S-01 vs the Departmental Papers
One common paper, eight departmental ones. What each tests, where they overlap, and how to plan both.
III's pre-licensing exam for insurance surveyors has two sections. Section I is one common paper, S-01 Principles and Practice of Insurance and Survey and Loss Assessment. Section II is eight departmental papers, S-02 to S-09, one for each class of general insurance a surveyor can be licensed in.
A candidate sits S-01 plus the departmental paper for each department they enrolled for. The licence IRDAI grants names the departments, so the papers you pass decide the claims you can survey.
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The Nine Papers
S-01 Principles and Practice of Insurance and Survey and Loss Assessment
Section
I (common)
Licence department
All
S-02 Fire
Section
II
Licence department
Fire
S-03 Marine Cargo
Section
II
Licence department
Marine cargo
S-04 Marine Hull
Section
II
Licence department
Marine hull
S-05 Engineering
Section
II
Licence department
Engineering
S-06 Motor
Section
II
Licence department
Motor
S-07 Miscellaneous
Section
II
Licence department
Miscellaneous
S-08 Loss of Profits
Section
II
Licence department
Loss of profit
S-09 Crop
Section
II
Licence department
Crop
| Paper | Section | Licence department |
|---|---|---|
| S-01 Principles and Practice of Insurance and Survey and Loss Assessment | I (common) | All |
| S-02 Fire | II | Fire |
| S-03 Marine Cargo | II | Marine cargo |
| S-04 Marine Hull | II | Marine hull |
| S-05 Engineering | II | Engineering |
| S-06 Motor | II | Motor |
| S-07 Miscellaneous | II | Miscellaneous |
| S-08 Loss of Profits | II | Loss of profit |
| S-09 Crop | II | Crop |
How S-01 Differs From a Departmental Paper
Who sits it
S-01
Every candidate, whatever the department
Departmental paper
Only candidates enrolled for that department
What it covers
S-01
19 chapters: risk and the principles of insurance, insurance law, the survey profession, admissibility, assessment, reporting, accounting, grievance redressal, and an overview of fire, miscellaneous and marine insurance
Departmental paper
One class of business in depth: its policies, perils, and how losses in it are surveyed and assessed
Study material language
S-01
IC S01 course, English only
Departmental paper
Hindi and English, except S-09 Crop
Pass mark
S-01
60 marks out of 100
Departmental paper
60 marks out of 100
Fee
S-01
₹500 per paper, plus tax
Departmental paper
₹500 per paper, plus tax
| S-01 | Departmental paper | |
|---|---|---|
| Who sits it | Every candidate, whatever the department | Only candidates enrolled for that department |
| What it covers | 19 chapters: risk and the principles of insurance, insurance law, the survey profession, admissibility, assessment, reporting, accounting, grievance redressal, and an overview of fire, miscellaneous and marine insurance | One class of business in depth: its policies, perils, and how losses in it are surveyed and assessed |
| Study material language | IC S01 course, English only | Hindi and English, except S-09 Crop |
| Pass mark | 60 marks out of 100 | 60 marks out of 100 |
| Fee | ₹500 per paper, plus tax | ₹500 per paper, plus tax |
Where the Two Overlap
The last three S-01 chapters are product overviews: chapter 17 Fire and Loss of Profits (Fire) Insurance, chapter 18 Miscellaneous Insurance, and chapter 19 Marine Cargo and Hull Insurance. If your department is Fire, Loss of Profits, Miscellaneous or one of the marine papers, those chapters are the bridge into your departmental paper. Learn them well once and they serve both.
Chapters 12 to 14 (admissibility, loss assessment, reporting) are the method every departmental paper then applies to its own class. A candidate who is weak on average or salvage in S-01 will be weak on them in S-02 too.
Insurance principles questions. No signup.
Planning S-01 and Your Department Together
One way to sequence it, for a candidate taking one department.
- 1
Start with S-01 chapters 1 to 9
Risk, the principles, underwriting, types of loss, hazards and the law. Your departmental paper assumes all of it.
- 2
Then S-01 chapters 10 to 16
The survey profession, admissibility, assessment, reporting, accounts and grievances. This is the method.
- 3
Read your department's S-01 chapter next to its departmental material
Chapter 17, 18 or 19, whichever matches. If no S-01 chapter is a close match for your department, give the departmental material more time.
- 4
Practise numericals in both
Average, depreciation and salvage come up in S-01 and in the departmental papers.
- 5
Book with the 3-year limit in mind
A student member who does not pass the exam and complete training within three years of enrolment must enrol afresh. Sessions run in March, June, September and December.
What It Costs: A Worked Example
Fresh candidate, S-01 plus one departmental paper, both passed first time. Tax extra.
| Item | Fee |
|---|---|
| One-time registration | ₹500 |
| S-01 | ₹500 |
| S-02 Fire | ₹500 |
| Total before tax | ₹1,500 |
Adding a Department Later
A licensed surveyor can add a department, but must meet that department's own eligibility, including its qualification in Schedule-I of the Regulations. A Chartered Accountant, for example, is listed for Fire but not for Motor, which asks for a mechanical or automobile engineering degree or a three-year diploma.
FAQs
Is S-01 the same for every department?expand_more
Yes. S-01 is the common Section I paper. The departmental paper is what changes with the department.
How many departmental papers are there?expand_more
Eight: S-02 Fire, S-03 Marine Cargo, S-04 Marine Hull, S-05 Engineering, S-06 Motor, S-07 Miscellaneous, S-08 Loss of Profits and S-09 Crop.
What is the pass mark for S-01 and the departmental papers?expand_more
The III handbook sets it at 60 marks out of 100.
How much does it cost to sit S-01 and one department?expand_more
₹500 one-time registration plus ₹500 for each paper, so ₹1,500 plus tax for a fresh candidate taking two papers.
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