| Regulatory Framework > Regulation
of Insurance Intermediaries |
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Prior to the implementation of the IIQAS,
insurance intermediaries (i.e. insurance agents and brokers)
may not be required to sit for any public examination. Taking
into consideration the increasing sophistication and differentiation
of insurance products and the strengthening of regulatory
requirements, it is considered necessary to further enhance
the professional standard of insurance intermediaries so as
to protect the interests of the insuring public. In this regard,
the IIQAS proposed by the Office of the Commissioner of Insurance
has gained general support from the insurance industry and
related bodies.
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