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, 2021. The deadline to complete your annual filing is June 1, 2021.
Filing is done through the Insurance Council's Online Portal and consists of:
Proceed to Annual Filing
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 August 3, 2021 will have their licence(s) automatically terminated.
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
All filing declarations and payments must be done via the online portal. The Insurance Council has discontinued the paper filing form. Furthermore, due to COVID-19 the Insurance Council's office is closed to the public and payment cannot be accepted in-person.
Sign into Council's online portal.
Complete a filing declaration and pay your annual filing fee with Visa, Mastercard, or Interac Online debit. (If your agency is submitting your fee, follow-up with your agency to confirm that the fee has been paid).
Detailed instructions for individual filings and bulk filings are available. More information and an FAQ for the Online Portal can be found here, and you can watch an overview video on the annual filing process below:
Each licensee is responsible for completing their filing declaration via the online portal, and can then select the option that they have an agreement with their agency/firm that the agency/firm will submit the filing fee on their behalf. Please confirm this with your agency/firm before selecting this option.
If you hold more than one licence with the Insurance Council, you are required to submit a filing declaration and an annual filing fee for both.
It is the nominee's responsibility to submit an annual filing and filing fee for the corporation. If the corporation is licensed for general and life insurance, two annual filings and two annual filing fees are required. The nominee is also required to submit an annual filing and filing fee for each of their own individual licence(s).
Where a licensee has not met the filing requirements by August 3, 2021, 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.
You must complete your continuing education credits by May 31, 2021. The declaration requires you to confirm that you have completed your continuing education or will complete by May 31, 2021, so you can submit your annual filing before you have completed your continuing education but you are responsible for ensuring that your credits are complete by May 31, 2021.
No. Continuing education must be completed by May 31, 2021.
Yes. An annual filing fee is required for all licences, regardless of active, inactive or suspended status.
No. Licences issued between March 1 and May 31, 2021 have a first filing date of June 1, 2022.
Agencies/firms will need to ask their licensees to sign into the online portal and submit their filing declaration through their individual portal account. When the agency/firm 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 for Renewal" via Visa, Mastercard, Interac Online debit, prepaid account or electronic fund transfer. Click here to access instructions on how an agency/firm can use the portal.
Prepaid accounts are a new option launched in 2021 for filing fees only. After the conclusion of the late filing period, the Insurance Council will return any unused funds in the prepaid account.
To set up a prepaid account:
Yes, your insurance licence remains valid until August 3, 2021. If we have not received your annual filing by the end of the day on August 3, 2021, your licence will be automatically terminated.