Wednesday, August 10, 2011

How to Become an Insurance Agent in the Philippines?

In my blog entitled "Is Your Insurance Agent Qualified to Sell Insurance Contracts?," I stated that the Insurance Code of the Philippines requires that no person shall act as insurance agent in the solicitation or procurement of applications for insurance or receive for services in obtaining insurance any commission or compensation from any insurance company doing business in the Philippines without first procuring a license from the Commissioner.

However, the Insurance Commission cannot just issue a license to any person who desires to become an insurance agent unless he/she had satisfied the Commissioner as to his/her competence and trustworthiness.

Competence can be determined by passing the examination conducted by the Insurance Commission.  This means you must have attended a seminar conducted either by the insurance company you are planning to represent, also known as the sponsoring insurance company, or taking a course at the Insurance Institute for Asia and Pacific, Inc. (IIAP).  A certificate coming from either the insurance company of IIAP will suffice your claim that you had been trained in the kind of insurance contemplated in the license.

Trustworthiness of the applicant can be proved by submitting documents showing that he/she is of good moral character and must not have been convicted of any crime involving moral turpitude.  An example of these documents are Certificate of Good Moral Character, and NBI or Barangay Clearance.

You may take the qualifying examination at the Insurance Commission's office in Manila that is conducted every day from Tuesday to Friday at 8:30 A.M.  The Commission's Cebu and Davao offices also conducts examination every 2nd and 4th Wednesdays of the month.  Examination in other places shall be scheduled and applicants are suggested to coordinate with the representative(s) of the sponsoring insurance company or organization in the area of exam.

To pass the examination, you must have at least 30 correct answers out of 50 questions.  If you fail the exam, you will be allowed to retake the exam provided it will not be taken within the same day the exam which you failed was conducted.
Posted by Manuel Antonio at 12:01 AM
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29 comments:

  1. johnseomavenDecember 8, 2011 at 8:20 AM

    If you wish to become an insurance agent, I would suggest that you should take an insurance course online so you can take it anywhere you want at your preferred time. Most online courses that are offered online feature an instructor-connect program so you can interact with an online teacher if you have questions regarding the licensing exam. The online teacher will also guide you through the different phase of the exam.

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  2. UnknownMay 2, 2013 at 1:59 AM

    Really your blog is very interesting.... it contains great and unique information. I enjoyed to visiting your blog. It's just amazing.... Thanks very much
    CEA Approved RES Course Provider

    ReplyDelete
  3. brett.forexMay 9, 2013 at 1:42 AM

    Thanks for the information. It is very informative.
    I agree to this statement.
    PPLIC

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  4. ladyyvettebondocMay 9, 2013 at 8:46 PM

    That is a great article. it is very informative. We learn a lot on it.
    Prudential life

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  5. UnknownAugust 7, 2013 at 5:55 PM

    Hello Manuel, you have given us so much ideas through your post. I believe that Filipino agents are very hardworking not just agents but all Filipino people.
    For me, It's really very effective and so advantage to have or build a insurance agent website so that many people can know more about companies or agencies and their benefits just like Local Agent Sites that generate insurance leads.

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  6. UnknownApril 16, 2014 at 8:11 PM

    is this schedule of exam applicable to non-life insurance also?

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    Replies
    1. UnknownMay 8, 2014 at 12:12 AM

      Hi Ms. Jocelyn, im geoff from commonwealth insurance company, I want you to be part of our our company as a non life insurance agent. Pls. contact me at 8187626 if you are interested. thank you.

      Delete
    2. vaszDblogger in K.S.AMay 5, 2019 at 12:30 AM

      Hi Sir Geoffrey, I am interested in joining the field of insurance since i have long years working in health insurance abroad specifically Riyadh, Saudi Arabia. let me know on how to apply. thank you ahead. Ms. Karen. i shall leave you my email: miqho2x@gmail.com

      Delete
  7. UnknownApril 16, 2014 at 8:12 PM

    is this schedule of exam applicable to non-life also?

    ReplyDelete
  8. Dr. Carmelita C. BallesterosFebruary 12, 2015 at 12:00 PM

    Thanks very much. Cheers!

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  9. ZabMay 12, 2015 at 8:34 PM

    Thanks for sharing. I really want to be an agent someday. Here is a Pres. Aquino's message about Insurance scams in the Philippines.

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  10. momarleneAugust 3, 2015 at 11:20 PM

    Hello, is 30 really the passing grade? I was with a group that took the exam at the Insurance Commission for non-life insurance agents, last week, and some failed for getting 30 out of 50. Can you clarify this? Thanks

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  11. Romeo YbanezAugust 17, 2015 at 1:13 AM

    Do I need a license even if I just refer clients to the sales department of car insurance company and get commission?

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  12. Carlos Miguel De VillaOctober 1, 2015 at 11:23 PM

    It's good to be an insurance agent but defrauding innocent people and involving them in insurance scam in the Philippines is really bad.

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  13. GerardApril 15, 2016 at 8:33 AM

    What if I am a trained and licensed insurance agent abroad? do i need to do any more training in the Philippines to become a licensed agent there?

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  14. GerardApril 15, 2016 at 8:35 AM

    What if I am a trained and licensed insurance agent abroad? do i need to do any more training in the Philippines to become a licensed agent there?

    ReplyDelete
  15. UnknownAugust 22, 2016 at 6:58 AM

    hi this is sanjay i just want more information about third party insurance. and if you want to more info visit to know more:Third Party Insurance

    ReplyDelete
  16. historypakSeptember 23, 2016 at 1:34 AM

    It proved to be Very helpful to me and I am sure to all the commentators here! liability insurance Texas

    ReplyDelete
  17. UnknownDecember 12, 2016 at 4:02 AM

    Hi Sir I am an insurance agent before 2013 (life) do I need to take again the licensing if i will sell life insurance again?

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  18. JohnnyJanuary 22, 2017 at 3:09 AM

    I am a licensed life insurance agent in the USA right now,do i have to be a citizen of the phillipines to get licensed to sell there?

    ReplyDelete
    Replies
    1. UnknownAugust 9, 2019 at 7:28 PM

      Hello Mr. Payne, where are you about in the USA? Also, do you still practice? If so, hit me up at richgec3@gmail.com. Thanks you

      Delete
  19. UnknownMay 3, 2019 at 2:49 PM

    i want to become a car insurance agent in the Philippines - can anyone help me?

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  20. vaszDblogger in K.S.AMay 5, 2019 at 12:33 AM

    please let me know on how to become car insurance agent in our country Philippines. thankU

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  21. Rey-December 5, 2019 at 7:02 PM

    select your preferred insurance company. attend seminars and training. Request them to have you issue a certificate of good moral, etc then let them sched you for your exam.

    ReplyDelete
  22. UnknownOctober 31, 2020 at 4:04 AM

    Good day i would like to ask where can I get a reviewer for Insurance Comission exam thanks, hoping for your repl soon!

    ReplyDelete
  23. UnknownMarch 1, 2021 at 5:48 AM

    Business Insurance NY Really I enjoy your site with effective and useful information. It is included very nice post with a lot of our resources.thanks for share. i enjoy this post.

    ReplyDelete
  24. UnknownAugust 29, 2021 at 9:01 AM

    One quick question. Can I be an insurance agent? I did not finish my Course in college.

    ReplyDelete
  25. UnknownOctober 29, 2021 at 2:33 AM

    Hello, i've been an nonlife insurance agent for 25 years and 10 years for life insurance. I want to put up an Insurance Agency/Services Company, what will be the process?

    ReplyDelete

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