Exam Papers, Duration and Conditions for Passing Exams on Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam

What are regulations on Exam Papers, Duration and Conditions for Passing Exams on Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam?

Pursuant to Article 14 of the Circular 69/2022/TT-BTC stipulating regulations on Exam Papers, Duration and Conditions for Passing Exams on Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam as follows:

Exam Papers (or Question Sheets), Exam Duration and Conditions for Passing Exams on Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services

1. Each question paper designed for the exam in the Certificate in Insurance or the Certificate of Insurance Broker shall consist of 60 quizzes to be answered within 90 minutes while, for the exam in the Certificate in Insurance Auxiliary Services, 80 quizzes to be answered within 120 minutes.

2. Any candidate correctly answering at least 70% of total number of exam questions shall be deemed as passing the exam in which he/she participates.

As regulations above, each question paper designed for the exam in the Certificate in Insurance or the Certificate of Insurance Broker shall consist of 60 quizzes to be answered within 90 minutes.

Each question paper designed for the exam in the Certificate in Insurance Auxiliary Services shall consist of 80 quizzes to be answered within 120 minutes.

Any candidate correctly answering at least 70% of total number of exam questions shall be deemed as passing the exam in which he/she participates.

What are regulations on approval and notification of Certification Exam Results for Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam?

Pursuant to Article 15 of the Circular 69/2022/TT-BTC stipulating regulations on approval and notification of Certification Exam Results for Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam as follows:

Approval and Notification of Certification Exam Results

The Department of Insurance Management and Supervision shall issue the Decision on approval of certification exam results; inform exam results in order for the training institutions where candidates apply for participation in exams to notify such results to these candidates (via CEMS) within 05 working days from the exam day (for paper-based exams), or 03 working days from the exam day (for computer-based exams).

As regulations above, the Department of Insurance Management and Supervision shall issue the Decision on approval of certification exam results for Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services in Vietnam, and:

Inform exam results in order for the training institutions where candidates apply for participation in exams to notify such results to these candidates (via CEMS) within 05 working days from the exam day (for paper-based exams)

Or 03 working days from the exam day (for computer-based exams).

What are regulations on award or Conferral of Certificate in Insurance, Certificate of Insurance Broker, Certificate in Insurance Auxiliary Services in Vietnam?

Pursuant to Article 16 of the Circular 69/2022/TT-BTC stipulating regulations on award or Conferral of Certificate in Insurance, Certificate of Insurance Broker, Certificate in Insurance Auxiliary Services in Vietnam as follows:

Award or Conferral of Certificate in Insurance, Certificate of Insurance Broker, Certificate in Insurance Auxiliary Services

1. Based on the Decision on approval of exam results from the Department of Insurance Management and Supervision, domestic insurance training institutions shall confer the Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services on the candidates passing the exams who have registered their participation in these exams with these training institutions.

2. Certificate conferral shall be completed within 10 days of receipt of the Decision on approval of exam results. Awarded certificates shall be in the forms prescribed in the Appendices hereto, including Appendix 1 (Form of Certificate in Insurance), Appendix 2 (Form of Certificate of Insurance Broker), Appendix 3 (Form of Certificate in Insurance Auxiliary Services).

3. Within 05 working days following the award of these certification types, training institutions shall update the list of certificates that they have awarded on CEMS by using the Form defined in Appendix 4 hereto, including the following information:

a) Certificate holder’s personal information (including full name, birth date, Citizen ID card/ID card/Passport number);

b) Name/type of certificate;

c) Date of conferral;

d) Certificate reference number.

As regulations above, based on the Decision on approval of exam results from the Department of Insurance Management and Supervision, domestic insurance training institutions shall confer the Certificate in Insurance, Certificate of Insurance Broker or Certificate in Insurance Auxiliary Services on the candidates passing the exams who have registered their participation in these exams with these training institutions.

Best regards!