LOMA Training and Examination

Course Enrollment Fee Discount for Independent Students

"Independent Students" are those who do not affiliate with any insurance company or LOMA member. Our Academy offer course enrollment fee discount to independent students. Please contact us for details: enquiry@hkaps.com.hk How can I ascertain my Independent Student status? You can select "My Account" in the pull-down menu at the upper right hand corner after you login LOMA online learning system. Scroll down to the "Work Information" section and you will find that "Independent Students" is shown in the "Company Name" field.

FLMI Designation

Since 1932, FLMI designation is well recognised by global insurance companies and financial institutions as a measure of staff members' professional skills. Students must pass 10 subjects in either English or Chinese in order to earn FLMI designation.

Recognition and Privileges

Customers may prefer to deal with insurance practitioners who have earned professional qualification. Most Hong Kong insurance companies encourage staff members to put FLMI qualification on their business cards. (Please consult your insurance company for details)

A holder of FLMI Level 1 Certificate is equivalent to the completion of introductory courses (LOMA 281 and LOMA 291) of Associate, Life and Health Claims ALHC, awarded by International Claim Association¹

Since 1st September 2022, a holder of FLMI qualification:

• is exempted from passing Insurance Intermediaries Qualifying Examination (IIQE) Principles and Practice of Insurance Examination (Paper I), General Insurance (Paper II), Long Term Insurance (Paper III) and Travel Insurance Agents Examination²；
• is exempted from the minimum education requirements as imposed by the Insurance Authority (ie. pass in 5 HKCEE subjects, including one language subject and mathematics) or HKDSE (level 2 or above in 5 subjects, including one language subject and mathematics)³; and

if he/she has passed all subjects by taking proctored examinations (e.g. I*STAR computerized examination).

A holder of FLMI qualification:

• is recognized as Senior Associate CIP (Certified Insurance Professional) awarded by The Australian and New Zealand Institute of Insurance and Finance, (ANZIIF)⁴。
• enjoys certain credit exemption from The Chartered Insurance Institute (CII)⁵。

Remarks:
1 Please refer to course description of Associate, Life and Health Claims ALHC administered by International Claim Association
2 Please refer to Insurance Intermediaries Quality Assurance Scheme Fact Sheet issued by Hong Kong Insurance Authority
3 Please refer to List of Acceptable Insurance Qualifications published by Inusurance Authority. FLMI qualification is included in Part V Education/ Professional Qualification of Insurance Authority’s Application for Insurance Intermediary Licence (Form A1)
4 Please refer to noticepublished by ANZIIF
5 Please check credit exemption databaseof CII


(The above privileges may change from time to time. You are advised to further check with Insurance Authority and/or relevant awarding institutions)

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🏆 FLMI Level I Certificate: Two Level 1 Courses ▼ Subjects and Study Mode

If a student wants to earn FLMI Level 1 Certificate by online learning, he/she should enroll LOMA 280/LOMA 281 Meeting Customer Needs with Insurance and Annuities and LOMA290/LOMA 291 — Improving the Bottom Line: Insurance Company Operations courses.

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🏆 Associate, Life Management Institute (ALMI): Three Level 2 Courses ▼ Subjects and Study Mode

If a student has obtained the FLMI Level 1 Certificate, he/she may freely choose "Online Learning Mode" or "Traditional Self-Study and I*STAR Exam Mode" to earn Associate, Life Management Institute (ALMI) designation by completing the following three Level 2 courses.

If a student wants to earn ALMI designation, he/she should enroll LOMA301/LOMA 302 The Policy Lifecycle: Insurance Administration, LOMA307/LOMA 308 The Business of Insurance: Applying Financial Concepts and LOMA320/LOMA 321 Marketing in Financial Services courses.

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🏆 Fellow, Life Management Institute: Five Level 3 Courses ▼ Subjects and Study Mode

If a student has obtained the Associate, Life Management Institute (ALMI) designation, he/she may further earn Fellow, Life Management Institute (FLMI) designation by completing the following five Level 3 courses via e-book with self proctored exam.

• LOMA 311 Business Law for Financial Services Professionals
• LOMA 335 Operational Excellence in Financial Services
• LOMA 357 Institutional Investing: Principles and Practices
• LOMA 361 Accounting and Financial Reporting in Life Insurance Companies
• LOMA 371 Risk Management and Product Design for Insurance Companies

About self-proctored testing option

Learners who choose the self-proctored testing option will complete a short online exam at the end of each course module. The exams are available through the course portal.

Each end-of-module exam is timed — time limits are based on the number of questions. The total number of questions across all end-of-module exams is 60.

To pass the course, learners must successfully complete each end-of-module exam within two attempts and achieve a 70%+ score on each end-of-module exam. (NOTE: This is not an average of all module exams).

A student must pass examination within 6 months after course enrollment. Please be aware of the “Expiry Date” as shown in LOMA’s learning management system.

Due to the time difference between Hong Kong and the United States, students should not wait until and attempt examination in the last few days prior to the Expiry Date. For example, if LOMA’s learning management system shows the 24th of May 2019 as Expiry Date, it means that access to examination shall be barred at 00:00am on the 24th May 2019 (Eastern Standard Time (EST)).

Learners can access the e-book materials using a computer, tablet or smart phone. For the best learning experience, you will need to download an e-reader. We recommend the Kotobee e-reader. It’s free to download, and instructions for use are provided on the course portal. The e-book will also be accessible using iBooks.

A PDF version of the course materials will also be available for those who choose not to use an e-reader. All features of the course (such as review questions and interactive features) are available to learners using a PDF; they can access those features through the course portal.

Please refer to Kotobee reader technical reference

Create New Student Account

If you are a new student to LOMA courses, you are required to create a student account online at LOMA official webpage. There is no charge for creating a student account. Please contact us at enquiry@hkaps.com.hk to obtain a discounted fee.

Address: When you register a student account, please use "Room 1801, 280 Portland Street Commercial Building, Mongkok, Kowloon, Hong Kong" as address. LOMA will send your certificate to this collection centre after you earn applicable LOMA designation.

LOMA Designations: an Overview

• AIRC - Associate, Insurance Regulatory Compliance
• ACS — Life Insurance Track
• ASRI - Associate, Secure Retirement Institute
• FSRI - Fellow, Secure Retirement Institute
• Regulatory Compliance Essentials