Organisation. Non-Medical Underwriting Revival underwriting Group underwriting. Occupational hazards Army, Navy and Aviation personnel, Professional Athletes, Boxers, Wrestlers, Mountain Guides, Gymnasts, Divers etc. Well known impairments Their effect on longevity Analysis of such effect according to different plans of assurance Special medical tests Their utility for underwriting. Miscellaneous problems Reconsideration of extra charges Double Accident & Disability benefits. Keyman Insurance Partnership Insurance.

02.

Application of Life Assurance

Growth of Life Insurance in India: Basic Principles of Life Insurance Co-operation Large numbers Equality or risks Foundation of Underwriting Practice Premium Concept Insurable Interest Legal Aspects Prior investigation Transparency & Disclosures Cooling off period Function of Life Insurance Total Personal Financial Planning Risk Management & Life Insurance as its basics Economic-basis of Life Insurance for individuals for family for businesses for tax planning Life Insurance Products Elements of Life Insurance Pricing Basic plans of Life Insurance Emergence & Nature of New products in Advanced countries Flexible Premium Plans Universal Life Policy Special Types of Whole Life Policies Family Protection Policies. Business Uses of Life Insurance Key Man Protection Business Protection (Partnership Insurance) Employer Financed Policies on the Life of Employee Salary Savings Scheme: Uses, administration & problems window on the world Funding Buy - Sell Agreements with Life Insurance Enhancement of Credit Employee Compensation Plans Industrial Life Insurance. Group Life Insurance Group Vs. Individual Basic Features eligibility, size of group; benefits available, financing mode Group Selection philosophy & process, Experience rating, Reserves. Group coverages offered elsewhere Group Seminar Income Benefit Association Servicemens Group Life Insurance Estate Employees Life Insurance Group Disability Income Plans. Pensions and Group Superannuation Financial Gerontology : Economic Problems of Aging. Historical Evolution of Pension Plan Govt. & Other Private Pension Scheme Legal Provisions. Social Security: Govts Role & Contribution of LIC of India Economic & Social Security Govt. measures for social security. Health Schemes, Poverty alleviation measures LICs Contribution : LALGI Scheme, IRDP Scheme, Other Schemes Growth of Social Security Concept & Practices in Advanced Countries. 03. Legal Aspect of Life Assurance

Definition and Sources of Law Administration of Justice in India Powers of Supreme Court and other courts and tribunals. Life Insurance Contracts Basis of Contract Representation and Warranties Duty of Disclosure Section 45 of the Insurance Act 1938 Fraud Indisputability of Life Policies Case Law on the subject. 9

Wagering Contracts Modification of the Principle of Indemnity in Life Insurance Human Life Value Concept Key-man Insurance Presumption of Insurable Interest Case Laws. Group Life Policies Contracting Parties Annuities Reinsurance Legal Implications. Assignment of Polices under section 38 of the Insurance Act 1938 Nomination under section 39 of the Insurance Act 1938 Policies under Trust Section 6 of the MWP Act Loss of Policies. Actionable Claim Tenancy Tenancy in Common Mortgage of Life Polices Provision of Indian Stamp Act. Different kinds of Proofs of death - Various forms of Evidence of Testate and Intestate Succession Presumption of Death Indemnity & Guarantee Interpleads Suit Garnisher Attachments and Prohibitory Orders Provisions of Limitation Act as applicable to Insurance Contracts. Agency Contract Licence to act as Insurance Agent Authority of a life Insurance Agent Rights and Responsibilities Agents Compensation and hereditary Commission Termination of Agency Nomination facility. Exchange Control Regulation Collection of Premiums and Claim Procedure of Polices issued to NRIs. Provisions of Insurance Act as regards Investment of Life Fund Recommendations of the Committee in this regard. Consumer Protection Act 1986- Its Implications to Life Insurance Industry in India The U.K. Practice of Self Regulation Organisation Constitution of IRDA in India - LAUTRO in U.K. Life Insurance Legislation Abroad Insurance Companies Act 1982 and Financial Service Act 1986 both of U.K The Life Insurance Law in the European Community Life Insurance Laws in U.S.A. 04. Life Assurance Manage

Principles of organisation Different structures Office procedures Handling grievances. Consumer Protection Act Office management Records Work simplification forms control. 10

05.

