Page 127 - Fire Insurance Ebook IC 57

The Insurance Times

(iii) Tariff extra for " Kuchcha" construction, if
applicable on " a - b ".

(iv) Discount for claims experience on " a - b + c ".
(v) Discount for FEA on protected blocks on a - b + c".

e. Procedure of computation of rate - The Fire
Insurance premium is based on certain basic
principles : (i) The rate of premium must be
commensurate with the physical hazards involved.
(ii) Risks are classified based on hazards evaluation,
into homogenous groups, comprising of more or less
same degree of risk exposure.

f. List out 10 hazardous goods - List of 10 hazardous
goods are :

(i) Celluloid Goods.
(ii) Coir loose.
(iii) Crackers & Fire works.
(iv) Any Explosives.
(v) Hay/ straw.
(vi) Jute loose.

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