Paper 16 — the relevant examination for the purposes of the SFC’s eligibility criteria for Type 6 representatives or relevant individuals engaged in sponsor work. 2007-11-26. Agents will also have their name and company details published on the CCG Finder and in the Qualified Education Agents (QEA) app for smartphones, containing the names of more than 10 000 qualified agents worldwide. During 2018, the Hong Kong insurance industry's total gross premiums increased by 5.2% to HKD514.5 billion. Reinforcing Standards. insurance services to the Hong Kong public from a place outside Hong Kong will also be caught and required to be licensed if the insurance services marketed would constitute a regulated activity in Hong Kong. $280. The LE Regulatory Papers (i.e. (for the sessions held on the first fortnight of the month) and 2:00p.m. It is Insurance Agents Registration Board. Once there, click on“Apply for a license”located on the left side of the page under the Quick Links menu. However, the number of examination sessions may be increased to meet demand, if necessary. A business license permits you to conduct a specific type of business activity and is usually issued by a department or agency of the Hong Kong government. NICE is the worldwide leading provider of software solutions enabling organizations to improve customer experience and business results, ensure compliance, fight financial crime, and safeguard people and assets. Registration details & post-registration matters. *To avoid crowding at our enrolment counter to reduce the risk of the spread of COVID-19 in the community, below arrangement on registration in person or by a representative will be implemented during the registration period and whereas seats are available for registration in person or by a representative: Applicants are encouraged to submit registration online so as to reduce the risk of the spread of COVID-19 in the community. Examination Timetable Latest Version Number of LE Study Manuals Sample Practice Test for CPWP Module 1 Examination. Hong Kong Maritime News Issue 79 has been published. It also helps the participants to identify the key areas that should be focused when they prepare for the examination. Candidates should enter their Hong Kong Identity Card or Passport number to open the Notification of Result. Candidates are reminded to be vigilant against COVID-19 and to closely observe the Precautionary Measures stated in the: 2. LE Papers 1 to 6) and Practical Papers (i.e. All quota tags for each qualifying examination session are distributed separately (i.e. There are no prerequisites for enrolling in the LE. Hong Kong Productivity Council 香 港 生 產 力 促 進 局 Mr. Francis Yim 嚴 定 偉 先 生 Tel : 2788 5012 Ms. May Lai Tel : 2788 5573 Certificate Course for Estate Agents License Exam 地 產 代 理 發 牌 考 試 證 書 … Examinator Online helps Hong Kong professionals pass their HKSI licensing exams as efficiently as possible. The HKSI Institute will charge a withdrawal administration fee of HK$400 per examination paper per examination mode per examination session. The LEs have been approved by the Securities and Futures Commission (SFC) for meeting the competence requirements in relation to the applications for licences as Representatives and/or Responsible Officers. Qualifying examinations results. Insurance Agents Registration Board listed as IARB. Source: "List of Authorized Insurers" (PDF). Paper I: Principles and Practice of Insurance. Candidates are advised to refer to the latest information available on the. Pencil-and-Paper Mode: HK$280 The exam lasts 2 hours and has 75 questions. Insurance intermediaries include both insurance agents and insurance brokers. Start of registration: Commencing at 9:00 a.m. on 24 February 2021. (for the sessions held on the last fortnight of the month). With effect from 1 February 2021, enrolment counter services will be provided from 9:00 am to 5:15 pm (Monday to Friday) and 9:00 am to 12:00 noon (Saturday), until further notice.​. HKSI Practising Certificate holders are eligible to apply for Associate Member (AHKSI). The licensing regime will be administered by the new insurance regulator to be created under the amended Insurance Ordinance. If candidates have any related questions, they are welcomed to contact 2CEXAM. 41 of the Laws of Hong Kong) (the “Ordinance”) is the principal legislation regulating the insurance industry in Hong Kong. LE and the SFC Licences for Regulated Activities, © 2021 www.hksi.org All rights reserved, There are no prerequisites for enrolling in the, List of Approved Calculators for the LE.pdf, Statement of Results - Application Form.pdf, Policy on Verification of HKSI Certificate or Examination Results.pdf, Chartered Institute for Securities & Investment's (CISI), Type 10 - Providing credit rating services, The above is extracted from the SFC's Guidelines on Competence. Candidates may refer to: FAQs >Insurance Intermediaries Qualifying Examination & Mandatory Provident Fund Schemes Examination > D) On the Examination Day > Question D3 for the List of Approved Calculators. 