Continuing Education
Life Insurance
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Life Insurance Continuing Education

1. Number Of Hours Required:

For each licence year, or portion thereof, commencing with licence year 01JUN2008 through 31MAY2009:

  • If you have an approved designation* you must have 5 technical hours of continuing education; OR
  • If you have been licensed as a life insurance agent for at least 5 of the last 7 years in a Canadian jurisdiction, and you do not have an approved designation you must have 10 technical hours of continuing education; OR
  • If you have not been licensed as a life insurance agent for at least 5 of the last 7 years in a Canadian jurisdiction and you do not have an approved designation you must have 15 technical hours of continuing education.

*Approved Designations: CFP, CLU, RHU, FCIA, FLMI and CEBS. Designations from other countries will be considered where it is demonstrated to Council they are equivalent to one of the approved Canadian designations.

NOTE: Some designations (CLU, FCIA and CFP) require the holder to keep the designation in good standing by completing continuing education each year. If you hold such a designation and can demonstrate to Council your designation is in good standing, you are “exempt” from Council’s continuing education requirements.

2. Content:

Only technical material will qualify for continuing education. Technical education directly relates to:

  • life insurance products;
  • financial planning, provided the education is geared to life insurance and not a non-insurance sector, such as securities or mutual funds;
  • compliance with insurance legislation and requirements such Council's Code of Conduct, Council Rules, the Insurance Act, privacy legislation, anti-terrorism/money laundering legislation;
  • ethics; or
  • errors and omissions.

3. Structure:

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 specific product lines or sales techniques would qualify.

4. Facilitator:

The facilitator is expected to be fully qualified. You can usually verify this through course or promotional materials.

5. Time:

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:

  • no course can be accredited for more than 15 hours;
  • there is a daily maximum of 7 hours; and
  • where a course involves an exam, you must successfully pass the exam.

6. Carry Forward

Commencing 01JUN2008, excess credits cannot be carried over into the next licence period (i.e., excess credits cannot be carried over into the 2009 to 2010 licence period, or beyond). You are, however, permitted to carry forward excess credits from your last licence period prior to 01JUN2008, into the 01JUN2008 to 31MAY2009 licence period as long as:

  • the credits meet the new technical definition of a credit; and
  • the maximum carried forward is 50% of what was required during the last licence period.

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