IIQE Paper 6 study plan

Map the Insurance Ordinance's structure: outline the IA's statutory functions, the licensing regime, and the supervisory approach in a one-page diagram

Define key terms from the Ordinance (regulated activity, insurance intermediary, licensed broker, licensed agency) and write precise definitions in your own words

Explain the IA's supervisory toolkit (e.g., guidelines, codes, enforcement) and list three ways it differs from a pure rule-based regulator

Draft 10 self-test questions on Domain 1 and answer them without notes, scoring at least 8/10

Differentiate the licensing requirements for insurance brokers, insurance agencies, and their responsible officers, producing a side-by-side comparison table

Apply the fit and proper criteria to three fictional applicant scenarios and justify each licensing decision

Outline the application and renewal process steps, including documentation and timelines, in a flowchart

List the grounds for refusal, suspension, or revocation of a licence and match each to a scenario

Summarize the conduct requirements for regulated activities (e.g., fair dealing, client suitability, disclosure) into a checklist

Analyse two case-style conflicts of interest and propose disclosure and management measures

Explain the remuneration rules and how they interact with conflicts of interest, producing a short explanatory note

Complete 15 practice questions on business conduct and review every incorrect answer with a written rationale

Walk through the financial needs analysis and risk profiling process, producing a step-by-step client advice template

Compare three product types on features, risks, and suitability, and write a client-facing comparison summary

Draft a record-keeping checklist that satisfies regulatory expectations for advice files

Role-play a sales conversation with a study partner, then self-assess against a suitability rubric

Explain the risk-based approach to AML/CFT and apply it to three client risk scenarios, assigning risk ratings

Outline customer due diligence (CDD) and enhanced due diligence (EDD) triggers and document the required steps for each

Describe ongoing monitoring requirements and design a simple monitoring alert log

Map the suspicious transaction reporting (STR) process, including timing, confidentiality, and internal escalation

Outline the investigation and disciplinary powers of the IA, listing the types of sanctions available and the appeal route

Explain the role and jurisdiction of the Insurance Complaints Bureau and distinguish it from the IA's disciplinary function

Analyse two enforcement case summaries (real or hypothetical) and identify the conduct breaches and sanctions

Draft a complaints-handling procedure that meets regulatory expectations

Define professional ethics principles (honesty, fair dealing, confidentiality, competence) and give a workplace example of each

Outline continuing professional development (CPD) requirements and create a personal CPD plan for the next 12 months

Revisit Domain 3 conduct rules and link each to an ethical principle, producing a cross-reference table

Complete 20 mixed practice questions across Domains 3 and 7, targeting at least 80% accuracy

Sit two full-length timed mock exams under exam conditions and record scores by domain

Review every incorrect mock answer and write a one-line correction note for each

Re-read your weakest two domains' summaries and re-test with 10 new questions per domain

Compile a one-page 'last look' sheet of key numbers, definitions, and process steps