1. Renovation works are being carried out at VTC Tower. Insurance brokers negotiate or arrange The LE Sponsors Papers have been approved by the SFC for the purposes of the examinations under the sponsor eligibility criteria as follows: * The LE does not comprise Paper 13 and Paper 14. The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination for individuals who wish to pursue their careers in the securities and investment industry in Hong Kong. Threads: 11,739 Posts: 143,303 How do you find prospects with money? Candidates may need to use a calculator during the examination for the examinations of Investment-linked Long Term Insurance (Paper 5 of IIQE), please bring your own calculator. Do you plan to take IIQE Paper 1 - Principles and Practice of Insurance, IIQE Paper 2 - General Insurance, IIQE Paper 3 - Long Term Insurance, or IIQE Paper 5 - Investment-linked Long Term Insurance? $230. In order to cater for the needs of other interested parties, the eStudy Manuals are available purchase online and a hardcopy version of the Study Manuals are available for sale at the HKSI Institute office as follows: HKSI Institute’s Individual Members and staff of Corporate Members, e-version: HK$100 per copy Hardcopy: HK$500 per copy, e-version: $300 per copy Hardcopy: $500 per copy. Important Note: When you register for your exam, please confirm that all your demographics are correct, including your SSN. The LE is the HKSI Institute's benchmark qualification for entry to membership and for progression within membership. Hong Kong Institute of Vocational Education (IVE) (Haking Wong) (formerly known as "Haking Wong Technical Institute") 6. an insurance agency which was registered with the Insurance Agents Registration Board set up by the Hong Kong Federation of Insurers immediately prior to 23 September 2019, ... insurance intermediaries outside Hong Kong. PLEASE NOTE: you must have an account and select NM’s insurance test in order to schedule online. I took HKSI LE Papers 1 and 7 before I was licensed 4 years ago. 218), a travel agent can be categorized as an outbound travel agent or an inbound travel agent: Outbound Travel Agent: A person is an outbound travel agent if he carries on the business in Hong Kong of obtaining for another person - Type 3 RA (Leveraged Foreign Exchange Trading) is not included in the above table since the HKSI Institute does not offer any examination papers on this RA. Our questions for the Long Term Insurance (Paper III) exam have been updated to the new syllabus. (with Update (August 2018) & Update2 (August 2019)). Nebraska Insurance Here are the basic steps to get you ready for your Nebraska Insurance Exam. Local laws and regulations) of the Certified International Wealth Manager (CIWM®) Final Examination in Hong Kong. The information dates back to 1 April 2003, the commencement date of the Securities and Futures Most insurance intermediaries in Hong Kong are engaged in Long Term Insurance and normally will at least take Papers 1, 3 & 5. $340 Limited quota tags are available. The Licensing Examination for Securities and Futures Intermediaries (LE), a practical and market-focused examination for individuals who wish to pursue their careers in the securities and investment industry in Hong Kong. Hong Kong Maritime News Issue 79 has been published 22 February 2021 New issue of MSIN No. Applicants should follow the instructions given by the VTC Staff and Security Officers for queuing up. There are two modes of examination for LE Papers i.e., Computer-based Examination (CBE) and Paper-based Examination (PBE). Copyright © 2016 PEAK. Applicants who are not allotted tags may try to submit their registration by post/online whereas seats are available. Estate Agents Qualifying Examination / Paper-based Salespersons Qualifying Examination and allotted on a first-come-first-served basis. The minimum education standard for individual licensees (licensed individual insurance agents and licensed technical representatives (broker and agent) is increased from completion of Form 5 to achievement of at least level 2 in five subjects (including maths and either Chinese or English) in the Hong Kong Diploma of Secondary Education Examination or equivalent, including certain Hong Kong and international insurance … PEAK Examination Centre will NOT provide hard copy of the Notification of Results for the IIQE and MPFE of both Pencil-and-Paper Mode Examination (PPME) and Computer Screen Mode Examination (CSME) to be held from 1 December 2020 onwards. For all postal applications in respect of paper-based examinations scheduled to be held on or after 1 January 2021, if request for collection of unsuccessful applications and/or the Cheques or Cashier's Orders attached thereto is not made by the applicants to PEAK Examination Centre within 2 months from the date of release of the results / the date of the cancellation announcement being made (“Deadline”), such applications, documents and / or Cheques or Cashier’s Orders will be passed to the Estate Agents Authority after the Deadline for disposal and destruction. This page is about IIQE Insurance Licence Registration and Exemption, it also includes details related to IIQE Paper 1,2,3,5 and MPFE. All insurance intermediaries, their responsible officers/ chief executives and technical representatives are required, unless exempted, to pass the Insurance Intermediaries Qualifying Examination under the Scheme. Raising Standards. Candidates are recommended to study the following edition of the Study Notes for examinations of the IIQE to be held from 12 November 2018 onwards: Paper I: Principles and Practice of Insurance, For the examination to be held on or after 1 July 2018, the examination