There are a number of conditions a business must meet to become licensed as an A&S insurance agent:

Nominees
1. Each agency must have a designated agent nominee. This individual takes on the rights and privileges of the agency licence and is responsible and accountable to Council for all insurance activities undertaken by the agency and its employees. A nominee must be an officer, director or partner of the agency or a senior manager in the province.



2. Where the insurance agency will have authorized representatives other than the nominee, the nominee must have worked as a licensed A&S insurance agent for 5 of the last 7 years.


Agency Name and Registration with the B.C. Corporate Registry(“Registry”)
3. The Act requires that any insurance applicant or licensee have a name that is neither misleading nor likely to cause confusion for the public. Section 31 of the Act also requires that anytime the word “insurance” or “assurance” or “mortgage” is used, the name cannot be used in a manner that would cause a member of the public to believe the entity is an insurance company.



4. Council requires all agencies to be registered with the Registry. Contact information for the Registry may be found under HANDY LINKS AND CONTACTS.



5. Trade Names: A corporation intending to carry on business under a name different than its legal corporate name must register the desired trade name with the Registry and apply to have that name approved by Council.

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