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
Is the IIQE paper based exam or computer based exam easier? Which exam is better to partake in?
Many people are curious about the differences between the IIQE’s computer-based exam and the paper-based exam. As per the two exams’ content, they are pretty much identical. The two exams use the same Study Guide, the exam questions are drawn in the same question bank. Some people say that they have taken a…
Is the HKSI paper-based exam or the computer-based exam easier? Which is better to partake in?
Many people are curious about the differences between the HKSI LE’s computer-based exam and the paper-based exam. As per the two exams’ content, they are pretty much identical. The two exams use the same Study Guide, the exam questions are drawn in the same question bank. Some people say that they have taken…
What are the differences between a computer-based and paper-based exam for the Estate Agents / Salespersons Qualifying Examinations?
There are differences between the computer-based exam and the paper-based exam? Some people say that the computer-based exam / paper-based exam will be easier? Many people are curious about the differences between the EAQE/SQE’s computer- based exam and the paper- based exam. As per the two exams’ content, they are pretty much…
What is the difference between the computer-based exam and the paper-based exam of the Insurance Intermediaries Qualifying Examination
Many people are curious about the difference between the IIQE’s computer-based exam and the paper-based exam. First of all, IIQE does not hold many paper-based examinations. In many cases, it will only hold paper-based examinations for Paper 1. If you have special needs, such as not being proficient with computers, or having a vision…
What are the differences between the computer-based exam and the paper-based exam of the Licensing Examination for Securities and Futures Intermediaries (LE)?
There are differences between the computer-based exam and the paper-based exam? Some people say that the computer-based exam / paper-based exam will be easier? Many people are curious about the differences between the HKSI LE’s computer-based exam and the paper-based exam. First of all, HKSI does not hold many paper-based examinations. In many…
Which Licensing Examination for Securities and Futures Intermediaries exam paper should I partake in?
If you want to work in the front line of the securities industry, you have a good chance of needing to take The Licensing Examination for Securities and Futures Intermediaries. As for what test papers you need to take, first of all, you need to know that the number of the exam paper has…
If I have an overseas professional qualification, can I obtain a SFC securities license simply by recognising my prior qualification
Some students have worked in the securities finance industry outside of Hong Kong, and now they also need to obtain a securities business license in Hong Kong. Can work experience in the securities industry abroad help you waive the exam and allows a candidate to directly apply for the securities license from the Securities…
In order to obtain exemption from the HKSI LE exam or SFC’s academic requirement, how is relevant industry experience considered?
After reading the “Competency Guidelines” issued by the Securities Regulatory Commission, some students may have a big question mark on “Relevant Industry Experience”, “have X years of experience in the past X years”, and then ask us what kind of experience are counted as industry experience so they can be exempted from the Licensing Examination…
Which insurance intermediary qualifying examination paper should I take?
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…
The difference between IA Responsible Officer(RO) and technical representative (TR)
Regulatory Organisation Before explaining the difference between Responsible Officer and Technical Representative, you must first know that there is only one regulatory agency that regulates companies engaging in insurance business: the Insurance Authority (IA). All the powers concerning licensing matters, supervision tasks, sanctions and investigations of intermediaries of insurance intermediaries, insurance companies and insurance…