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Insurance Intermediaries Qualifying Examination

IIQE · Insurance

The IIQE is the mandatory licensing examination every individual must pass before being licensed by the Insurance Authority to sell insurance in Hong Kong. A compulsory core paper plus optional line-of-business papers mean you only sit what your products require. Every paper is multiple-choice, bilingual and offered year-round.

Live bankPass mark: 70% per paperBilingual

Overview

The IIQE is the mandatory licensing examination every individual must pass before being licensed by the Insurance Authority to sell insurance in Hong Kong. A compulsory core paper plus optional line-of-business papers mean you only sit what your products require. Every paper is multiple-choice, bilingual and offered year-round.

100% multiple-choice, bilingual, every question compulsory. Paper I and Paper V run 2 hours (75 and 80 questions); Papers II and III run 1h15m (50 questions each). Results are PASS/FAIL only.

Who it’s for

Anyone seeking to become a licensed individual insurance agent, technical representative (agent) or technical representative (broker). The combination depends on your business line — general, long term, or investment-linked.

Key facts

What to know before you enrol

Pass mark
70% per paper
Language
Bilingual — English & Chinese on the same paper
Exam modes
Pencil-and-paper, computer screen; remote invigilation for Papers I–III
Result reporting
PASS / FAIL only
Sitting frequency
Held year-round, subject to demand
Where to sit
PEAK Examination Centre, Hong Kong (VTC)
Note on Paper IV
No Paper IV — the former MPF paper left the IIQE in 2013
Papers & syllabus

Pick a paper and start practising

I

Paper I — Principles & Practice of Insurance

📝 75 MC⏱️ 120 minLive bank

The compulsory core paper covering insurance principles, the legal and regulatory framework, and ethical conduct. Every licensee must pass it.

Insurance principles & conceptsThe insurance market & intermediariesLegal & regulatory framework / Insurance OrdinanceCode of Conduct & ethicsRisk & insurance fundamentalsInsurance contracts & documentation
II

Paper II — General Insurance

📝 50 MC⏱️ 75 minLive bank

Optional paper for advising on general (non-life) insurance — motor, home, travel, personal accident, medical, marine and liability cover.

Motor insuranceProperty & home insurancePersonal accident & medicalTravel insuranceMarine & cargo insuranceLiability & employees’ compensation
III

Paper III — Long Term Insurance

📝 50 MC⏱️ 75 minLive bank

Optional paper for advising on long term (life) insurance — whole life, term, endowment, critical illness and health products.

Types of life insurance productsUnderwriting & claimsPremiums, policy values & bonusesHealth & medical insuranceTaxation & trusts basicsNeeds analysis & policy servicing
V

Paper V — Investment-linked Long Term Insurance

📝 80 MC⏱️ 120 minLive bank

Optional paper required to advise on investment-linked assurance schemes (ILAS). You must also hold the relevant long term qualification.

ILAS featuresInvestment fundamentals & fund typesRisk & return / fees & chargesSuitability & disclosure requirementsRegulation of ILAS productsClient needs analysis
Preparation tips

A few moves before you drill

1

Start with Paper I — it is compulsory for every line and its principles underpin all the other papers.

2

Only register for the papers you actually need: general agents take I + II, long term agents take I + III, ILAS sellers add V.

3

Download the free official study notes and syllabus, and work through past-style MCQs to build speed.

4

Aim comfortably above 70% — every question is compulsory and there is no negative marking, so never leave a blank.

5

If you choose computer mode, try the official online demo first so the on-screen format doesn’t slow you down.

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