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How to apply for a Hong Kong insurance broker license? What are the required materials?

Financial card care question

The functions of Hong Kong insurance brokers and mainland insurance brokers are actually similar.,We all choose insurance products reasonably from the customer's perspective to help customers achieve maximum benefits.,Generally, mature insurance brokerage companies have many contracts with insurance companies., If you want to obtain an insurance broker license, you can apply for it again,But overall, it will take a relatively long time.,Background to shareholders,The qualification review of executive CE personnel is also more stringent.,Based on Hong Kong Information Communications’ many years of experience,If you want to obtain a Hong Kong insurance brokerage license, you still need a professional to handle it for you.,In this way, we can successfully connect with relevant departments better and faster.。

Hong Kong Insurance Broker License New Application

Application conditions

  1. Must be a company incorporated in Hong Kong or an overseas company registered with the Hong Kong Companies Registry。Have a physical office address、Company account。
  2. Sufficient equity:Insurance brokerage companies are required to maintain a minimum net asset value and paid-up share capital of HK$100,000 at all times.。
  3. Compliance CEO:1name,Must be a full-time director or full-time employee of the company’s business in Hong Kong。

Another way is to acquire an existing Hong Kong insurance brokerage company,But first you need to understand clearly what kind of,One is those who only have an insurance brokerage license but do not have any insurance contract. We call it Qingshui License.,Another option is to get one that has signed a contract with the three major insurance companies.,The price of this kind will be relatively higher.。

Hong Kong insurance brokerage company

transfer process

The information changes involved are not as simple as imagined.,Including administrative CE, should it be changed?,How to change,Should the insurance contract be re-signed?,Do you need to provide sources of funds, etc.,It's all very particular。Based on the experience of Hong Kong Telecom,It really needs to be more scientific

Process

and operating techniques,Only in this way can we successfully connect and communicate with the China Insurance Regulatory Commission.。

Hong Kong insurance broker license new application or transfer:Option 1:All-inclusive new application,Duration: about 5 months。

personnel:The address of CE (Chief Executive Officer) can be provided by us:Office (can be found by us) funds:10010,000 Hong Kong dollars capital verification and payment (customer is responsible) Plan 2:Acquire existing insurance companies,With contracts from three major insurance companies (Prudential、AXA、AIA) duration:1-2Monthly address and personnel:Ready-made funds that can be used directly:100No need to invest another 10,000 Hong Kong dollars, plan 3:Acquire existing insurance companies,With small insurance company contract/or without contract duration:1-2Monthly address and personnel:Ready-made funds that can be used directly:100No need to invest another 10,000 Hong Kong dollars


About Hong Kong Xintong

Hong Kong Xintong focuses onHong Kong Securities and Futures Commission licenseHong Kong Insurance Broker LicenseHong 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

Editing of articles in this issue:

Picture of Xu Wanting

Xu Wanting

Xu Wanting has been engaged in insurance and financial services compliance work in Hong Kong for many years,Responsible for the preparation of IA insurance brokerage regulatory compliance documents、Internal control process construction、AML system design、Regulatory filings and interactions with regulators。She is familiar with insurance product liability、sales compliance、Institutional requirements such as customer protection regulations and establishment of internal training and compliance systems。

Areas of expertise:IA Insurance Brokerage Regulatory Compliance Documentation、Internal control process construction、AML system design、Customer protection regulations、Internal training。

Previous institutions:Hong Kong insurance brokerage company & IA Compliance Team

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