fee will be adjusted as follows: Paper II: General Insurance. This represents the final stage of implementation of the insurance reforms which established the Insurance Authority (IA) as Hong Kong’s independent insurance regulator.The IA assumed the regulatory responsibilities of the Office of the Commissioner of Insurance in June 2017 … LE Papers 7 to 12) have been approved by the SFC as the Recognised Industry Qualifications and Local Regulatory Framework Papers in relation to the application for licences as Representatives and/or Responsible Officers for all regulated activities (RAs) except for Type 3 RA - Leveraged Foreign Exchange Trading under the "Guidelines on Competence". Application for Insurance Agency Licence ... licensee (i.e. An individual will need one licence or registration to carry on different types of RA. Qualifying examinations figures. (NEW) 2021-02-26 Registration Arrangement for the Estate Agents Qualifying Examination and Paper-based Salespersons Qualifying Examination scheduled for 31 March 2021 Start of registration: Commencing at 9:00 a.m. on 24 February 2021 Only the examination fees less an administration fee for the LE held in Hong Kong are refundable. LE Paper 1 is recognised as a suitable replacement of the Chartered Institute for Securities & Investment's (CISI) Investment Operations Certificate (IOC) regulatory unit. Initially, he made about $1,500 a month, expecting that this amount, as with all jobs, should increase as he becomes more experience, and as his network expands. Hong Kong insurance companies. Schedule Your Test Once you are set up and logged into your account, you are able to schedule your test. Licensing As the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong, we: grant licences to those who are appropriately qualified and can demonstrate their fitness and properness to be licensed under the Securities and Futures Ordinance; Candidates who wish to cancel their enrolments for (an) examination paper(s), examination mode(s) and/or examination sessions(s) may apply for withdrawal of examination. Quota tags may be distributed to applicants when numbers of applicants queue up at the enrolment counter. Online Mock Examination. This register lists all licensees (ie, both licensed individuals and licensed corporations) and registered institutions. The exam lasts 2 hours and has 75 questions. To apply for a withdrawal, candidates should submit withdrawal applications through the HKSI Institute Online Portal , in person or by post to the HKSI Institute on or before the withdrawal application deadline (i.e., the date of receipt of the Withdrawal Application Form by the HKSI Institute). Examinations will be held as scheduled. Employment of licensed insurance agents is expected to increase by 10 percent over the next decade. Examination sessions for online enrolment are updated at 9:00a.m. With effect from 1 June 2019, all enrolments of IIQE (Computer Screen Mode Examination) can only be made online. The Insurance Authority has issued two new guidelines for licensed insurance intermediaries (the Guidelines): the Guideline on “Fit and Proper” Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. Subject to the exceptions set out in the Estate Agents Ordinance, and unless otherwise stated therein, anyone practising estate agency work in the course of business in Hong Kong must hold a valid estate agent's licence. The first potential clients that agents are taught to reach out to would normally be their family members and close friends. Become an AIA Agent At AIA we focus on developing best-in-class agents to offer the best advice and support to our customers. There is no exam requirement for Type 7 regulated activity. The HKSI Institute offers Preparatory Course for Licensing Examination to assist course participants to prepare for their examination by learning or refreshing the subject/ topics covered in the syllabus of the LE papers. All enrolments of the IIQE and MPFE of Pencil-and-Paper Mode Examination and Computer Screen Mode Examination can only be made online at Online Enrolment System (www.vtc.edu.hk/cpdc/econline). $170. Retrieved 2007-11-28. Please click here. ** Not required for a licensed representative applying to be a responsible officer. For enquiries, please contact us at 2836 1922. 22 February 2021. The LE consists of 14 papers. Instructions to Candidates. Please go to http://www.vtc.edu.hk/cpdc/econline to enrol and pay the examination fee by credit card (Visa Card, Master Card or UnionPay). Preparing for qualifying examinations. Insurance agents, advise on, or arrange, insurance contracts in or from Hong Kong as the agent of an insurer. the Insurance Intermediaries Qualifying Examination. Sea-to-air passengers (passengers who arrive at Hong Kong International Airport by cross boundary ferry service for onward departure from Hong Kong by air). 