What is the proposed change? 

This change repealing Rules 2(5)(a) and 2(8)(a) would remove the requirement for a level 3 licensee to be in an ownership or management position. 
 

What is the rationale?

In addition to education and experience, level 3 adjuster and general insurance licences have a requirement that the individual have an ownership or management role to qualify.
 
Under the current rule, a licensee changing their job or representing multiple agencies would need to hold licences at different levels (levels 2 and 3) based on their role at those agencies if they have a corporate leadership or management role at one agency but not another.
 
By repealing Rule 2(5) and 2(8), licence qualification for a level 3 adjuster or general insurance licence would be based entirely on education and experience, and not tied to an individual’s status as an officer, partner, director or senior manager. This emphasizes that the defining difference between level 2 and 3 licensure is experience and education, rather than a management role. A licensee who has completed the additional education and number of years of experience to hold a level 3 licence would be able to do so regardless of their role at an agency or firm.
 
These changes would make it simpler for qualified level 3 licensees to hold a licence and reduce confusion about requirements for different licence levels.