Important Points for IC 57 - Fire and Consequential Loss Insurance Exam
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The Tank/Gas Holders (Section VII) section provides representative rates for gas holders and tanks located outside the compound of industrial/manufacturing risks.
Valued policies are issued only for items for which market value cannot be ascertained.
Under storage risks (Section VI), rates are provided for different types of goods stored in godowns or silos or in the open outside the compound of industrial risks.
Long term policies are issued for 36 months or more for dwellings.
Under utilities (Section , rates are provided for utilities located outside the industrial/manufacturing risks.
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