What is the proposed change?
This change to Rule 6(1)(c) and 6(2)(b) would remove the reference to “direct” supervision when referring to the supervision requirements for general insurance salespersons (level 1 licensee).
What is the rationale?
In June this year, a previously approved change to Rule 6(1)(b) will come into effect, permanently removing the location restriction requiring general insurance salespersons to work on business premises.
Currently, Rule 6(1)(c) and 6(2)(b) use the term “direct supervision” when referencing how salespersons are to be supervised. The potential for “direct supervision” to be interpreted as a requirement for the supervisor and salesperson to be in the same location leaves room for confusion given the upcoming change to 6(1)(b) permitting salespersons to work offsite. Removing the term “direct” from the Rule is intended to address this issue, but does not constitute any reduction in supervision responsibility.