According to the “Quality Assurance Scheme for Intermediaries (QASI) – Handbook” issued by the Hong Kong Insurance Authority, individuals with different professional qualifications can obtain exemptions for designated qualification examinations:
| Category | Professional Qualification Name | Exempted Exam Papers |
| Category A | Holders of the following recognized insurance professional qualifications: 1..Associate or Fellow of the Chartered Insurance Institute (ACII or FCII);2.Senior Associate or Fellow of the Australian and New Zealand Institute of Insurance and Finance (ANZIIF (Snr Assoc) or ANZIIF (Fellow));3.Fellow of the Life Management Institute (FLMI);4.Chartered Life Underwriter (CLU);5.Fellow of the Chartered Property Casualty Underwriter (CPCU);6.Diploma in Insurance Studies of the Hong Kong Insurance Institute / Chartered Insurance Institute. Holders of the following recognized actuarial qualifications:1.Fellow of the Institute and Faculty of Actuaries (FIA/FFA);2.Fellow of the Institute of Actuaries of Australia (FIAA);3.Fellow of the Society of Actuaries (FSA). | Insurance Principles and Practice Exam IIQE PAPER 1 General Insurance Exam IIQE PAPER 2 Long-term Insurance Exam IIQE PAPER 3 Travel Insurance Agents Exam IIQE PAPER 6 |
| Category B | Individuals holding the following insurance, investment, or actuarial professional qualifications: 1.Chartered Life Underwriter (CLU), and must pass one of the optional CLU qualification exam papers “HS328 Investment”; 2.Chartered Financial Consultant (ChFC); 3.Certified Financial Planner (CFP); 4.Fellow of the Institute and Faculty of Actuaries (FIA/FFA); 5.Fellow of the Institute of Actuaries of Australia (FIAA); 6.Fellow of the Society of Actuaries (FSA); 7.Individuals who have passed the Hong Kong Securities and Investment Institute Foundation Program Examination (FPE); 8.Individuals who have passed the Hong Kong Securities and Investment Institute Diploma Program Examination (DPE); 9.Hong Kong Securities and Investment Institute Practitioner Certificate; 10.Hong Kong Securities and Investment Institute Senior Practitioner Certificate;11.Hong Kong Securities and Investment Institute Financial Markets Professional Diploma. | Investment-linked Long-term Insurance Exam IIQE PAPER 5 |
| Category C | Insurance intermediaries (limited to those who have been engaged in the insurance brokerage business in Hong Kong before January 1, 2000) holding a General Insurance Business Study Certificate issued by the Hong Kong Federation of Insurers. | Insurance Principles and Practice Exam IIQE PAPER 1General Insurance Exam IIQE PAPER 2Travel Insurance Agents Exam IIQE PAPER 6 |
| Category D | Insurance intermediaries (limited to those who have been engaged in the insurance brokerage business in Hong Kong before January 1, 2000) with 5 years of verifiable local insurance experience within the 6 years immediately preceding January 1, 2000. | Insurance Principles and Practice Exam (IIQE PAPER 1), and General Insurance Exam (IIQE PAPER 2)/Long-term Insurance Exam (IIQE PAPER 3)/Travel Insurance Agents Exam (IIQE PAPER 6) relevant to their 5 years of verifiable local insurance experience. |
| Category E | Individuals who have passed the “Insurance Principles and Practice” and “General Insurance” papers in the Qualification Exam. | Travel Insurance Agents Exam (IIQE PAPER 6) |
Regarding the experience and exam exemptions for Category D individuals
If an insurance intermediary (limited to those who have been engaged in the insurance brokerage business in Hong Kong before January 1, 2000) has 5 years of verifiable local insurance experience within the 6 years immediately preceding January 1, 2000, the exam exemptions are as follows:
| Exam ExemptionsExperience | Insurance Principles and PracticeIIQE Paper 1 | General InsuranceIIQE Paper 2 | Long-term InsuranceIIQE Paper 3 | Travel InsuranceIIQE Paper 6 |
| Verifiable experience in General Insurance | ✓ | ✓ | ||
| Verifiable experience in Long-term Insurance | ✓ | ✓ | ||
| Verifiable experience in Travel Insurance | ✓ | ✓ |
If an insurance intermediary has both general insurance and long-term insurance business in their 5 years of verifiable local insurance experience, they can be exempted from all four papers, namely IIQE Paper 1, IIQE Paper 2, IIQE Paper 3, and IIQE Paper 6.
How can we help?
2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for HKSI LE Papers 1, 2, 3, 5, 6, 7, 8, 9, 12 in Chinese and English; and bibles for HKSI LE Papers 1, 2, 6, 7, 8 in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for HKSI LE Papers 1, 2, 6, 7, 8, 12 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:
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