Life Assurance Finance

Basic of Accounting Systems. Life Insurance Accounting Legislation Procedures Investments. Balance Sheet Revenue Account Ratios Analysis Trends. Controls Audit Budget. Accounting standards New concepts Taxation. 06. Hazards of Specific Industries

The processes, fire hazards, loss prevention measures and special features and insurance requirements of the following: 07. Warehouses and godowns Cotton ginning and oppressing factories Textile Industry Tea Industry Rubber Industry Paper Industry Chemical Industry Solvent extraction plants Engineering industries Jute industry Power Plants/Industries Cigarette factories Match factories

General Fire Hazards

Originating and contributory causes of fire hazards. Fire load - Fire resistance Fire grading of structures- hazards arising from construction. Tariff classification of Bldgs., Hazards arising out of exposure, height, size and multiple occupancy Silent Risks. Hazards of air-conditioning and ventilation system. Air moving equipment, Refuse handing systems and such other services. Hazards of boilers and furnaces 11

08.

Industrial furnaces /ovens Heat transfer and fluid power system Internal combustion engines Nature of combustion, explosion and implosion. Inorganic and organic chemicals and their hazards. Industrial processes Night work. Hazards of electrical equipment Power transmission. Hazards of State electricity. Misuse of electricity Prevention of electrical hazards. Hazards of dangerous atmosphere Assessment and prevention of fire hazardous of substances Spontaneous combustion. Fire protection and detection systems Management and good housekeeping Role and function of LPA and Fire Brigade Mutual Aid Schemes.

Fire Insurance Underwriting Insurable property Application of Basic Principles Coverage under various Fire policies Special Perils, Exclusions, Policy conditions and clauses. Documents Proposal Form Risk Inspection Report Cover Note Policy R. Notice. Tariff Rules and Regulations, Rating. Building Regulations, Electrical Regulations Building Regulations F. E. A. Regulations Special Rating Scheme Warranties. Godowns and warehouses, High rise buildings, Material in the open, Manufacturing risks, Special policies Reinstatement value policies Floating policies Declaration policies Buildings in construction Pipelines outside the compound of industrial complex Petrochemicals Fire Loss Prevention PML Fixation Retentions and Reinsurance methods New developments

09.

Consequential Loss (Fire) Insurance

History, evolution and scope Effects of interruption Conditions and exclusions. Underwriting Rating Forms Determination of loss. Extensions and additional perils. 10. Fire Insurance Claims

The law relating to fire insurance contracts Indian Contract Act, Common Law Principles of utmost good faith, insurable interest indemnity, subrogation and contribution. Coverage under policies, A/B/C Conditions and Warranties. 12

Claims under special policies, special perils extensions and other extensions of the policy. What constitutes a loss? Doctrine of proximate cause onus of proof Rights and duties of parties. Ascertainment of amount of loss payable. Average and escalation clause. Salvage.

Appointment of loss under double insurance and concurrent and non-concurrent policies. Office procedures relating to claims functions and duties of surveyors Process of loss surveying and loss assessment Final survey report Miscellaneous legal aspect Waiver Estopper Without prejudice ex-gratia payments Payments by mistake Payments to persons other than the insured assignment of claim proceeds rules for construction of policies, ejusdem generis rule. 11. Cargo Loss Prevention

Types and causes for marine cargo loss. Role of Insurers in cargo loss prevention. Activities and role of L. P. A. (Loss Prevention Association) and IUMI (International Union of Marine Insurers). Packing and Packaging: Progress made in other countries of the world. Various types and methods of packing. Role of Indian Institute of Packaging. Storage of cargo: Factors affecting safety of cargo in storage. Staking methods for bagged cargo, cases, cartons, bales, barrels, drums, C. I. Sheets, pipes and bars, etc. Special precautions for storage of hazardous cargo. Material handling: Safe handling practices for various types of packages and cargo. Road transportation of hazardous substances Motor Vehicles Act and Rules Loading and unloading operations and suitability of cargo handling gear, safe working practices and systems. Common causes of loss/damage to cargo during inland transit by rail/road and minimization of losses. Stowage on board ships: Types of damage cargo can suffer from improper stowage and how this can be avoided through correct preparation of cargo holds to receive various types of cargo. Unitisation and containerization: Major types of losses to which unitised/container cargo is prone to General stowage rules for safe carriage of unitized cargo containerization of dangerous cargo JMDG Code Multi Modal transportation.

