Question 1

1. What is the S-03 subject in the Insurance Surveyor examination?

Accepted Answer

S-03 refers to the Marine Cargo Insurance paper under the IRDAI-approved Insurance Surveyor & Loss Assessor pre-licensing examination, conducted by the Insurance Institute of India.

Question 2

2. Who conducts the Marine Cargo Insurance examination?

Accepted Answer

The Insurance Institute of India conducts the S-03 examination on behalf of the Insurance Regulatory and Development Authority of India (IRDAI).

Question 3

3. What is the exam pattern of the S-03 paper?

Accepted Answer

The S-03 Marine Cargo Insurance exam follows a Multiple Choice Question (MCQ) format and is conducted online.

Question 4

4. How many marks are there in the S-03 examination?

Accepted Answer

The S-03 examination consists of 100 marks.

Question 5

5. What is the passing percentage for the Marine Cargo Insurance paper?

Accepted Answer

Candidates need to score a minimum of 60% to pass the S-03 examination.

Question 6

6. How long is the duration of the S-03 exam?

Accepted Answer

The duration of the Marine Cargo Insurance paper is 2 hours.

Question 7

7. When is the S-03 exam conducted during the year?

Accepted Answer

The S-03 paper is conducted quarterly—in March, June, September, and December.

Question 8

8. What study material is recommended for the S-03 paper?

Accepted Answer

The III publishes a specific study course titled 'Marine Cargo Insurance' for S-03, which can be purchased online in English.

Question 9

9. Is the study material for S-03 available in Hindi?

Accepted Answer

No, the Marine Cargo Insurance paper material is available only in English as of 2025.

Question 10

10. Who is eligible to appear for the Marine Cargo Insurance examination?

Accepted Answer

Candidates must be enrolled with IRDAI as trainee surveyors and should have completed prescribed practical training and quarterly reporting.

Question 11

11. How can candidates enroll for the S-03 examination?

Accepted Answer

Enrollment must be done online via the Insurance Institute of India’s portal. Candidates can also enroll through Associated Institutes.

Question 12

12. What is the exam fee for S-03 Marine Cargo Insurance?

Accepted Answer

The exam fee per subject, including S-03, is ₹500 plus applicable taxes. Fresh candidates must also pay a one-time registration fee of ₹500.

Question 13

13. Can candidates book their own examination slot for S-03?

Accepted Answer

Yes, candidates can select the date, time, and examination center during the slot booking period after enrollment.

Question 14

14. Can candidates change their subject after enrollment?

Accepted Answer

Yes, subject change is allowed during the enrollment period for subjects with similar credit points.

Question 15

15. What if a candidate fails to book a slot for S-03?

Accepted Answer

If a candidate fails to book a slot manually, the system will auto-book an available slot. No refund will be issued.

Question 16

16. Where can candidates view the slot booking schedule?

Accepted Answer

Slot booking dates are mentioned in the Calendar of Important Dates section of the Examination Handbook and on III’s website.

Question 17

17. Is there any time limit to pass the S-03 examination?

Accepted Answer

There is no time limit to pass the S-03 examination.

Question 18

18. Can candidates download the S-03 hall ticket?

Accepted Answer

Yes, hall tickets can be downloaded online from the candidate login area of the III website during slot booking.

Question 19

19. Are printed hall tickets sent by post?

Accepted Answer

No, candidates must download hall tickets themselves. III does not send printed copies.

Question 20

20. Is there a scribe facility for candidates with disabilities for S-03?

Accepted Answer

Yes, eligible candidates can submit a scribe request 10 working days before the exam date.

Question 21

21. Where should scribe requests for the S-03 exam be sent?

Accepted Answer

Scribe requests along with required documents should be sent via email to mrm@iii.org.in at least 10 working days before the exam date.

Question 22

22. Is revaluation or re-totalling allowed for the S-03 examination?

Accepted Answer

No, revaluation or re-totalling of answer papers is not permitted for the S-03 or any surveyor exams.

Question 23

23. How can grievances related to S-03 question paper be raised?

Accepted Answer

Grievances must be submitted through the III Portal under the 'Question Paper Related Query' section. A fee of ₹100 plus GST is charged per query.

Question 24

24. Can I raise an S-03 grievance via email?

Accepted Answer

No, email submissions for question paper grievances are not accepted. All queries must be submitted through the candidate login.

Question 25

25. When will results for the S-03 examination be declared?

Accepted Answer

S-03 results are usually declared within one month after the exam session and are communicated via SMS/email.

Question 26

26. Will candidates see their scores immediately after the S-03 exam?

Accepted Answer

Yes, candidates will be able to see their raw scores immediately after completing the online exam.

Question 27

27. Can I obtain a printed copy of my S-03 result?

Accepted Answer

Yes, candidates may download or print their result using their login credentials on the III portal.

Question 28

28. Is audio format available for S-03 study material?

Accepted Answer

No, audio format is currently not available for the Marine Cargo Insurance subject (S-03).

Question 29

29. How can I purchase the S-03 study material?

Accepted Answer

Study material can be purchased online through the III portal under the Study Material → Purchase Online section.

Question 30

30. Can I return or replace the S-03 study material after delivery?

Accepted Answer

No, study material once dispatched is non-returnable and non-replaceable.

Question 31

31. What is the syllabus for the S-03 examination?

Accepted Answer

The syllabus covers principles of marine cargo insurance, underwriting, claims assessment, and relevant legal practices. Refer to the study material titled 'S-03 Marine Cargo Insurance' published by III.

Question 32

32. Can S-03 exams be taken at overseas centers?

Accepted Answer

Yes, III conducts S-03 exams at select overseas online centers. Candidates should verify center availability during slot booking.

Question 33

33. What should I carry to the examination center for S-03?

Accepted Answer

Candidates must carry a printed hall ticket and a valid government-issued photo ID.

Question 34

34. Are mobile phones allowed inside the S-03 examination hall?

Accepted Answer

No, mobile phones and books are not allowed inside the exam hall. Possession will be treated as unfair means.

Question 35

35. What happens if a candidate is found using unfair means during S-03?

Accepted Answer

Candidates found using unfair means may be temporarily or permanently debarred from III examinations.

Question 36

36. Can I apply for duplicate mark sheets for S-03?

Accepted Answer

Yes, a duplicate mark sheet can be requested for a fee of ₹300 via the 'Miscellaneous Payments' section on III’s website.

Question 37

37. How are changes in syllabus or regulations for S-03 communicated?

Accepted Answer

Changes are announced on the official III website and reflected in updated versions of the Examination Handbook.

Question 38

38. How many times can I attempt the S-03 exam?

Accepted Answer

There is no limit on the number of attempts for the S-03 examination.

Question 39

39. What if 10% or more of the S-03 questions are found erroneous?

Accepted Answer

If over 10% of the questions are erroneous, the exam will be declared void, and a re-exam will be conducted without additional fee.

Question 40

40. How can I contact III for help regarding the S-03 exam?

Accepted Answer

For S-03 exam-related queries, candidates can email mrm@iii.org.in or refer to the help manual on www.insuranceinstituteofindia.com.

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