The Insurance Agents Registration Board (IARB) is responsible for the administration of more than 46,000 registered insurance agents in Hong Kong.

The IARB is open-minded in so far as the proposal is concerned, provided that the following could be maintained and attained.

• The IARB maintains its independence in the administration of insurance agents;

• The cost of agents registration be kept at a cost-effective level as it is now, which is $120 per year for each registered agent;

• The jurisdiction of the IARB be made statutory; and

• The administration of insurance intermediaries, agents and brokers alike, be made uniform.