Membership
- The number of Members is declared to be unlimited.
- The subscribers to the Memorandum of Association and such other Members as the Executive Committee shall admit to Membership in accordance with these Articles shall be Members of the Society.
- Membership shall be open to any person who satisfies the Executive Committee that he complies and will continue to comply with the requirements as prescribed by the Executive Committee from time to time in accordance with these Articles and any Rules made pursuant thereto.
- Membership shall consist of 6 classes, namely, Associate, Fellow, Affiliate Member, Student Member, Founding Member and Honorary Member. Associates and Fellows shall also be termed as Full Members.
(a) Associate
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i) Associate is conferred on a candidate member who has passed the required examinations of the society or of some other Association or Institution which is recognised by the society as equivalent status.
ii) Associate shall pay an annual membership fee to validate the membership as prescribed in Article 9.
iii) Associate shall be entitled to receive notice of General Meetings, to attend and to vote at General Meetings pursuant to Article 25.
iv) Associate shall be entitled to annex the distinctive letters and descriptions to their names pursuant to Article 13.
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(b) Fellow
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i) Fellow is conferred on a candidate member who has passed the required examinations of the society or of some other Association or Institution which is recognised by the society as equivalent professional status.
ii) Fellow shall pay an annual membership fee to validate the membership as prescribed in Article 9.
iii) Fellow shall be entitled to receive notice of General Meetings, to attend and to vote at General Meetings pursuant to Article 25.
iv) Fellow shall be entitled to annex the distinctive letters and descriptions to their names pursuant to Article 13.
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(c) Affiliate Member
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i) Affiliate Member is conferred on a candidate member who has passed the required examinations of the society or of some other Association or Institution which is recognised by the society as equivalent professional status.
ii) Affiliate Member does not need to at all times actively engage in insurance business in Hong Kong.
iii) Affiliate Member shall pay an annual membership fee to validate the membership as prescribed in Article 9.
iv) Affiliate Member may not be entitled to receive notice of General Meetings, to attend and to vote at General Meetings pursuant to Article 25.
v) Affiliate Member shall be entitled to annex the distinctive letters and descriptions to their names pursuant to Article 13.
vi) Should circumstances occur whereby an Affiliate Member may change to Full Member status, such Member may at any time apply with full details in writing to the Executive Committee for approval of changing to Full Member status as the Executive Committee may deem fit.
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(d) Student Member
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i) Student Member does not need to at all times actively engage in insurance business in Hong Kong.
ii) Student Member shall pay a membership fee to validate the membership as prescribed by the Executive Committee from time to time.
iii) No distinctive letters shall be annexed to a Student Member.
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(e) Founding Member
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i) Subscribers of the society shall become Founding Members who will have the same status and privileges as Fellows under Article 6 (b).
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(f) Honorary Member
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i) Honorary Member shall be appointed in writing by the Executive Committee for defined periods of service.
ii) Honorary Member if invited by the Executive Committee may attend any meeting of the Executive Committee and Sub-committees and any General Meetings of the Members and give advice thereat but may not vote thereat unless also being Full Members themselves.
iii) Honorary Member shall have no right to elect or be elected to the Executive Committee and shall have no executive power or function.
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- Any person who is eligible may apply to the Society for admission to Membership. Such applications shall be made in writing, signed by the applicant, and shall be in such form as the Executive Committee shall from time to time prescribe. Each applicant shall submit such evidence of eligibility and fulfillment of the qualifying criteria as the Executive Committee considers to be reasonably necessary. Each application shall be considered by the Executive Committee or in such other manner as the Executive Committee may from time to time direct. The Executive Committee shall have power to refuse any application if, in its opinion, the applicant does not fulfill the qualifying criteria prescribed in accordance with these Articles. In no case shall the Executive Committee be required to give any explanation for the rejection of any applicant.
- The applicant shall be required to pay an entrance fee at time of application, such fee to be prescribed by the Executive Committee from time to time and such fee may be waived as resolved by the Executive Committee from time to time.
- Every Member shall pay an annual subscription to the funds of the Society, such subscription to be prescribed by the Executive Committee from time to time and such fee may be waived as resolved by the Executive Committee from time to time.
- The Society shall issue to every person who has been admitted to Membership, or who has been subsequently promoted to another category of Membership a certificate as to his Membership in such form, and signed by such officer of the Society, as the Executive Committee shall from time to time prescribe.
- The Society shall maintain a Register of Members whether in printed form or in electronic form (which does not restrict the accessibility for public inspection in a legible form of the information contained in the Register of Members) kept at a location in Hong Kong to be prescribed by the Executive Committee from time to time which shall be open for inspection by the public, provided that only the following particulars shall be open for public inspection:
(a) the name, address and the occupation or description of each Member;
(b) his category of Membership;
(c) the date on which the Member was admitted to Membership and the date on which his Membership ceased.
Every Member shall permit the Society to enter his personal particulars into the Register of Members and to make available such particulars for public inspection as stipulated in this Article notwithstanding any data privacy laws or conventions.
- Every person becoming a Member except Honorary Member and Student Member and so long as he remains a Member shall be deemed to have undertaken strictly to observe the standard of professional conduct and comply with any rules of professional ethics required by the Society.
- Members except Honorary Member and Student Member may annex to their names such distinctive letters and other descriptions as the Executive Committee may prescribe for the purpose of denoting their Membership of the Society.'
- The rights of a Member as such shall be personal and shall not be transferable and shall cease upon a Member's death, bankruptcy, liquidation (whether voluntary or otherwise), resignation, termination of Membership by notice from the Executive Committee or by order of the Board of Appeal.
- In the event of any Member:-
(a) failing to pay any dues of any kind to the Society
(b) in the opinion of the Society, being no longer in conformity or compliance with the requirements for Membership
(c) whose conduct whether concerning insurance professionalism or not, has in the opinion of the Society tarnished the image of the Society
such Member may be given notice by the Executive Committee terminating his Membership as from fourteen days from the date of such notice, and his Membership shall cease accordingly. Such notice shall be in writing and shall be signed by the Secretary or other officer designated by the Executive Committee. Provided always that such Member may in writing within fourteen days from the date of such notice require the Executive Committee to submit his appeal on continuance of his Membership to the decision of the Board of Appeal pursuant to Article 74.
- Any Member may resign from his Membership by giving notice in writing to the Society at its registered office.
- Any Member who has resigned or has been expelled (in accordance with Article 15) from the Society shall continue to be liable for any dues incurred during his Membership and remaining unpaid at the time of resignation or expulsion.
- Any Member who has resigned or has been expelled (in accordance with Article 15) from the Society may apply at any time for reinstatement and may be reinstated upon such terms and conditions as the Executive Committee may prescribe, but the Executive Committee may refuse to reinstate any Member without assigning any reason for any such refusal.
Click here to download the Application Form.
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