while waiting for other PROs to clear your doubt, i can answer part of your question, as I'm just newly pass my insurance exam this monday and havent signed to any insurance company yet

1) What is the procedure to become an Insurance Agent?
Register at MII Malaysia Insurance Institute register for the exam at RM80.
2) How many companies an Insurance Agent sign with?
life insurance - 1, general insurance - 2
3) What is the commission rate?
not sure
4) What is General Insurance and Life Insurance? Can I sit for both or either one only?
of course. GI study part A&B, LI study part A&C
5) Which insurance company is best for it's policies and claiming?
not sure

1) Im currently in Ipoh. Am i able to sit for the exam here or do i need to go to KL for the exam?
2) Do i need to sit for any courses or just directly go for the exam after self study?
3) Which insurance company are in your list now? Which one do you think is best?

1) hey, i'm from ipoh too!
my friend told me better take the exam in KL, because in KL, everyday also got several intake for exam. ipoh also got, but maybe once per month and you have to register at least one month earlier.
2) no need. just purchase the book and self study. my friend lend me the book, i heard that the book cost around RM30.
3) i think i'm gonna join my friend's insurance company. all the way she help me a lot, help me register exam in MII KL, provide study material and fetch me to exam

well, she's my senior since secondary school ma...
my friend's dad has a quite well known insurance agency in Ipoh, which will provide training to the newbie like me, to study the products, guide how to explain to customer.. etc.. hehe... wait her to explain in details to me

This post has been edited by vandoren: Jul 3 2010, 11:55 PM

i only taken exam for Life Insurance (part A & C)
i think you better ask an insurance agent friend to guide you, or you can straight go to MII to settle everything by yourself
all the best!