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Training Course for Remote Invigilation Mode Examination of Insurance Intermediaries Qualifying Examination – Principles and Practice of Insurance

Institute of Professional Education And Knowledge (PEAK)
Institute of Professional Education And Knowledge (PEAK)
Latest Courses / Seminars Continuing Professional Development
Programme Code
IA-2022001
Subject Area
Insurance
Programme Type
Short Course
Offering Institution
Institute of Professional Education And Knowledge (PEAK)
Contact Hours
9
CPD / CPT Hours
IA: 3 CPD hours
Please contact 2836 1922 | Institute of Professional Education And Knowledge (PEAK) for the details of class commencement date

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.

 

 


Entry Requirements

18 years old or above


Remarks

.

Enrollment
Please use the attached enrollment form and follow the “Notes for Applicants” in the form to apply for courses.
All places are allocated on a first-come-first-served basis. Incomplete forms and forms received without payment will be regarded as unsuccessful applications.

 

Deadline for Application
7 working days (Exclusive of Saturdays) prior to class commencement date.

Notification of Class Commencement
Successful applicants will be notified of the class information by the contact method specified on the enrollment form at least 3 working days before class commencement. PEAK will not be responsible for the loss of class notification sent by mail. Please contact us if you do not receive the notification before the class commencement (Tel.: 2836 1922).

Course Fees/Receipt
For a course commencing within 7 working days at the time of enrollment, trainees are required to settle the course fee by cash.

Course fees paid are also non-refundable, except for cases of unsuccessful applications and course cancellation or rescheduling. Fees paid and places enrolled are also not transferable, and request for course swapping will not be entertained.
Trainees will sign and collect the receipt at the first lesson. Fees paid after the enrollment deadline may result in delay in receipt issuing. For those who have not collected the receipts at the first lesson, our staff will contact them for picking up / mailing arrangement. PEAK will not be responsible for any loss in mailing. Trainees will be required to pay an administrative charge of HK$100 for their request for each additional receipt copy. Please send crossed cheque payable to “Vocational Training Council” with a written application attention to “The Course Team” of the Institute. (Inquiry: 2836 1922)

 

Enrollment Form for Programme Application

Please download here

 

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.

 

 

28361922

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