Licence Application

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Requirements for an Individual Insurance Agent Licence, a Technical Representative (Agent) Licence or a Technical Representative (Broker) Licence

• Appointment by Principal

Types of Individual Licensee	Principal
Licensed Individual Insurance Agent	Authorized Insurer
Licensed Technical Representative (Agent)	Licensed Insurance Agency
Licensed Technical Representative (Broker)	Licensed Insurance Broker Company

• Compliance with the education requirements as specified in the Guideline on “Fit and Proper” Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41)
• Compliance with Insurance Intermediaries Qualifying Examination (“IIQE”) requirements unless exempt
• Satisfactory records on reputation or financial soundness

Requirements for a Licensed Insurance Agency

• Appointment by an authorized insurer
• Appointment of a Responsible Officer approved by the IA
• Compliance with the organizational competence requirements (e.g. corporate governance, internal controls and risk management) as specified in the Guideline on “Fit and Proper” Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41)

Requirements for a Licensed Insurance Broker Company

• Appointment of a Responsible Officer approved by the IA
• Maintenance of a client account with a bank in Hong Kong
• Compliance with the requirements set out in the Insurance (Financial and Other Requirements for Licensed Insurance Broker Companies) Rules
• Compliance with the organizational competence requirements (e.g. corporate governance, internal controls and risk management) as specified in the Guideline on “Fit and Proper” Criteria for Licensed Insurance Intermediaries under the Insurance Ordinance (Cap. 41)

Application Procedures

Individual applicant can submit licence application to the IA by electronic submission via an online portal “Insurance Intermediaries Connect” (“IIC”) with relevant licensing fee.

Applicant applying for new licence as an insurance agency or insurance broker company can submit application to the IA by paper submission.  Forms are available at IA's website.  If the application is considered generally complete, the IA will notify the applicant to submit the crossed cheque for the fees which are payable for processing the application.