Fortunately very few business activities require a business license in Hong Kong. The exam lasts 2 hours and has 75 questions. 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. Insurance agents, advise on, or arrange, insurance contracts in or from Hong Kong as the agent of an insurer. Important Note: When you register for your exam, please confirm that all your demographics are correct, including your SSN. one will need to get 53 questions right out of the 75 questions. The Notification of Results will be protected by password. PLEASE NOTE: you must have an account and select NE’s insurance test in order to schedule online. one will need to get 53 questions right out of the 75 questions. 13 January 2021. Find out what specific government licences, permits, certificates and approvals you need to start your business operations in Hong Kong by filling simple information here. Pursuant to the amendments, a new statutory licensing regime for insurance intermediaries (insurance agents and brokers) will be introduced to replace the current self-regulatory regime over a period of two to three years. Insurance intermediaries include both insurance agents and insurance brokers. The IOC is awarded on the completion of 3 IOC units. 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. 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. 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. Qualification. Qualifying examinations syllabi. 22 February 2021. 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? 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. Hence, candidates of the SQE must score at least 48 marks in Part I and 12 marks in Part II respectively in order to pass the SQE. Preparing for qualifying examinations. Threads: 11,739 Posts: 143,303 How do you find prospects with money? For the latest examination dates and enrolment deadlines, please refer to the examination timetable available at the HKSI Institute counter and/or on its website. 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. On 23 September 2019, the new statutory regime for the regulation of insurance intermediaries will take effect. 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. 41 of the Laws of Hong Kong) (the “Ordinance”) is the principal legislation regulating the insurance industry in Hong Kong. Normally, this person does not have to take any exams if he intends to engage in regulated activities with the same competence requirements as indicated in the table below and in the same role (i.e. 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. Examinator Online helps Hong Kong professionals pass their HKSI licensing exams as efficiently as possible. Most insurance intermediaries in Hong Kong are engaged in Long Term Insurance and normally will at least take Papers 1, 3 & 5. PLEASE NOTE: you must have an account and select NM’s insurance test in order to schedule online. (for the sessions held on the last fortnight of the month). 2021 HKDSE Contingency Measures. 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. New issue of MSIN No. 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. The HKSI Institute will charge a withdrawal administration fee of HK$400 per examination paper per examination mode per examination session. However, the number of examination sessions may be increased to meet demand, if necessary. Veeam Software is the leader in Cloud Data Management, providing a simple, flexible and reliable backup & recovery solution for all organizations, from SMB to Enterprise! The LEs for Paper 15 is conducted on a bimonthly basis, usually in January, March, May, July, September and November. 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 … 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. 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). Promoting Standards. The first potential clients that agents are taught to reach out to would normally be their family members and close friends. According to the Travel Agents Ordinance (TAO) (Cap. 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. 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. 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. This is similar to what many Multi-Level Marketing (MLM) businesses are built upon. This is a list of insurance companies in Hong Kong. The pass mark is 60%*. 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). Start of registration: Commencing at 9:00 a.m. on 24 February 2021. 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. Schedule Your Test Once you are set up and logged into your account, you are able to schedule your test. The insurance plans shown above are not equivalent to any bank deposit or savings. For the Insurance Intermediaries Qualifying Examination to be held (with Update (August 2018) & Update2 (August 2019)). To help candidates prepare for the LE, the HKSI Institute has launched 13 Study Manuals in both English and Chinese. *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. There are two levels of certification: HKSI Practising Certificate - Derivatives, HKSI Practising Certificate - Credit Rating Services, HKSI Practising Certificate - Corporate Finance, HKSI Practising Certificate - Asset Management, HKSI Specialist Certificate - Derivatives, HKSI Specialist Certificate - Credit Rating Services, HKSI Specialist Certificate - Corporate Finance, HKSI Specialist Certificate - Asset Management. 