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Class of Memberships


Class of Memberships

There are four classes of members in the ASHK, namely Fellow Members, Associate Members, Student Members and Honourary Members.


Fellow Members shall be entitled to vote at the General Meetings, to nominate candidates for election of Council Members, be elected as Council Members, and generally to exercise the full rights of a Member.

 

Admission Requirements

 

(i) Any person who is a fellow member of at least one of the actuarial bodies approved from time to time by the Council and who is nominated by two Fellow Members shall upon approval by the Council be eligible to become a Fellow Member.

 

(ii) Any person who, having been assessed by the Council as possessing appropriate professional actuarial qualifications and practical experience, shall be admitted as a Fellow Member. 

 

[Note: A fellow member must obtain passing grade on Core paper AND one of the Elective papers of the ASHK Examination, i.e., Life Insurance, General Insurance or Pension. (Effective from calendar year 2019, the passing of ASHK Examination has become a pre-requisite for Fellow Members).]

Associate Members shall be entitled to vote at the General Meetings, to nominate candidates for election of Council Members, to present papers approved by the Council and to join in discussions. They shall not be elected as Council Members.

 

Admission Requirements

 

(i) Any person who is a fellow member of at least one of the actuarial bodies approved from time to time by the Council and who is nominated by two Fellow Members shall upon approval by the Council be eligible to become a Fellow Member.

 

(ii) Any person who, having been assessed by the Council as possessing appropriate professional actuarial qualifications and practical experience, shall be admitted as an Associate Member.

Student Members consists of two sub-classes, namely Ordinary Student Members and University Student Members, and shall be entitled to be present at the General Meetings, to present papers approved by the Council and to join in discussions. They shall have no voting rights and shall not nominate, elect or be elected as Council Members.

 

Admission Requirements

 

Ordinary Student Members

Any person who demonstrates an interest in actuarial or other related work and who is nominated by two Members at least one of whom is a Fellow Member, shall upon approval by the Council be eligible to become an Ordinary Student Member.

 

University Student Members

Any person who:

 

(1) demonstrates an interest in actuarial or other related work;
(2) is registered in a university study programme in subjects related to actuarial work;
(3) is not engaged in any full-time job; and
(4) is nominated by two Members at least one of whom is a Fellow Member

 

shall upon approval by the Council be eligible to become aUniversity Student Member

Honorary Members shall be entitled to be present at the General Meetings, to present papers approved by the Council and to join in discussions. They shall have no voting rights and shall not nominate, elect or be elected as Council Members.

 

Admission Requirements

 

(i) Any person who is recommended by two Fellow Members shall upon the approval by the Council and at the General Meeting by a majority of Voting Members be eligible to become an Honorary Member.

 

(ii) The person shall at the time of recommendation in the opinion of the Council possess the following pre-requisites:


(1) A former Fellow Member or an Associate Member who has retired from active work; or
(2) A distinguished actuary; or
(3) A person who has contributed significantly to the actuarial profession of Hong Kong; or
(4) Such pre-requisites as deemed appropriate by the Council

 

An applicant for each class of membership shall be a fit and proper person to carry out the inherent requirements for entry to membership to the Society. In determining whether an applicant is fit and proper, the Council may have regard to such matters as it considers appropriate, including, without limitation:

 

(a) the education or other qualifications or experience of the person;

(b) the person’s ability to act competently, honestly and fairly;

(c) the reputation, character, reliability and integrity of the person;

(d) the person’s financial status or solvency; and

(e) whether any disciplinary action has been taken against the person by any other body, authority or regulatory organisation, whether in Hong Kong or elsewhere.