Q&A
Aren’t there already continuing education requirements? What’s the purpose of the guidelines?
Through our audit program, we determined that some licensees did not have a full understanding or awareness of continuing education requirements for their licence. By publishing guidelines, we are looking to help licensees access clear guidance and understand their responsibilities about CE.
Continuing Education requirements have previously been established through various notices on this topic (ICN-08-004, ICN-08-005, and ICN-05-001). This was supplemented with information provided through website Q&As. However, to date, there has not been a comprehensive guidance document provided for licensees, which this guideline is intended to be.
When will the new guidelines come into effect?
This is yet to be determined, as the Insurance Council members have yet to make a decision regarding next steps. However, pending approval, implementation of the guideline is targeted for June 1, 2021.
If the new guidelines are adopted, how will this impact the extension for 2020 CE requirements due to COVID-19?
If the new guidelines were to be approved by Council, they would not impact the extended deadline to complete your CE requirements for 2020. The requirements of the new guidelines will not be applied retroactively to your 2020 CE requirements.
What qualifies as CE under the new guidelines?
Course content required to qualify for CE credits is unchanged. Acceptable continuing education is technical material directly related to:
- Insurance products;
- Compliance with insurance legislation and licensee requirements such as Council Rules, Council’s Code of Conduct, the Insurance Act, and privacy legislation;
- Ethics;
- Errors and omissions;
- Financial planning (life and accident and sickness insurance agents only), provided the education is focused on life and accident and sickness insurance and not a non-insurance sector; or
- Management, accounting and human resources (for nominees and level 3 general insurance agents only).
I'm a non-resident licensee. Do I have to do CE in BC?
Non-resident licensees whose home jurisdiction has a mandatory continuing education requirement will not be required to meet Council’s requirements provided they complete their continuing education in accordance with their home province’s requirements and keep their licence in good standing in their home jurisdiction. If your home jurisdiction does not have a continuing education program, you are required to meet Council’s continuing education program requirements.
Will I have to report my CE every year?
Reporting requirements are unchanged. During annual filing you are required to confirm that you understand the continuing education requirements for your licence. You are also required to keep a detailed record of your completed CE for five years. You do not need to provide your CE records annually, but must be able to produce them should you be audited.