General Insurance Continuing Education
1. Number of Hours Required:
For each licence year, or portion thereof, commencing with licence year 01JUN2008 through 31MAY2009:
*Approved Designations: CAIB, CIB, CIP (formerly AIIC), CCIB, FCIP and CRM. Designations from other countries will be considered where it is demonstrated to Council they are equivalent to one of the approved Canadian designations.
For salespersons and agent level 2 licensees, only technical material will qualify for continuing education. Technical
education directly relates to:
For level 3 licensees, the above definition is broadened to include courses relating to management, accounting and human resources.
3. Council Rules Course:
All licensees who obtain their insurance licence in British Columbia on or after March 1, 2016 must successfully complete the Council Rules Course before their first annual filing. The Council Rules Course is available from the Insurance Brokers Association of British Columbia. This requirement applies to both resident and non-resident licensees. Failure to successfully complete the Council Rules Course will result in a licensee not being in compliance with Council's continuing education requirements and the licensee will not be eligible to make his or her first annual filing. For more details on this requirement read Council Notice ICN 16-001 at Publications, then select Notices. For Council Rules Course details or to register, go to: IBABC – Council Rules Course or call 604-606-8000.
The education must take place in a structure dedicated to learning. Day-to-day business or professional reading does not qualify. However, a separate training meeting for the purposes of reviewing the details of a specific product line may qualify, but regular staff meetings that cover a myriad of topics do not.
The facilitator is expected to be fully qualified. You can usually verify this through course or promotional materials.
One hour of instruction is equal to one hour of continuing education credit, subject to a one hour minimum. Breaks are excluded and you must attend the complete course or seminar. In addition:
7. Carry Forward
Commencing 01JUN2008, excess credits cannot be carried over into the next licence period.