Attend company product orientation /training.
Take examination at the Insurance Commission (attached examination form for Insurance Agent / Brokers
and Schedule of Examination Annex A & B)
Documents needed:
1. Certificate of training
2. Certificate of Good Moral
3. Fill up Application form
4. 2 pcs 1x1 ID picture
5. Valid ID
6. Examination Fee Ps 500.00
If you pass the examination, they can apply for a license, if not, they can still retake exam
Fill up Agents/Brokers License Application form for submission to the Insurance Commission
FOR ORDINARY AGENTS : documents needed
1. Duly filled up Application Form
2. Photocopy of Income Tax Return of the preceding year
3. Photocopy of previous Certificate of Authority from other insurance company
4. Photocopy of Residence Certificate
5. Photocopy of examination result
6. 2 pcs 1x1 ID Picture
7. Two (2) documentary stamps to be affixed to the application form and to the Certificate of Authority
FOR GENERAL AGENT : In addition to the above requirements (1-7)
8. Special Power of Attorney
9. General Agency Agreement
*FOR CORPORATION AND PARTNERSHIP : In addition to the above requirements (1-9)
10. SEC Certificate of Registration
11. Articles of Incorporation / Partnership and By-Laws
12. Companys Income Tax Return
13. ITR of Soliciting Official
14. Resolution of the Board of Directors or Appointment papers of the Soliciting Officials of the Corporation/Partnership
***Minimum paid up capital of Ps 250,000.00
Agency fee Ps 300.00 / General Agent Ps 5,000.00 / Brokers Fee Ps 10,000.00
If he/she represents other insurance company, prepare permission / clearance from company
Waiting period is 30 days, if no reply, application is presume approved/accepted
Submit the Agents / Brokers License application form to the Insurance Commission for approval (waiting period is up to 3 weeks)
If application is approved, a Certificate of Authority will issued
The Insurance company will prepare the Agents / Brokers Agreement or Memorandum of Agreement