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: 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. The LE consists of 14 papers. Insurance Intermediaries Qualifying Examination The Insurance Intermediaries Quality Assurance Scheme has been implemented since 1 January 2000. on every working day, excluding the Saturdays*. There is no exam requirement for Type 7 regulated activity. The Nebraska Department of Insurance and Prometric are pleased to announce the availability of the Nebraska Insurance exams via Remotely Proctored testing using Prometric’s ProProctor™ application. Candidates are advised to refer to the latest information available on the. Most insurance intermediaries in Hong Kong are engaged in … If there is no available Computer Screen Mode Examination session, you may consider to enrol Pencil-and-Paper Mode Examination for alternative. 1. 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 … Please refer to the respective Examination Handbooks issued on October 2020 for details. Local laws and regulations) of the Certified International Wealth Manager (CIWM®) Final Examination in Hong Kong. For enquiries, please contact us at 2836 1922. 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 - 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. 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". 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. Only the examination fees less an administration fee for the LE held in Hong Kong are refundable. * Recognised industry qualifications can be compensated by certain academic or professional qualifications recognised by the SFC. $280. Each applicant may only submit one application form or is allotted one quota tag for each qualifying examination session at one time. Paper V: Investment-linked Long Term Insurance. For details of the Withdrawal Policy, please refer to the relevant Examination Handbook. Candidates should enter their Hong Kong Identity Card or Passport number to open the Notification of Result. Licensing; E-application 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 … Applicants should follow the instructions given by the VTC Staff and Security Officers for queuing up. It also helps the participants to identify the key areas that should be focused when they prepare for the examination. Candidates are reminded to be vigilant against COVID-19 and to closely observe the Precautionary Measures stated in the: 2. Examinations will be held as scheduled. LE Paper 1 has been recognised by the Association of International Wealth Management (AIWM) as a substitution of Regional Paper (i.e. Online Enrolment is now available for the Insurance Intermediaries Qualifying Examination and Mandatory Provident Fund Schemes Examination. During 2018, the Hong Kong insurance industry's total gross premiums increased by 5.2% to HKD514.5 billion. $170. ** Not required for a licensed representative applying to be a responsible officer. This means all of the roughly 100,000 insurance salespeople in Hong Kong will need to meet the minimum qualifications. LE Papers 1 to 6) and Practical Papers (i.e. All applicants who received quota tags are required to complete their applications at the enrolment counter by 8 pm on that day, otherwise it will be forfeited. Examination Handbook. 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. The HKSI Institute revises the LE study manuals and publishes their updated version or edition periodically. 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. The information dates back to 1 April 2003, the commencement date of the Securities and Futures Hong Kong Maritime News Issue 79 has been published 22 February 2021 New issue of MSIN No. The examination syllabus, structure and fee schedule are listed in below. According to the Travel Agents Ordinance (TAO) (Cap. Our questions for the Long Term Insurance (Paper III) exam have been updated to the new syllabus. (with Update (August 2019)), 2017 Edition If candidates have any related questions, they are welcomed to contact 2CEXAM. Please click here for detail of membership. 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. Please click here. HKSI Practising Certificate holders are eligible to apply for Associate Member (AHKSI). $230. The LEs for Papers 4 and 10 are conducted on a quarterly basis, usually in March, June, September and December. HKSI Institute's individual members or market practitioners who have successfully completed the LE Paper 1 are required to take only 2 IOC units to attain the certification. Limited quota tags are available. (for the sessions held on the first fortnight of the month) and 2:00p.m. Candidates should follow these basic steps in order to obtain a New Mexico Insurance license. 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. Holders of either of these certificates are exempted from taking the "Investment-linked Long Term Insurance Examination" of the Insurance Intermediaries Quality Assurance Scheme (IIQAS). It is Insurance Agents Registration Board. Estate Agents Qualifying Examination / Paper-based Salespersons Qualifying Examination and allotted on a first-come-first-served basis. $230. Institute of Professional Education And Knowledge (PEAK), 2020-10-12    Enrolment Procedures of IIQE and MPFE, 2020-07-14    Notice to Candidates for Prevention of COVID-19, 2019-08-30    Notice to Insurance Intermediaries Qualifying Examination Candidates, 2019-05-21    New Enrolment Arrangement – Insurance Intermediaries Qualifying Examination (Computer Screen Mode Examination), 2019-05-21    Adjustment of Examination Fee for the Leveraged Foreign Exchange Trading Examination, 2019-03-04    Notice to