LLQP (Life Licence Qualification Program) exam prerequisites, course information, and other life insurance licence qualifications and requirements for individuals, partnerships, or corporations in BC.
Council makes every effort to keep the LLQP information regularly updated. Please check back often.
Council is here to help. Your insurance licensee resources include compliance information such as licensee responsibilities; council rules; continuing education; disciplinary decisions and process; and other useful information for licensed individuals, partnerships, or corporations in BC.
Council makes every effort to keep insurance licensee resources regularly updated. Please check back often.
The potential for conflict of interest is considered as a part of the application process for insurance licensing as well as ongoing licensed practice.
Most other employment or business activities have no impact on a licensee’s insurance activities, and in most cases, concerns can be addressed by imposing conditions or restrictions on an insurance licence. However, there are a number of business activities where the potential for a conflict of interest is so significant that the Insurance Council is not prepared to issue a licence.
If you still want the Insurance Council to review your business activity, complete the Request for Review of Other Business Activities form and submit it together with your completed licence application.
For information about licensees’ professional responsibilities regarding conflict of interest, see:
After your application is approved, licensees should periodically review the List of Other Employment and Business Activities Considered by Council to keep up-to-date with Council decisions.
Even if your business activities are not on the list above, use discretion to ensure they do not have the potential to create a conflict of interest.
If you start or are engaging in business activity similar to one on the List of Other Employment and Business Activities Considered by Council:
Immediately notify the Insurance Council using the Request for Review of Other Business Activities form. We will review the information and determine what follow-up action is appropriate.
Immediately modify your insurance activities in accordance with the licence conditions outlined in the List of Other Employment and Business Activities:
If a complaint arises that is related to the business activity, directly or indirectly, licensees who do not modify their insurance activities could have their suitability reviewed.
If you start a business activity after you get your licence and it is not a business activity similar to one on the list above where the Insurance Council has declined to issue a licence, you do not have to notify the Insurance Council.
Licensees are always welcome to submit a Request for Review of Other Business Activities form.