Background
An individual licensee who has relied on Remote Invigilation Mode Examination (RIME) of Insurance Intermediaries Qualifying Examination (IIQE) to obtain his/her first intermediary licence would initially only have a licence that runs to the end of the stated 18-month period. Upon the expiry of the 18-month period, the intermediary licence can be renewed for another 3 years provided that the individual licensee has fulfilled either of the requirements in (i) or (ii) below within the 18-month period, and shows proof of this to the Insurance Authority (IA) during his/her intermediary licence renewal application.
(i) have completed a tailor-made course for the relevant IIQE paper; or
(ii) have passed the relevant original IIQE paper.
If, however, the individual licensee fails to submit to the IA evidence of fulfilling either measures (i) or (ii) above by the end of the 18-month period when his/her first licence is due for renewal, the first licence will expire at that point without renewal.
Objectives
This course aims to allow individual licensees to fulfil the requirement in (i) above. Each course will cover all the topics in the syllabus of the IIQE papers. The individual licensees have to attend the course for the relevant IIQE paper. The duration of each course is 9 learning hours and there will be 30 minutes end-of-course assessment with 25 multiple-choice questions to ensure the licensees’ understanding of the course contents. CPD hours can be granted at the rate of one CPD hour for every 3 hours of participation in this course. The 30 minutes end-of-course assessment will not be counted towards the total CPD hours granted.
The individual licensees have (i) attended the 9-hour course; and (ii) obtained a pass mark (answered at least 17 multiple-choice questions correctly) in the end-of-course assessment to obtain the Certificate of Completion and the corresponding CPD hours. If the individual licensees fail in the end-of-course assessment, they will not get the Certificate and any CPD hours and will not be regarded to have fulfilled the requirement imposed to them within 18 months. The individual licensees may refer to the below links for the requirement:
https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Circular_IIQE_20201221.pdf
https://www.ia.org.hk/en/legislative_framework/circulars/reg_matters/files/Circular_RIME_15032022_ENG.pdf
Target
Individual licensees who has relied on Remote Invigilation Mode Examination (RIME) of Insurance Intermediaries Qualifying Examination (IIQE) to obtain his/her first intermediary licence
Course Outlines
IA-2022001 Principles and Practice of Insurance (3 CPD hours)
- Risk and Insurance
- Legal Principles
- Principles of Insurance
- Core Functions of an Insurance Company
- Structure of Hong Kong Insurance Industry
- Regulatory Framework of Insurance Industry
- Ethical and Other Related Issues
Duration: 9 learning hours, and 30 minutes end-of-course assessment
9 learning hours and 30 minutes end-of-course assessment (25 multiple-choice questions). The exact score, the end-of-course assessment questions and the corresponding correct answers will not be disclosed in any case.
The Certificate of Completion and the corresponding CPD hours should issue to the individual licensees who have (i) attended the 9-hour course; and (ii) obtained a pass mark in the end-of-course assessment (individual licensees are required to attend 100% of the 9-hour course to sit for the end-of-course assessment).
Applicants MUST prepare camera or web cam with stable network connection.
During the class, student must keep the camera on, and stay in front of the camera, otherwise the CPD hours will be deducted.
