What do types of tests for insurance agent certificates in Vietnam comprise?

1. What are types of tests for insurance agent certificates in Vietnam?

Pursuant to Article 5 of Circular 125/2018/TT-BTC stipulating test organization as follows:

1. Tests for insurance agent certificates shall be held in either online or writing form.

2. Test venue:

Tests for insurance agent certificates shall take place at the following locations:

a) Concentrated test venues in cities or provinces must be informed by the Department of Insurance Management and Supervision as stipulated in point a of clause 4 of Article 10 herein.

b) Test venues outside of cities and provinces referred to in point a of clause 2 of this Article must be registered by training establishments.

3. Responsibilities for organizing tests:

a) If tests are held at venues specified in point a of clause 2 of this Article, the Department of Insurance Management and Supervision shall be responsible for organizing tests in accordance with clause 5 of Article 10 herein.

b) If tests are held at venues specified in point b of clause 2 of this Article, training establishments shall be responsible for organizing tests in accordance with clause 3 of Article 11 herein.

c) Proctors and examiners shall implement responsibilities specified in clause 2 and 3 of Article 12 herein.

4. 01 working day before the test date, training establishments shall give the updated list of examinees in each test on the System of Management of Tests for Insurance Agent Certificates by using the form given in the Appendix No. 2 hereto. Examinees already completing insurance agent training programs shall attend tests according to the list published by training establishments where they have been trained.

As such, tests for insurance agent certificates shall be held in either online or writing form in Vietnam.

2. How many score do I have to be recognized as passing tests for insurance agent certificates in Vietnam?

According to Article 6 of Circular 125/2018/TT-BTC stipulating approval of exam results as follows:

1. Within the duration of 05 working days from the test date, training establishments must send reports on scores of tests in a writing form held at venues specified in point b of clause 2 of Article 5 herein to the Department of Insurance Management and Supervision (via the System of Management of Tests for Insurance Agent Certificates) by using the form given in the Appendix No. 3 hereto. Training establishments shall bear responsibility for accuracy and authenticity of report data. Training establishments shall have the burden of keeping custody of original copies of answer sheets at their facilities.

2. The Department of Insurance Management and Supervision shall issue the Decision on approval of results of tests for insurance agent certificates within the duration of 05 working days after the test date (with respect to tests referred to in point a of clause 2 of Article 5 herein), or within the duration of 03 working days after receipt of exam results on the System of Management of Tests for Insurance Agent Certificates (with respect to tests held at venues specified in point b of clause 2 of Article 5 herein). Examinees who gain at least 75% of total score of a test shall be recognized as those passing tests for insurance agent certificates.

According to this Article, when taking tests for insurance agent certificates, you must gain at least 75% of total score of a test shall be recognized as passing in Vietnam.

3. In how many days can examinees who take insurance agent certificates tests have the right to apply for the second marking in Vietnam?

In Article 7 of Circular 125/2018/TT-BTC stipulating second marking and handling of second marking results as follows:

1. Examinees shall have the right to apply for the second marking. Application for second marking shall be sent to the Department of Insurance Management and Supervision by using the form given in the Appendix No. 4 hereto within the duration of 20 days after the date on which the Department of Insurance Management and Supervision grants approval of exam results.

2. The Department of Insurance Management and Supervision shall carry out the second marking and respond in writing to examinees within the duration of 05 working days after the date on which the Department of Insurance Management and Supervision receives the examinee’s application for the second marking.

3. Based on the second marking results, the Department of Insurance Management and Supervision may send training establishments written notifications of adjustments in exam results (if any) in order to confer or take back insurance agent certificates as provided herein.

Thus, examinees taking tests for insurance agent certificates have right to apply for the second marking within 20 days after the date on which the Department of Insurance Management and Supervision grants approval of exam results in Vietnam.

Best Regards!