Leveraged Foreign Exchange Trading Exam Candidates, 2018-08-13    Notice to Insurance Intermediaries Qualifying Examination Candidates, 2018-06-06    Adjustment of Examination Fee for the Mandatory Provident Fund Schemes Examination, 2018-01-02    Notice to Insurance Intermediaries Qualifying Examination Candidates, 2017-04-03    Notice to MPF Schemes Examination Candidates, 2016-03-09    Notice to Investment-linked Long Term Insurance Candidates. Insurance Authority. {{'index.disclaimer' | translate}} | {{'index.privacyPolicy' | translate}} 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). LE Paper 1 is recognised as a suitable replacement of the Chartered Institute for Securities & Investment's (CISI) Investment Operations Certificate (IOC) regulatory unit. Office of the Commissioner of Insurance. Visit Sircon.com, and click on“Learn more about our products for agents” located in the red “Individual Agents”box. Forthcoming qualifying examination schedules. The passing mark of the exam is 70%, i.e. 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. Paper II: General Insurance. 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. Registration details & post-registration matters. The above products are products of HSBC Life (International) Limited and AXA General Insurance Hong Kong Limited, they are intended only for sale in the Hong Kong SAR. 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. 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. For details, please refer to the Examination Handbook. Hong Kong insurance companies. Check out the press release on the 2021 HKDSE contingency measures and streamlining of Assessment Frameworks, as well as the relevant school circular and revised Assessment Frameworks of Category A subjects. Please select the RA you want to engage in for understanding the requirements on the relevant Recognised Industry Qualifications and Local Regulatory Framework Papers. Insurance Intermediaries Qualifying Examination, Mandatory Provident Fund Schemes Examination, Estate Agents / Salespersons Qualifying Examinations, Leveraged Foreign Exchange Trading Examination, Recognition Scheme For Security Training Courses, Notice to Candidates for Prevention of COVID-19, 1 hour after the designated end time of examination, Registration in person or by a representative*. Charltons advises insurers, reinsurers and intermediaries such as brokers and agencies on regulatory compliance and investigations. Online Mock Examination. During the period, noise nuisances may be caused by the renovation works. $340. 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). 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. Once there, click on“Apply for a license”located on the left side of the page under the Quick Links menu. 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. Certificate in Travel and) 8. ) 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. Life Office Management Association (LOMA) has recognised LE Papers 1, 2, 3, 6, 7, 8, 9 and 12 for Professional Achievement Credits (PACs) in its Fellow, Financial Services Institute (FFSI) Program. Instructions to Candidates. All quota tags for each qualifying examination session are distributed separately (i.e. Welcome to PassIIQE for Insurance Intermediaries Qualifying Examination (IIQE) Wanna be an insurance intermediary in Hong Kong? Exam. Hong Kong Maritime News Issue 79 has been published. $340 2007-11-26. LE papers are offered on a monthly basis except for Paper 4, Paper 10 and Paper 15. PEAK Examination Centre’s enrolment counter will be tentatively closed until 30 January 2021. 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 licensed representative or responsible officer) as previously licensed. 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. 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. 3 September 2011 - For people who are taking the Long Term Insurance (Paper III) exam on or after 19 September 2011: Our Questions for the Long Term Insurance (Paper 3) exam will be updated to the new syllabus on 17 September 2011. Reinforcing Standards. Become an AIA Agent At AIA we focus on developing best-in-class agents to offer the best advice and support to our customers. $230. For the latest withdrawal application deadlines, please refer to the examination timetable. 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. There is no competence requirement for Type 7 RA (Providing Automated Trading Services). Computer Screen Mode: HK$340, Adjustment of Examination Fees for The LE Regulatory Papers (i.e. Insurance brokers negotiate or arrange Pencil-and-Paper Mode: HK$280 through examinations and qualifications. With effect from 26 April 2005, same day cash refund of advance payment of departure tax is available at the Sky Pier at 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. Quota tags may be distributed to applicants when numbers of applicants queue up at the enrolment counter. Examination sessions for online enrolment are updated at 9:00a.m. The Securities and Futures Ordinance provides for the implementation of the single licensing regime with 10 types of regulated activity (RA). Employment of licensed insurance agents is expected to increase by 10 percent over the next decade. Fundamentals of Securities and Futures Regulation. Raising Standards. 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; I took HKSI LE Papers 1 and 7 before I was licensed 4 years ago. An individual will need one licence or registration to carry on different types of RA.