During this period, our public hotline will be closed but we remain available to assist you at This email address is being protected from spambots. Licensing To arrange contracts of insurance for direct general insurers, general insurance agents must register with the General Insurance Association of Singapore (GIA)’s Agents’ Registration Board (ARB) through the principal insurers they intend to represent. CAREERS. Back. A Singapore Government Agency Website. Chris Lee takes pride in his job and as his client, you deserve accurate current market information, honesty, trust, and an agent … The SII is a members' institution for Professionals in Insurance and Financial Services. Office: 60 Paya Lebar Road #13-23 Paya Lebar Square Singapore 409051 (via Office Lift Lobby 1) Course Requirement for New Entrants: New entrants must meet the educational qualification of at least 4 GCE "O" Level passes or equivalent, which is one of the regulatory requirements for salespersons. Regulations, guidance and licensing for payment service providers and systems. 19), Finance Companies Act (Cap. NEWS AND PUBLICATIONS. Section 1A of the Act sets out the interpretation of insurance agent. 186), Banking Act (Cap. General Insurance Association of Singapore. Must possess Certificate of General Insurance (CGI) or other acceptable general insurance qualification. CURRENCY. The application fee for a new licence and renewal of licence is $107 per estate agent licence (inclusive of GST). The SII is incorporated as a public company limited by guarantee and its constitution cannot be altered without the consent of the Minister of Finance. From personal experience, our ex-insurance agent friend shared with us that he made on average about $1,000 – $1,500 a month as a full-time insurance agent during his one and a half year stint. Representing Singapore’s General Insurance Industry Since 1966 The GIA team is currently working from home . General insurance agents are regulated under section 35M of the Insurance Act. ... Insurance Regulations, guidance and licensing for insurers. The Insurance Act regulates the distribution of insurance. QBE Insurance (Singapore) Pte Ltd. 1 Wallich Street, #35-01, Guoco Tower, Singapore 078881 Tel: 6224 6633 Fax: 6533 3270 www.qbe.com.sg Payment(s) to be made via crossed cheques/cashier orders payable to 'Council for Estate Agencies' only. If you perform any of these activities, you are likely to be considered to be acting as an insurance agent: i. receiving proposals for, or issuing, policies in Singapore; Show menu. Register of Representatives; The MAS Register of Representatives (the “Register”) is a public record of individuals who conduct regulated activities under the Securities and Futures Act and provide financial advisory services under the Financial Advisers Act. (b) general business, that is to say, all insurance business which is not life business, and shall include the effecting and carrying out by any person, not being a person licensed, approved, designated or otherwise regulated under the Monetary Authority of Singapore Act (Cap. 180 Cecil Street, #15-01 Bangkok Bank Building, Singapore 069546. STATISTICS. Regulation. Home; Regulation. Agent which is a company or partnership business registered with ACRA must have a minimum paid-up capital of S$25,000 at the time of application and must currently maintain the same. Becoming an Agent. SINGAPORE FINANCIAL CENTER. 108) or Securities and Futures Act (Cap. A down-to-earth guy who started off in the Singapore real estate industry with a passion to serve and fulfilling his client’s real estate needs. The annual licence fee* for estate agent is shown in the tables below. Search For: Individual Or Nominee Agent: Corporate Agency : Search Criteria : ... All right reserved. Registered Agent of GIA.

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