Notices

Last Revised Date: 08 November 2021

Notice 502 Minimum Standards and Continuing Professional Development for Insurance Brokers and their Broking Staff

Requirements and best practice standards on continuing professional development for insurance brokers and their broking staff.

Issued pursuant to:

Insurance Act (Cap. 142) section 64(2)

Applies to: Registered Insurance Broker , Exempt Insurance Broker

View Notice Notice 502 Minimum Standards and Continuing Professional Development for Insurance Brokers and their Broking Staff (381.6 KB)

This notice applies to all registered insurance brokers, exempt insurance brokers and their broking staff.

It sets out:

Minimum standards and examination requirements for broking staff.
Submission requirements for appointment of broking staff.
Continuing professional development for broking staff.

1 Nov 2021: Appendix 1 (Amendment) 2021 (91 KB) takes effect.
16 Apr 2020: MAS Notice 502 (Amendment) 2020 (1.15 MB) takes effect.
27 Dec 2018: MAS Notice 502 (Amendment) 2018 (1.02 MB) takes effect.
20 Jul 2015: MAS Notice 502 (Amendment) 2015 (71.4 KB) takes effect.
17 May 2013: MAS Notice 502 (Amendment) 2013 (61.3 KB) takes effect.
30 Sep 2009: MAS Notice 502 (Amendment) 2009 takes effect.
12 Dec 2008: MAS Notice 502 (Amendment) 2008 takes effect.
01 Jul 2005: MAS Notice 502 (Amendment) 2005 takes effect.

Appendix 1: Equivalent Qualifications to the Certificate in General Insurance (CGI) qualification (89.3 KB)

Appendix 2: Please refer to the Insurance Broker Registration page for the word version of the Application for Appointment of Broking Staff.