218), a travel agent can be categorized as an outbound travel agent or an inbound travel agent: Outbound Travel Agent: A person is an outbound travel agent if he carries on the business in Hong Kong of obtaining for another person - The passing mark of the exam is 70%, i.e. 1. The LEs for Paper 15 is conducted on a bimonthly basis, usually in January, March, May, July, September and November. According to the Travel Agents Ordinance (TAO) (Cap. The pass mark is 60%*. If candidates have any related questions, they are welcomed to contact 2CEXAM. a licensed insurance agent, which means: a licensed individual insurance agent, licensed insurance agency, or licensed technical representative, (each referred to as an agent) who act as the agent of the authorised insurer(s) who appoint them as their agent (their principal(s)) and who promote, advise on and arrange insurance policies offered by their principal (and with a licensed technical representative acting as the agent of the licensed insurance … For details, please click Updating Your Study Manuals. Candidates are recommended to study the 2018 Edition of the Study Manual (HK$250 per copy) for examinations of Leveraged Foreign Exchange Trading Examination to be held from 21 September 2019 onwards. If there is no available Computer Screen Mode Examination session, you may consider to enrol Pencil-and-Paper Mode Examination for alternative. Pre-licensing training courses that prepare individuals for state certification exams are offered by special schools for insurance agents and some insurance companies. Q12 : I am currently licensed as a representative for Type 1 regulated activity. Candidates should input the number, including bracket and the check digit in the bracket (if applicable), and use capital letters for all alphabets, e.g. As a result of passing the CCEA exam, agents will have their name and company details published on the Canada Course Graduate list and CCIE website. This means all of the roughly 100,000 insurance salespeople in Hong Kong will need to meet the minimum qualifications. For the first three quarters of 2019 this … 13 January 2021. Insurance Authority. All rights reserved. The Notification of Results will be protected by password. Civil Aviation Department Homepage, HKCAD, CAD, Airport Standards, Air Traffic Management, Flight Standards and Airworthiness, Air Traffic Engineering and Standards, Aeronautical Information, Aircraft Source: "Register of Authorized Insurers". Following the direct regulation over insurance intermediaries by the Insurance Authority as from 23 September 2019, CIB will continue to act as the professional representative voice of the insurance broking community in Hong Kong. The insurance plans shown above are not equivalent to any bank deposit or savings. Licensing; E-application Every day, thousands of AIA agents help individuals, families and businesses protect what matters to them most, to prepare for the unexpected, and to plan for a better, brighter future. Our Premier Agency strategy is focused on extensive training and quality recruitment to develop a distinctive agency force well-equipped to promote savings and protection solutions that are aligned with our customers’ needs. There is no competence requirement for Type 7 RA (Providing Automated Trading Services). *On the first enrolment day of the following month, usually on or before the 15th day of the preceding month, examination sessions for online enrolment will be updated at 9:00a.m. 2021 HKDSE Contingency Measures. Candidates are recommended to study the March 2017 updated version of the Study Notes for examinations of MPF Schemes Examination to be held from 1 July 2017 onwards. During normal office hours, the EAA office will be opened to the public only for handling licence applications or collection that reservation for an appointment has been made. A business license permits you to conduct a specific type of business activity and is usually issued by a department or agency of the Hong Kong government. For details of the Withdrawal Policy, please refer to the relevant Examination Handbook. Since relationship selling tends to be more effective, agents, though they are still new, may enjoy moderate success. (with Update (August 2019)), 2017 Edition Learn the steps it takes to become an insurance agent, the licensure requirements to sell life, health, property and other insurance, and the average salaries for insurance agents in your state. Next, click on“Submit Resident Application – Individual.” Candidates enrolling for the LEs held in Hong Kong can enjoy the flexibility of downloading the respective eStudy Manuals via the HKSI Institute Online Portal during the period from the enrolment date to the examination date of the relevant examinations. HKSI Specialist Certificate holders with at least three year of relevant industry experience are eligible to apply for Ordinary Member (MHKSI). Insurance intermediaries (confined to those who were already practising in the insurance intermediary business in Hong Kong immediately before 1 January 2000) in possession of five years’ proven experience in insurance business in Hong Kong within the six-year period immediately before 1 January 2000 are exempted from P&P Paper as well as GI and LT Papers, as appropriate (which relates to the … This is a list of insurance companies in Hong Kong. Promoting Standards. Qualifying examinations syllabi. Office of the Commissioner of Insurance. The examination syllabus, structure and fee schedule are listed in below. Computer Screen Mode: HK$340, Adjustment of Examination Fees for Exam. Certificate in Travel and) 8. ) Licensing > Licensing. This page is about Insurance Intermediaries Qualifying Examination (IIQE) Exam Registration Details, it also includes details related to IIQE Paper 1,2,3,5 and MPFE. Questions type: multiple choice questions (MCQ), Paper 15 — the special examination on