13

Theft/pilferage: How it arises in respect of various types of packing and the precautionary measures recommended to minimize/prevent this type of loss. Ports and customs procedures. 12. Commercial Geography

Scope and relevance to marine insurance International trade and factors governing supply and demand. Study of basic geographical concepts, like the Solar System, Latitudes and Longitudes, sea depth distribution, ocean currents, tides, coral reefs and islands, etc. Earthquakes and volcanic eruptions and areas prone to these catastrophes. Institute Warranties and their application. A detailed study of the main sea routes of the world, including Suez and Panama Canal Routes and geographical and commercial factors involved. Rail and Road Transportation Coastal trade, Air transport

The attributes of ports, harbours and hinterlands, Principal ports of the world including a study of conditions in each such port, Geographical location, extent of commercial importance and facilities available for handling and storing cargo etc. Major principal commodities, conditions required for their growth and production and their traffic or movement in world trade. Commodities involved are cereals, grain and pulses, fruits, vegetables oils, beverages, spices, meat and dairy products, metals, fuel, fertilizers, etc. A study of maritime hazards and the locations where they occur. 13. Marine Clauses

S. G. Form and the New MAR form of the Marine Policy Endorsements Institute of London Underwriters Technical and Clauses Committee of I. L. U. Fishing Vessels Clauses. Institute clauses for Hull, Freight, and cargo used in the international market Non Institute clauses Institute Standard Conditions for Cargo Contracts Clauses used in India Sailing Vessel clause Inland Vessels clause Trading Warranties. Trade Clauses. Duty and increased value insurance clause sellers contingency clause Rejection Insurance Clause. Duty Exemption Scheme Marine policy form. 14

Special Declaration Policy and Annual Policy for inland Transit Inland Rail/Road Transit clause F.O.B. Shipments Registered Postal Sendings Clause for Diamonds and Precious stones exports. 14. 15. Marine Underwriting Marine insurance market in India and the U.K. Marine Insurance associations and marine publications. International and domestic trade Markets, parties to a contract and role of intermediaries. Contracts of sale-Incoterms. Finance for trade (Bill of exchange, documentary credits, etc.) Underwriting documents Rules of interpretation Payment of premium Stamp duties Exchange control regulations regarding payment of premiums. Risks and rating factors in Cargo Underwriting. Types of commodities, methods of packing, stowage and their susceptibility to loss or damage extraneous risks and their effects on cargo. Containers, pallets and multi-modal transport systems and the particular characteristics of these systems. Common types of vessels including their operating and risk characteristics. Types of policies to cover shipowners insurable interests. Salient features of Institute Time Clauses Hulls (1.10.83) Hull underwriting and rating. P&I cover in general. Types of maritime frauds and precautionary measures for their prevention. Abbreviations Shipping, insurance and commercial terms. New developments in underwriting in the international market. Marine Insurance Claims

A thorough understanding of the Marine Insurance Act, 1963 and Rules for construction of Policy and other statutes having a bearing on claims such as The Indian Carriage of Goods by Sea Act, 1925, the Indian Railways Act, 1890 (as amended), Indian Carriage by Air Act, Merchant Shipping Act, Multi-modal Transportation Act, etc. Types of Losses and the measure of indemnity applicable to them. Presentation, adjustment and settlement of claims in respect of Cargo Hulls Freight Collision liabilities General Average Salvage and Salvage charges 15

Particular charges including Sue and Labour

Purpose, scope, application and effect on claims settlements of salient features of the following: York-Antwerp Rules, 1974 and amendments Rules of Practice of the Association of Average adjusters. Exchange Control regulations regarding payment of claims.

