Class of Memberships
There are four classes of ASHK 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. Fellow Members are also entitled to use the FASHK designation
Admission Requirements
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;
and
Obtain passing grade on Core paper AND one of the Elective papers of the ASHK Certificate (Certificate in Hong Kong Insurance Markets and Regulations).
Grandfathering
All existing ASHK Fellow members who hold valid membership status on 1 January 2019 are eligible for grandfathering. ASHK may introduce a Professional Development Course as part of the transitional arrangements. More details will be announced in due course.
Any ASHK Fellow member who was grandfathered but has subsequently lapsed their membership, regardless of any reasons, is required to take the examinations of the ASHK Certificate (Certificate in Hong Kong Insurance Markets and Regulations) to requalify as an ASHK Fellow thereafter.
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 an associate member of at least one of the actuarial bodies approved from time to time by the Council 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 Associate Member.
or
(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 a University Student Member
#The application form may be submitted without nominations and the ASHK office will assist with finding two members. A short conversation may be arranged between the applicant and the nominator(s).
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.
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