Established in Hong Konginsurance brokerage company，Overall cost controllable，ideal time efficiency。Apply for a new license from scratch，The whole process usually takes about 6 months；If you choose directacquisitionA ready-madeLicensed insurance brokerage company，Can be completed within 2 months at the earliest。Hong Kong Xintong currently has Hong Kong insurance brokerage companies available for transfer，At the same time, we also act as an agent for a full range of insurance brokers.License application，Assist clients to obtain professional qualifications through the best path。
According to regulations，Anyone interested in becoming an insurance broker，All must apply for authorization from the Hong Kong Insurance Regulatory Authority (IA)，Or apply to become a member of an insurance brokerage group recognized by the Insurance Authority。Whether directly authorized by the Insurance Regulatory Bureau，or as a member of a recognized body，All insurance brokers are subject to the same statutory requirements。If you become a member of a recognized body，You must also abide by the regulations and rules of the organization。
To be authorized by the Insurance Regulatory Authority as an insurance broker，or become a member of a recognized body，The person must be fit and properinsurance brokerselect，and must meet the minimum requirements set by the Insurance Authority for the following items:：
- Qualifications and experience
- Share capital and net assets
- professional indemnity insurance
- Maintain separate customer accounts
- Keep proper books and accounts
Details of the regulations are as follows。
Qualifications and experience
Insurance brokers or their chief executives must meet the following basic conditions:：
- Aged 21 or above
- Be a permanent resident of Hong Kong，Or hold Hong Kong resident status and the terms of the work visa (if any) do not restrict them from engaging in insurance brokerage business
- Possess Form 5 education or equivalent
also，Applicants must also meet one of the following professional qualification requirements：
- Hold recognized insurance industry qualifications，and have at least two years of work experience in management positions in the insurance industry。If you plan to engage in long-term insurance (including linked long-term insurance) brokerage business，unless exempted，Must pass the "Investment-linked long-term insurance test paper" in the intermediary qualification examination recognized by the Insurance Regulatory Bureau；
- Have at least five years of working experience in the insurance industry，Two of these years must be in a managerial position，And must pass the relevant intermediary examination papers approved by the Insurance Regulatory Bureau，Except for those exempted。
Share capital and net assets
Insurance brokers are required to maintain a share capital and net asset value of not less than HK$100,000。
professional indemnity insurance
Insurance brokers must maintain effective professional indemnity insurance。in any 12-month period，Minimum limit of compensation per claim，Should be twice the accumulated insurance brokerage commission income for the immediately preceding 12 months，And the amount must be at least HK$3 million，The upper limit is HK$75 million。If you think it is necessary，Insurance brokers can voluntarily arrange higher sum assured for coverage beyond HK$75 million。
Maintain separate customer accounts
Insurance brokers must deposit client funds into designated separate client accounts，Ensure complete separation from own funds。
Keep proper books and records
Insurance brokers must maintain books and other records sufficient to explain transactions and facilitate proper audits。
About Hong Kong Xintong
Hong Kong Xintong focuses onHong Kong Securities and Futures Commission license、Hong Kong Insurance Broker License、Hong Kong MSO Licenseandmoneylenders licenseApply for service，Assist customers to applyUS MSB license、NFA、RIA、Canadian MSB license、Mainstream overseas financial licenses such as Australia and Mexico，Support enterprises to achieve compliance expansion of cross-border financial business。Also availableCayman Islands Offshore Company Registration、Offshore fund establishment and global compliance operations and other services，Help enterprises expand their presence in international markets。Provide one-stop compliance solutions for enterprises。To learn more，Please contactHong Kong Information Communications Consultant。
