Important Points for IC 57 - Fire and Consequential Loss Insurance Exam
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Gross revenue is defined as 'the money paid or payable to the insured for services rendered in the course of the business at the premises'.
Risks covered under Petrochemical Tariff: Standard Fire and Special Perils Policy shall be issued to cover manufacturing risks, storage risks and miscellaneous blocks rateable under Petrochemical Tariff 2001
All premises and / or goods rateable are subject to the provisions of AIFT unless otherwise specifically provided.
All risks falling under this Tariff have to satisfy minimum requirements (related to fire protection and electrical installation) for granting cover
Applicable to Tank Farms: No tank used for storing Class A and B products has a storage capacity exceeding 30,000 K. Litres
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