Vietnam: What are the documentation requirements, procedures and processes for registration of certification exam plans?
- What conditions must an insurance enterprise be met for conducting the exam in certificate of insurance agent in Vietnam?
- What are the documentation requirements, procedures and processes for registration of certification exam plans in Vietnam?
- What is the Certificate of Insurance Agent in Vietnam used for?
What conditions must an insurance enterprise be met for conducting the exam in certificate of insurance agent in Vietnam?
Pursuant to Clause 1, Article 21 of Circular 69/2022/TT-BTC stipulating as follows:
Conducting the Certification Exam
1. Exam venue:
Certification exams shall take place at the following venues:
a) at designated exam centres in provinces or cities informed by the Department of Insurance Management and Supervision;
b) Exam venues other than those prescribed in point a of clause 1 of this Article not in provinces or cities. In order to conduct exams in these venues, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall be required to get them registered;
c) Exam venues that are offices located in provincial-level administrative divisions of organizations providing insurance agent services; socio-political organizations entering into agreements on cooperation in insurance agent services with insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance.
Thus, the insurance enterprise is entitled to register the exam venue in the certificate of insurance agent.
Pursuant to Clause 3, Article 21 of Circular 69/2022/TT-BTC stipulating as follows:
Conducting the Certification Exam
....
3. When exams take place at the venues defined in point b of clause 1 of this Article, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall conduct an exam as follows:
a) No more than one exam shall be allowed to take place in each province or city, and shall be attended by at least 10 candidates;
b) The adequate number of facilities and separate rooms used for each exam shall be kept in place. Each exam room must be equipped with at least 02 sets of technical equipment used for audio-visual recording of exam activities and Internet network lines in good working condition needed for technological app-based proctoring purposes. For computer-based exams, computers must be in good condition and connected to CEMS, and can accommodate the needs of the minimum of 25% of total candidate;
c) Nominating proctors and markers;
d) Bearing responsibility for protecting confidentiality and security of exam papers and answer sheets during the entire period from receipt and use. Having the burden of complying with rules and regulations imposed during the exam conducting process;
dd) Reporting on exam results as provided in clause 1 of Article 24 herein;
e) Depositing the original paper-based answer sheets and exam files with Insurance companies, branches of foreign non-life insurance companies and mutuals providing microinsurance in at least 05 years; audio and/or visual records in at least 03 years following the exam date;
g) By reason of failing to comply with point b, d, dd or e of this clause, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall be prohibited from registering plans to conduct their certification exams within 01 month (for first violation) or 03 months (for recurring violation).
Thus, an insurance enterprise that wants to conduct the exam in certificate of insurance agent in Vietnam must meet the following conditions:
- No more than one exam shall be allowed to take place in each province or city, and shall be attended by at least 10 candidates;
- The adequate number of facilities and separate rooms used for each exam shall be kept in place. Each exam room must be equipped with at least 02 sets of technical equipment used for audio-visual recording of exam activities and Internet network lines in good working condition needed for technological app-based proctoring purposes. For computer-based exams, computers must be in good condition and connected to CEMS, and can accommodate the needs of the minimum of 25% of total candidate;
- Nominating proctors and markers;
- Bearing responsibility for protecting confidentiality and security of exam papers and answer sheets during the entire period from receipt and use. Having the burden of complying with rules and regulations imposed during the exam conducting process;
- Reporting on exam results as provided in clause 1 Article 24 of Circular 69/2022/TT-BTC;
- Depositing the original paper-based answer sheets and exam files with Insurance companies, branches of foreign non-life insurance companies and mutuals providing microinsurance in at least 05 years; audio and/or visual records in at least 03 years following the exam date;
- By reason of failing to comply with point b, d, dd or e Clause 3 Article 24 of Circular 69/2022/TT-BTC, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall be prohibited from registering plans to conduct their certification exams within 01 month (for first violation) or 03 months (for recurring violation).
What are the documentation requirements, procedures and processes for registration of certification exam plans in Vietnam? (Image from the Internet)
What are the documentation requirements, procedures and processes for registration of certification exam plans in Vietnam?
Pursuant to Article 22 of Circular 69/2022/TT-BTC as follows:
Documentation Requirements, Procedures and Processes for Registration of Certification Exam Plans
1. Registering the exam plan:
a) For exams to be held at the venues specified in point a and b of clause 1 of Article 21 herein, by the 25th day each month, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall register the plan for certification exam in the immediately following month;
b) For exams to be held at the venues specified in point c of clause 1 of Article 21 herein, not later than 15 days before the quarter in question ends, insurance companies, branches of foreign non-life insurance companies, or mutuals providing microinsurance shall register the plan for certification exam in the immediately following quarter.
c) Documents required for such registration shall be as required in Appendix 6 hereto.
Thus, an insurance enterprise that wants to conduct the exam in certificate of insurance agent needs to notify the Department of Insurance Management and Supervision through the Certificate Examination Management System plans to take the exam for the certificate of insurance agent in the following month.
What is the Certificate of Insurance Agent in Vietnam used for?
Pursuant to Clause 1, Article 19 of Circular 69/2022/TT-BTC stipulating as follows:
Certificate of Insurance Agent (or Certificate of Practising as Insurance Agent)
1. This type of certificate is classified into the followings:
a) Certificate of Basic Life Insurance Agent;
b) Certificate of Unit-linked Life Insurance Agent;
c) Certificate of Basic Non-Life Insurance Agent;
d) Certificate of Marine Insurance Agent;
dd) Certificate of Aviation Insurance Agent;
e) Certificate of Health Insurance Agent.
Thus, there are 6 types of insurance agent certificates as above.
Pursuant to Clause 3, Article 19 of Circular 69/2022/TT-BTC stipulating as follows:
Certificate of Insurance Agent (or Certificate of Practising as Insurance Agent)
...
3. Those Certificates of Insurance Agent defined in clause 1 of this Article may be used as follows:
a) The Certificate of Basic Life Insurance Agent may be used for representing as an agent for life insurance products (except unit-linked insurance product) and health insurance products;
b) The Certificate of Unit-linked Insurance Agent may be used for representing as an agent for unit-linked insurance products;
c) The Certificate of Basic Non-Life Insurance Agent may be used for representing as an agent for non-life insurance products (except marine insurance products, aviation insurance products), products classified into health insurance lines, each of which has the maximum insurance term of 01 year; and casualty insurance products, each of which has the maximum insurance term of 01 year;
d) The Certificate of Marine Insurance Agent may be used for representing as an agent for marine insurance products;
d) The Certificate of Aviation Insurance Agent may be used for representing as an agent for aviation insurance products;
e) The Certificate of Life Insurance Agent may be used for representing as an agent for health insurance products and casualty insurance products, each of which has the maximum insurance term of 01 year.
Thus, depending on the type of certificate, there will be different purposes of use according to the above regulations.
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