Engineering insurance and liability insurance are insurances designed to avoid huge financial burdens caused by huge losses. Part of the engineering insurance will protect the legal liabilities of causing the third party to be injured or have property losses; while the liability insurance is to compensate for the liabilities derived from causing injuries or losses to third party in accidents that happened at work. According to Hong Kong’s “Insurance Ordinance”, general business protection covers 17 categories, including motor vehicle liability, aircraft liability, liability for ships, general liability, and legal expenses. Therefore, if you want to sell engineering insurance and liability insurance, you must meet the conditions for selling general insurance.
What exam do I need to take to sell general insurance?
Selling general insurance and selling long-term business insurance policies require participation in different exams. One of the requirements for selling general insurance is to take the Insurance Intermediaries Qualifying Examination (IIQE) Paper 1 and Paper 2. For IIQE exemption, please refer to Exemption from Insurance Intermediary Qualifying Examination (IIQE)
The content of IIQE Paper 1 is relatively broad, including some basic definitions of the insurance industry, the functions and benefits of insurance, related legal principles and applications, insurance principles, the main functions of insurance companies, the structure and supervision of the insurance industry, and the professions of the insurance industry’s moral. Generally speaking, Paper 1 needs a lot of recitation.
The content of IIQE Paper 2 is relatively short and in-depth. The content includes an introduction to various general insurance products, underwriting, insurance policies and other documents and renewal instructions, claims-related and customer service-related requirements.
How should I review the exam?
The pass rate of IIQE has always been a big worry for many candidates. The official has no rules requiring PEAK to disclose the pass rate, and the pass rate published last time is also appalling. Here I can recommend a review method for everyone:
- First study the material study manual / 2CExam Youtube instructional video by each chapter (instructional video provided in Cantonese)
IIQE Paper 1 Playlist
IIQE Paper 2 Playlist
- Complete one chapter of the 2CExam mock test
This review method takes 20-25 hours, and statistically has a pass rate of 80%.
No statistics are available for other review methods.
2CExam is a company that specializes in training candidates to take the securities, insurance and real estate exams. Regarding IIQE, 2CExam has produced free Cantonese video teaching Paper 1, 2, 3, which is publicly released on major well-known video sharing websites at no additional charge. If students have difficulty understanding the content of the study manual when taking the HKSI paper 1, 2, 3, they can choose to watch the other instructional videos. If you want to purchase review materials to better understand the content of the exam, you can visit www.2cexam.com (physical product) or www.hksiiiqepasspaper.online (online version)
How can we help?
2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:
Phone +852 2110 9644 Email: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064
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