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:
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
10 Pros and Cons of Using the HKSI Official Study Notes
The HKSI LE study note has long been infamous amongst candidates. Its disadvantages include Too many words, too many typos, it takes a lot of time to read A lot of data will not actually appear in the exam The text is long, difficult to understand and dull The wording is vague and ambiguous. Some…
Numerous Celebrities, Including the Founder of KFC, Also Once Joined the Insurance Business Before Opening the Fried Chicken Shop!
Many well-known celebrities have worked in the insurance industry in their careers. Jack Ma, Asia’s richest man and chairman of the Alibaba Group, once said: “The mission of insurance is to give people a sense of security. Our lives are full of various risks and accidents, and insurance is to make people feel safe.” Let’s…
Why can’t you learn the practise questions by rote when studying for the IIQE Insurance Exam?
Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…
Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?
Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…
How to register for the IIQE Insurance Intermediary Qualifying Examination?
The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…
How to register for the HKSI LE Securities and Futures Practitioner?
The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…
Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes
Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…
What kind of jobs can I get after I pass the IIQE Hong Kong Insurance Exam?
After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…
What job opportunities can I get in Hong Kong after passing the HKSI LE securities exam?
First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…
10 Benefits of Working in the Securities Industry Which Can Bring You a Whole New Perspective
Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…