Effect on claims settlements of abandonment subrogation recoveries

Cargo clearance procedures and documentation. Liabilities and immunities of ocean, land and air carriers under respective statutes. Role and functions of specialists and organizations including claims settling agents, average adjusters, hull and cargo surveyors, salvage association. 16. Agricultural Insurance Agricultural situation in India Types of agricultural insurance Organisation transacting agricultural insurance. History of crop insurance in India Crop insurance underwriting and settlement of claims Hail insurance Problems of crop insurance Crop insurance in other countries. Cattle wealth in Indian rural economy Types of cattle and buffaloes breeds and their characteristics Common diseases Veterinary infrastructure Valuation of cattle Premium rate structure Methods of identification Cattle insurance policy Loss assessment and settlement of claims and Loss minimization. Poultry insurance Insurance of pigs, sheep and goats, camels, etc. other miscellaneous agricultural insurance Aquaculture, silkworm, honeybees, plantation, horticulture, floriculture, bio-gas, animal driven cart Farmers Package policy Hut insurance scheme New covers, Janta Personal Accident, Gramin Accident, Agricultural pump sets. Reinsurance Motor Insurance

17.

History of motor insurance Application of basic principles of insurance Types of vehicles Types of policies The Motor Vehicles Act, 1939, as amended Important legal decisions. 16

Scope of cover under different types of policies Tariff Rules and Regulations Proposal forms Underwriting Rating Extras and discounts Cover notes/Certificate of insurance Policy forms endorsement Renewals Claims processing and settlement MACT Lok Adalat/Lok Nyayalaya Jald Rahat Yogana. Motor Claims Forms Check lists minimization programme. 18. Personal Accident, Sickness & Miscellaneous Insurance

Personal Accident Insurance Basic Principles Coverage and Benefits Provisos and Exclusions Rating Extensions Discounts Claims procedures Group policies. Mediclaim Benefits Exclusions Discounts Conditions Group Claims Cancer policy Deferred mediclaim. Overseas medical - Benefits and conditions Exclusions Overseas practice. Types Burglary Scope Exclusions Extensions Underwriting Survey Claims. Baggage Underwriting Claims Money in transit Exclusions Conditions Extensions Underwriting. Fidelity guarantee Coverage Types Conditions Underwriting Investigation Court Bonds Liquidator and Receivership Bonds Government bonds Bankers Blanket and Jewellers Block policies Exclusions Conditions Rating Claims Other miscellaneous policies Pedal cycle Plate glass Special contingency Missing documents - Neon sign Blood stock (Horse) Pet dog Sports Television Shopkeepers Householders Multiperil for LPG (Gas) dealers Doctors package Office protection Adhikari Suraksha Kavach Suhana Safar. Rural Insurance Cattle Sheep Poultry Shrimps Prawns Other Livestock Seller norms, Horticulture, Lift irrigation, Salt works, Farmers package, Personal Accident Social Security, Hut Coverage, Exclusions and conditions Claims procedures Market agreements. 19. Liability Insurance

Excluding Liability Insurance covers, issued in Motor Insurance, Engineering Insurance, Marine Hull Insurance & Aviation Insurance. Application of basic principles of insurance Legal aspects Law of torts Statutory liabilities Compulsory Liability Insurance Act National Environment Tribunal Act Contractual liabilities Historical background. 17

Cover under Public liability policies for non-industrial risks and industrial risks and under products liability policy. Extensions and endorsements Proposal forms and Risk Assessment forms, methods of rating Rules of Market Agreement. Compulsory public liability insurance Provisions of Public liability Insurance Act, 1991 and the Rules framed thereunder, Proposal form and the methods of rating Professional indemnities Coverage, methods of rating and proposal form. Directors and Officers Liability insurance. Workmens Compensation Act, 1923 (as amended) Employers Liability Insurance coverage, methods of rating, proposal form Tariff Rules. Claims processing and reinsurance. 20. Engineering Insurance Scope of Engineering insurance Origin and development of engineering insurance Application of basic principles. Types of plant and associated hazards Engines, Refrigerating plant and general machinery Lifts, cranes, material handling plant and equipment Boilers, pressure plant and electrical machinery. Contractors All Risks Scope of cover, rating, underwriting and claims processing under different engineering policies Erection All Risks Marinecum-Erection. Contractors Plant and Machinery Boiler and Pressure Plant Machinery Breakdown Loss of Profits following machinery breakdown/boiler explosion Advance Loss of Profits Deterioration of stock in Cold Storage Electronic equipment Miscellaneous engineering policies Tariff provisions. Surveys and Risk Inspection Statutory regulations. Loss Prevention and Minimisation Reinsurance.

18

19