Insurance Exam For Financial Advisor
A financial advisor with only a series 6 may not sell individual stocks or bonds.
Insurance exam for financial advisor. Licensing exam in the insurance commission p2 020 pesos fee for the 2 exams needed trad life and vul. To practice financial advisory all agents in singapore need to pass 3 exams before applying for their license. As well as real estate and life insurance. For all other types of financial advisory activities you are required to maintain a minimum base capital of s 500 000 or a lower base capital of s 300 000 plus an additional professional indemnity insurance of s 500 000.
Personal financial advisor test help individuals in managing their personal finances in order to achieve personal goals such as children s education house purchase etc. Visit us ic manila 1071 united nations ave ermita manila ic cebu district office door 10 11 ground floor hvg arcade i t. In 2002 mas introduced a licensing framework and launched a modular examination known as the capital markets and financial advisory services examination cmfas exam. Payments must be settled at least 2 weeks before the exam you must pass both exams.
The basic exam descriptions is as below. To become general insurance agent in india a candidate should pass irda ic 38 exam. They use the data from the client regarding income and expenses to devise a financial plan. Why your elevator speech is a key tool as a financial advisor.
Park subangdako mandaue city cebu. As a financial advisor your elevator speech should focus on what you do and who you serve. You are required to maintain financial resources that are the higher of. M5 rules and regulations for financial advisory services m9 life insurance and investment linked policies and health insurance hi.
What is the eligibility criteria for becoming insurance advisor. 70 passing rate for each exam 50 items each. Advisers who wish to be employed by the financial advisers to carry out advisory services are required to pass the requisite cmfas modules and meet a set of basic criteria. To become life insurance agent in india a candidate should pass irda ic 38 pre recruitment qualification exam.
You must pass both exams. Ii financial resources requirement. Unlimited retake of exam but you need to pay the exam fees again. This is an exam you must pass in addition to the series 7 or.
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