ethics, sponsor work, and the legal and regulatory requirements governing the conduct of IPO transactions in Hong Kong for the purposes of the SFC’s eligibility criteria for Principals; and. Fortunately very few business activities require a business license in Hong Kong. GuideMeHongKong is the leading Hong Kong-focused business information portal that provides a host of resources for entrepreneurs and corporates who are looking to set up a business in or relocate to Hong Kong. $280. Forthcoming qualifying examination schedules. on or after 1 April 2018, the examination fees will be adjusted as follows: Paper I:   Principles and Practice of Insurance, Paper V:   Investment-linked Long Term Insurance. $170. Candidate should be aware of the notice about the revision study notes, examination questions and answers of the LE which are available for sale in other websites. The LEs for Papers 4 and 10 are conducted on a quarterly basis, usually in March, June, September and December. A123456(7). Fortunately very few business activities require a business license in Hong Kong. To help candidates prepare for the LE, the HKSI Institute has launched 13 Study Manuals in both English and Chinese. New issue of MSIN No. Hong Kong’s newly established Insurance Authority plans to spend its first two years determining new licensing requirement for the roughly 100,000 insurance salespeople in … PEAK Examination Centre is implementing online enrolments. through learning and professional development programmes. * Recognised industry qualifications can be compensated by certain academic or professional qualifications recognised by the SFC. This is similar to what many Multi-Level Marketing (MLM) businesses are built upon. Exam; Forthcoming qualifying examination schedules; Registration details & post-registration matters; Preparing for qualifying examinations; Online Mock Examination; Examination Handbook; Instructions to Candidates; Qualifying examinations syllabi; Qualifying examinations figures; Qualifying examinations results; Special Notice; Licensing. Whether new to Hong Kong, or locally based, many working in the Hong Kong Securities and Futures industry find themselves having to sit exams, many years after they last sat an exam. HKSI Practising Certificates and HKSI Specialist Certificates, which are granted to candidates who have completed a preset combination of LE examination papers, are recognised by the Insurance Authority (IA) of Hong Kong. through examinations and qualifications. Those who want to submit more than one application form for each qualifying examination session or be allotted more than one quota tag must queue up again. Candidates are reminded to be vigilant against COVID-19 and to closely observe the Precautionary Measures stated in the: Candidates are recommended to study the following edition of the Study Notes for examinations of the IIQE to be held from 2 December 2019 onwards: 2018 Edition Online Enrolment is now available for the Insurance Intermediaries Qualifying Examination and Mandatory Provident Fund Schemes Examination. For the latest withdrawal application deadlines, please refer to the examination timetable. According to the Travel Agents Ordinance (TAO) (Cap. The Securities and Futures Ordinance (SFO) contains an equivalent section, namely, section 115. Vocational Certificate in Inbound Travel Operations ( course discontinued) 7. Candidates can check their individual results, download and print the Notification of Results in the “Exam Result Checking” system on the website of the PEAK Examination Centre (www.vtc.edu.hk/cpdc) starting from the following days. Licence applicants or licensees/ex-licensees have to make their appointment through the EAA online booking system and arrive at the EAA office at the booked timeslots in time. licensed representative or responsible officer) as previously licensed. Important Notice regarding the extension of special arrangement in response to the development of the COVID-19 pandemic. The plan here is to do relationship selling, since most family members or close friends are unlikely to turn you down when you approach them to talk about insurance planning. Insurance Intermediaries Qualifying Examination The Insurance Intermediaries Quality Assurance Scheme has been implemented since 1 January 2000. Every day, thousands of AIA agents help individuals, families and businesses protect what matters to them most, to prepare for the unexpected, and to plan for a better, brighter future. Charltons advises insurers, reinsurers and intermediaries such as brokers and agencies on regulatory compliance and investigations. Please select the RA you want to engage in for understanding the requirements on the relevant Recognised Industry Qualifications and Local Regulatory Framework Papers. To apply for a withdrawal, candidates should submit withdrawal applications through the HKSI Institute Online Portal, in person or by post to the HKSI Institute on or before the withdrawal application deadline (i.e., the date of receipt of the Withdrawal Application Form by the HKSI Institute). Upon the successful completion of a preset combination of examinations within 3 years (the 3-year period will commence from the date of the first LE paper that the candidate passes), candidates will be awarded the HKSI Institute Certificate.

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