Exemptions/Waivers
I obtained my licence between March 1 and May 31, 2021. Am I required to complete CE for the 2021 licence period?
No, if your licence is issued between March 1 and May 31, 2021, you are not required to complete CE credits for any of the three remaining months of the 2021 licence period. Beginning June 1, 2021, you will be required to complete CE specific to your licence class.
I obtained my licence between March 1 and May 31, 2021. How many credits am I required to complete for my first annual licence renewal by May 31, 2022?
The first annual licence renewal for new licensees who obtain an insurance licence between March 1 and May 31, 2021 is May 31, 2022. If you are a life and/or accident and sickness insurance agent, you are required to complete 15 credits between June 1, 2021 and May 31, 2022. If you are a general insurance agent, salesperson, or adjusters, you are required to complete 8 credits between June 1, 2021 and May 31, 2022.
I have a professional designation and previously qualified for credit reduction. Is there a reduction in the number of CE credits I am required to complete under the new CE guidelines?
No. Starting June 1, 2021, all licensees are required to complete the same number of credits for their class of licence; there are no CE credit reductions in the new guidelines. This means that all general salespersons, agents, or adjusters are required to complete 8 credits annually and all life and/or accident and sickness insurance agents are required to complete 15 credits annually.
I previously qualified for a credit reduction based on the number of years I’ve been licensed with the Insurance Council. Is there a reduction in the number of CE Credits I’m required to complete under the new CE guidelines?
No. Starting June 1, 2021, all licensees are required to complete the same number of credits for their class of licence; there are no CE credit reductions in the new guidelines. This means that all general salespersons, agents, and adjusters are required to complete 8 credits annually per licence period (June 1-May 31) and all life and/or accident and sickness insurance agents are required to complete 15 credits annually per licence period.
Why are there no longer any credit reductions for licensees who hold certain designations or five or more years of licensed experience?
There were a number of important regulatory factors the Insurance Council considered in eliminating the CE credit reductions. Firstly, eliminating the CE reduction would create harmonization with other provincial jurisdictions, relevant to those registered in multiple jurisdictions. Secondly, because licensees can hold a licence without being active in the industry, a CE credit reduction based on number of years licensed would not adequately support public protection. Furthermore, where professional designations are concerned, since professional associations have varied CE requirements for their designations—and in some cases do not have any—broadly applying a reduction in CE credit requirements is problematic and does not establish a consistent amount of insurance-specific learning for all licensees.