IIQE 21 Parts Breakdown
Paper I / II / III / V — what each paper covers
Paper I: Principles & Practice of Insurance · compulsory
The common prerequisite for every intermediary — covering risk, insurance principles, legal and regulatory foundations, and the basis for the other papers.
- Part 1: Risk & Insurance · 51 questions
- Part 2: Legal Principles · 40 questions
- Part 3: Insurance Principles · 78 questions
- Part 4: Core Functions of Insurers · 34 questions
- Part 5: HK Insurance Industry Structure · 27 questions
- Part 6: Insurance Regulatory Framework · 51 questions
- Part 7: Ethics & Related Matters · 37 questions
Paper II: General Insurance · general insurance agents
Covers non-life products such as property and liability insurance — underwriting, policy terms and claims handling.
- Part 1: Insurance Products · 78 questions
- Part 2: Underwriting & Policy Terms · 80 questions
- Part 3: Claims · 44 questions
- Part 4: General Insurance Regulations · 22 questions
Paper III: Long Term Insurance · life / long-term agents
Covers life and long-term savings products, insurer operations, policy servicing and the sales process.
- Part 1: Long Term Insurance Products · 40 questions
- Part 2: Insurer Operations · 34 questions
- Part 3: Long Term Insurance Regulations · 51 questions
- Part 4: Policy Servicing · 40 questions
- Part 5: Sales Process · 59 questions
Paper V: Investment-linked Long Term Insurance · ILAS sales
Covers investment-linked (ILAS) product structure, investment principles, regulations, needs analysis and client communication.
- Part 1: Product Structure · 30 questions
- Part 2: Investment Principles · 62 questions
- Part 3: ILAS Regulations · 76 questions
- Part 4: Needs Analysis · 104 questions
- Part 5: Client Communication · 72 questions
1,100+ practice questions + 4 mock exams
PrepLicense covers all 21 parts of Paper I/II/III/V, aligned with the official syllabus, with bilingual explanations.
Independent study aid. Not affiliated with or endorsed by the Insurance Authority (IA) or the Vocational Training Council (VTC).
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