Is there a minimum education requirement for the insurance industry?
The conditions for licensing in the insurance industry are included in the “Fit and Proper” Guidelines (GL23/Guideline 23) issued by the Insurance Authority. All intermediaries who wish to be licensed must abide by this guideline.
IA listed the educational requirements for intermediaries (individuals) in the “Fit and Proper” Guidelines. The minimum academic qualification required to apply for a license is to pass 5 subjects in the Hong Kong Certificate of Education Examination (HKCEE) or the Hong Kong Diploma of Secondary Education Examination (HKDSE), including Chinese+Mathematics or English+Mathematics; The passing grade for the Diploma of Secondary Education Examination (HKDSE) is Level 2 for each subject; as for the Hong Kong Certificate of Education Examination (HKCEE), their passing grade is E. Combining results from more than one exam year to meet the licensing condition is acceptable. In other words, language proficiency and mathematics (logical thinking) are requirements that the Insurance Authority attaches great importance to.If students are taking other courses, such as Yijin, Advanced Diploma, etc.,you should also pay attention to whether the qualifications are equal to or higher than the qualifications of obtaining passing grades in 5 subjects of the Hong Kong Diploma of Secondary Education Examination (HKDSE), especially Chinese+Mathematics or English+Mathematics.
If the students do not meet the requirements in terms of academic qualifications, that does not mean there are no other solutions in getting candidates to be qualified for a license. If students have completed an Insurance Professional Diploma issued by the Institute of Professional Education and Knowledge, Yi Jin Scheme, or has a recognized professional qualification, the academic requirement can be substituted by these schemes or alternative qualifications. Examples of recognized professional qualifications include: Certified Financial Planner (CFP), Fellow of the Chartered Institute of Insurance (ACII), Member of the Institute of Actuaries of Australia (FIAA), Member of the American Association of Actuaries (FSA), etc. For more examples, please refer to:
https://www.ia.org.hk/tc/legislative_framework/files/Insurance_Qualifications_eng.pdf
“Insurance Ordinance” (Chapter 41) “on “Fit and Fit” Guidelines Criteria (GL23/Guideline 23)
https://www.ia.org.hk/en/legislative_framework/files/Eng_GL23_FPP.pdf
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
How do Chinese who don’t understand Traditional Chinese deal with the HKSI LE? How to use Simplified Chinese to partake in the exam?
Some mainlanders will ask whether our products or real exams have Simplified Chinese. First of all, the HKSI exam conducted in Mainland China will have the option of printed in simplified characters, while the Hong Kong exam will only have traditional Chinese and English. As for the review materials, the documents for the…
Suggested revision method – applicable to HKSI LE securities exam, IIQE insurance exam, EAQE/ SQE real estate exam
We suggest the candidate prepare for the examination by the following steps: 1. Study 1 chapter in the study manual 2. Finish the relevant topic in the Pass Paper Question Bank By spending 20-25 hours doing the revision, about 80% of our candidates can pass the exam in their first attempt.
HKSI LE Securities Exam Info For Dummies
HKSI LE Securities Exam Info For Dummies What papers should I take The differences between a SFC Responsible Officer (RO), HKMA Executive Officer (EO) and a Sale Representative (Rep) https://2cexam.com.hk/a1061_eng/ Which paper I should take： https://2cexam.com.hk/A1064_eng/ Waiving LE Papers 7-12： https://2cexam.com.hk/A1015_eng/ FAQ about exemption： https://2cexam.com.hk/A1018_eng/ Exam Registration Registration…
Why do so many people choose 2CExam’s products and video classes?
2CExam is excellent at preparing candidates for professional examinations. Why do so many people choose 2CExam’s products and watch 2CExam’s video classes? 2CExam provides a large number of Youtube video classes, including HKSI LE Papers 1, 2, 6, 7, 8, 12 Chinese courses, HKSI LE Paper 1 English courses, IIQE Papers 1, 2,…
What are bibles offered by 2CExam? Are there any questions included?
Do bibles include practise questions? Bible and Pass Paper Question Bank are two separate products. “Bible” is composed by us according to HKSI’s study manual and does not consist of any mock questions. It is a study note available in Chinese only as of now. “Pass Paper Question Bank” includes questions prepared by us, with…
How are mock questions written by 2CExam? Are the questions past paper questions? What are the specialties and advantages of 2CExam’s question banks?
How are mock questions written by 2CExam? Are the questions past paper questions? Due to intellectual property issues, 2CExam mock questions are not copied from the past papers, but composed by their own editors. The questions are different from the questions you are going to see in the actual exam. If they bear any resemblance…
How Do You Get a Refund If You Bought 2CExam’s Products and Failed the Exam?
There’s a money-back guarantee for 2CExam’s products? 100% full refund? Do they really refund? Absolutely we do refund. We only make promises that we can keep. As long as candidates follow the instructions on the terms and conditions of Money-back Guarantee, we offer 100% full refund. Why are we so confident? It is because based…
What Are the Differences Between 2CExam’s Physical Version and Online Version Question Bank? Same Content? Which One Is Better?
2CExam has been training people for the HKSI Licensing Examination (LE), IIQE, EAQE and SQE for many years. Recently, an online version of the pass paper mock question banks was released. What are the differences between the online version and physical version? What are the differences between online and hard copy versions? Contents…
How to Use 2CExam Pass Paper / Mock Question Banks?
Do you need to take the HKSI LE securities exam / IIQE insurance exam / EAQE, SQE real estate exam? Are you upset about how to stuff the considerable knowledge into your brain? 2CExam is here to help! Our motto is “Despise Learning, Secure Passing!” Our company provides various exam related products and solutions which…
Can Top Up Degree be exempted from HKSI LE securities examination? Can I be exempted without previously studied finance?
The Guidelines on Competence of the SFC specify that as long as students meet the specified level of academic qualifications and/or work experience, they can be exempted and do not need to take the HKSI LE Securities Examination Papers 7-12. Exempted students only need to take the HKSI LE paper 1, which saves time,…