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.
Annual filing for all licensees opens April 1, 2020. The deadline to complete your annual filing is June 1, 2020.
Filing is done through the Insurance Council's Online Portal and consists of:
All insurance licensees must submit an annual filing declaration and filing fee for each licence held, whether their licence status is active, inactive, or suspended. The filing deadlines and fees are the same for all licensees, regardless of the class of licence held. All licensees must submit a declaration, regardless of who pays the annual filing fee.
Nominees are reminded that an annual filing and filing fee is required for each corporate licence, in addition to their own individual licence.
*Licensees who have not submitted their filing(s) by July 31, 2020 will have their licence(s) automatically terminated.
If your agency is paying your filing fee, you are still responsible for submitting your declaration as part of your annual filing. It is the responsibility of the individual licensee to ensure that the filing fee is received by the Insurance Council, even if their agency is submitting the payment on their behalf
Due to COVID-19, the Insurance Council's office is closed to the public. We are not accepting filing submissions or payment in person, by mail, or by courier at this time.
Detailed instructions for individual filings and bulk filings are available. More information and an FAQ for the Online Portal can be found here.
Council understands that COVID-19 has had a significant impact on the way that insurance agencies and firms are conducting their day-to-day business and will continue to change the landscape of the insurance agency. As Council is a self-funded regulatory body, we are proceeding with the 2020 annual filing season as scheduled in order to be able to fulfill our regulatory mandate, but we will continue to monitor the situation and advise our licensees of updates as required.
As Council's office is closed, all annual filing payments must be submitted via the online portal. Council cannot accept payments in person or by mail this year.
Licensees can contact email@example.com with any questions relating to continuing education and errors and omissions insurance coverage during the annual filing period.
If you created a new portal account, your licence was not successfully linked to your portal account. You have two options:
As part of your annual filing, you will be asked to agree to the following statement:
By submitting this annual filing, I confirm that I understand:
As Council's office is closed due to COVID-19, payments can not be made in person and Council is not receiving any mail or couriers.
Where a licensee has not met the filing requirements by July 31, 2020, the licence will be automatically terminated for non-filing. If your licence is terminated for non-filing, you are not permitted to conduct insurance business in British Columbia until Council has approved your licence application.
For more information about reinstating an insurance licence, please review the Reactivation Provision.
If your licence was issued between March 1 and May 31, 2020, your first annual filing date is June 1, 2021; therefore, you do not need to submit an annual filing this year.
You can confirm that your annual filing has been received and payment has been processed, by checking the Licensee Directory. Search for your name in the Licence Directory and view the insurance licence details. Under Next Filing Date for your licence, it should display "June 1, 2021" if your filing is complete and the payment processed.
Licensees can also log into their online portal accounts and print an updated licence certificate from the main menu.
Agencies will need to ask their licensees to sign into the online portal and submit the filing declaration through their individidual portal account. When the agency logs into their online portal account, they can then submit payment for all of the licensees whose status shows in the list as "Pay Fees Due" via Visa, Mastercard, or electronic fund transfer. Click here to access instructions on how an agency can use the portal.