If you want to work in the front line of the insurance industry, you have a good chance of needing to take the Insurance Intermediaries Qualifying Examination (IIQE). As for what exam papers you need to take, first you can check whether you meet certain conditions to be exempted from specific exam paper combinations of IIQE. For IIQE exemption, please refer to Exemption from Insurance Intermediary Qualification Examination (IIQE)
Will the exam papers for insurance agents and insurance brokers be different?
If you want to know the difference between the two, please refer to What is the difference between an insurance agent and an insurance broker?
The combination of exam papers for insurance agents and insurance brokers are the same. In other words, if you want to change from an insurance agent to a broker, as long as the license has not expired, you do not need to retake any exams, and vice versa.
What exam papers do I need to take if I want to sell general insurance?
If you want to sell some general business insurance policies, such as car insurance, personal accident and sickness insurance, fire insurance, money insurance, director and senior officer liability insurance, product liability insurance, public liability insurance, marine insurance, etc., you need to take the IIQE paper 1 Principles and Practices of Insurance and paper 2 General Insurance.
A container ship arriving in port on a very calm day.
What exam papers do I need to take if I want to sell long-term insurance?
If you want to sell long-term business insurance policies, such as savings life insurance, term life insurance, universal life insurance, whole life insurance, annuities and other life-related policies, you need to take the IIQE paper 1 Insurance – Principles and Practices and Paper 3- Long Term Insurance.
What exam paper do I need to take if I want to sell investment-linked long-term insurance?
To sell long-term insurance policies that are directly related to investment products, not only do you need to partake in paper 1 and paper 3 exams, but you also need to partake in IIQE paper 5-investment-linked long-term insurance exam. If one did not partake in paper 5 exam, but only partake in paper 1 and 3 exams, one cannot sell investment-linked insurance policies.
What exam paper do I need to take if I want to sell travel insurance?
If you work in a travel agency and only need to sell travel insurance without considering selling other types of insurance, you can choose to take the IIQE Paper 6 – Travel Insurance Agent exam. However if you also want to consider the practicality of the exam, you can also take IIQE Paper 1 and Paper 2 instead to learn about other general insurance knowledge.
What exam paper should I take if I want to sell MPF?
The MPF examination paper was formerly called IIQE Paper 4, but it has now been separated from the Insurance Intermediary Qualifying Examination and has been renamed the Mandatory Provident Fund Schemes Examination (MPFE). However, if you want to obtain a license to become an MPF intermediary, you must first meet any of the following combination conditions that is indicated vertically in the table below.
Therefore, it is necessary to partake in more than one exam if you wish to sell MPF.
All in all, if you want to become an insurance intermediary and you do not have any professional qualifications or industry experience, you generally need to take more than one exam paper.
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
Please support us by leaving comments and likes if you think this article helps you!
You can scan or click on the QR codes to visit our social media.
Latest Article
Categories
過往文章
Contact US
-
Phone:
+852 2110 9644
-
Email:
-
WhatsApp
+852 9347 2064
-
WeChat
hk2cexam
Interesting Articles
Can a Masters degree graduate in Management, literature subjects graduate, top up degree graduate in finance and law or associate degree holder waive some of the HKSI LE securities exam papers?
Earlier we shared that there are some circumstances where students who wish to join the industry as securities practitioners can possibly be exempted from certain exams based on their academic qualifications and/or work experience. If you meet certain academic and/or work experience requirements, students may not have to take HKSI LE Papers 7-12. In other…
How can I verify the identity of past insurance brokers and insurance agents? How to check the insurance intermediary license records expired before September 23, 2019?
Where can I verify the identity of insurance brokers and insurance agents? For information on insurance intermediaries that are still valid after September 23, 2019, or newly applied after that day, you can find them on the public search on the website of Insurance Authority: https://iir.ia.org.hk/#/index The development history of insurance brokers and…
Can a holder of an original SFC type 1 license be a type 4 and the type 9 license R.O.?
Why do fund managers/asset management companies need to obtain a Type 4 license? There is a type 1 regulated activity (Dealing in Securities) license holder who has many years of experience. This person has passed the Paper 6 of the Licensing Examination for Securities and Futures Intermediaries (HKSI LE). Can he become the RO responsible…
What is the difference between an insurance agent and an insurance broker?
Isn’t every business that sells insurance policies called an insurance company? Can an insurance broker mean both an individual and a company? What are the main differences between insurance brokers and insurance agents? An insurance broker (Broker) selects suitable insurance products on behalf of the client. It can refer to an individual or a company.…
What is the difference between a licensed corporation and a registered institution?
Which licensing exam should a bank staff patake in? Is it regulated by the SFC or HKMA? What does it mean by the commonly mentioned term “SFC license”? The Securities and Futures Commission, also known as SFC, is the statutory regulator of the securities industry in Hong Kong.The Securities and Futures Commission was established…
What is the difference between an estate agent and a real estate salesperson?
Should I take EAQE or SQE to get into the real estate industry? The EAQE/SQE real estate examination result itself does not mean a license Passing the EAQE/SQE exam is just one of the conditions for applying for a license. Passing the exam does not mean obtaining a license, nor can you start your real…
How long is the validity period of the EAQE/SQE license?
Do I need to renew my license every year? Where should I apply for a license renewal? Huh? Isn’t the EAQE/SQE test result a license?! Passing the EAQE or SQE is one of the licensing conditions for obtaining a real estate agent/salesperson license. The EAQE and SQE exams are held by the Institute of Professional…
How long is the IA license valid for?
Do I need to renew my license every year? Where should I apply for a license renewal? Isn’t the IIQE exam score a license?! Obtaining passing results in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance…
How long is the SFC license valid for?
Do I need to renew my license every year? Where should I apply for renewal? Will the SFC license become invalid? We often hear people mention the 178 license. What does that mean exactly? In fact, “178 license” is a common misnomer. 178 does not refer to a license, but a combination of exam papers…
What is an IIQE license?
How to register for the exam? How to prepare? Isn’t the IIQE test score a license?! Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license. Since PEAK is a statutory…