On September 16, 2019, the Ministry of Finance issued Circular 65/2019 / TT-BTC regulating the content of training, exam and recognition of certificates of insurance auxiliary. This Circular takes effect from November 1, 2019.
Circular 65/2019 / TT-BTC states that the types of certificates of insurance auxiliary specified in this Circular include:
1. Certificate of insurance consultancy;
2. Certificate of insurance risk assessment;
3. Certificate of insurance loss assessment;
4. Certificates of support of insurance compensation settlement.
The Ministry of Finance prescribes that the Insurance Research and Training Center is the unit organizing the examination of insurance subsidy certificates prescribed in this Circular. Exam format is focused exam.
According to the Circular, registration for the contest is done online on the website of the Center for Insurance Research and Training. Training institutions are responsible for registering candidates who are students of the training institution. Candidates are free to register directly with the center.
Exam papers on insurance ancillary are given as a test. Each test consists of general knowledge and professional knowledge. The number of questions related to the general knowledge section accounted for 40%, the number of questions related to the knowledge section accounted for 60% of the total number of questions per exam.
Within 5 working days from the end of the exam, the exam results will be announced on the website of the Center and the website of the Department of Insurance Supervision and Management.
The Insurance Administration and Supervision Department will be responsible for issuing regulations on exam certification for insurance subsidies; to build a bank of questions for the examination of insurance auxiliary certificates according to the provisions of this Circular; inspect and supervise the organization of examination, grant and revocation of certificates of insurance auxiliary.
The Insurance Administration and Supervision Department is also the agency that recognizes certificates of insurance subsidies issued by overseas training institutions and publicly announces the list of holders of insurance auxiliary certificates issued by establishments. Overseas training is recognized in Vietnam on the website of the Insurance Administration and Supervision Department.
In addition, the Circular also stipulates 05 cases of revocation of certificates of insurance auxiliary:
– Individual who is granted a certificate but does not take the certificate of insurance auxiliary or fails to pass the examination of certificate of insurance auxiliary organized by the Center;
– Certificate holders have forged or cheated on declared information;
– The certificate holder asks another person to do the exam;
– Exam results of candidates’ test are not enough to pass;
– Certificate holders let others use certificates.
Persons who have their insurance ancillary certificate revoked in the above-mentioned cases (except for the case of revocation due to examination results) must not take the exam of insurance auxiliary within 12 months from the date of There is a decision to revoke the certificate.
The introduction of Circular No. 65/2019 / TT-BTC is extremely necessary in the context of Vietnam’s rapidly growing and diversified insurance market; creating an important legal basis, contributing to ensure the provisions of the law on insurance business.