The Response of the Insurance Agents Registration Board to the Proposal Regarding the Institutional Set-up of the Office of the Commissioner of Insurance


The Insurance Agents Registration Board (IARB) is responsible for the administration of more than 46,000 registered insurance agents in Hong Kong.

The IARB is open-minded in so far as the proposal is concerned, provided that the following could be maintained and attained.

  • The IARB maintains its independence in the administration of insurance agents;

  • The cost of agents registration be kept at a cost-effective level as it is now, which is $120 per year for each registered agent;

  • The jurisdiction of the IARB be made statutory; and

  • The administration of insurance intermediaries, agents and brokers alike, be made uniform.