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Council Rules and Code of Conduct


The Insurance Council Rules establish licence conditions and requirements for all licensees in addition to the requirements set out in the provincial Financial Institutions Act and other legislation.

Additionally, Council Rule 7(8) requires all licensees to comply with the Insurance Council's Code of Conduct. The  Code of Conduct defines and communicates standards of conduct for use by licensees in their practice of the business of insurance.

All Insurance Council licensees are expected to abide by and stay up-to-date on the most current Council Rules and Code of Conduct, and be aware of their licensee responsibilities. 

View/download the Council Rules     View/download the Code of Conduct 

Latest Updates

Rule updates support implementation of the General Insurance Competency Framework

Updates to the Insurance Council Rules supporting implementation of the General Insurance Competency Framework (GICF) have received approval from the Minister of Finance. The amended Rules will enable the use of the General Insurance Competency Framework, define the range of fees for accrediting material submitted by education providers and update the Council Rules Course definition.  More information about framework implementation will be published in due course.

Consultation on this package of amendments was carried out in 2025 and 2026, and more information can be found in the engagement section of our website.

Initially published on September 14, 2026, the updated Rules come into effect October 15, 2026.

See the updated Council Rules, which take effect October 15, 2026.

 
Council Rules Review

Learn more about this ongoing intiative to modernize the Council Rules so that they continue to provide an effective framework for the oversight of BC insurance licensees.

Licensee Responsibilities

There are additional resources available on our website which expand on many of the principles and requirements which are detailed in the Insurance Council Rules and Council Code of Conduct. These include resources which are available on the Licensee Resources and Licensee Responsibilities pages of our website, such as compliance information including licensee and nominee responsibilities; Notices and Guidelines; continuing education requirements; disciplinary decisions and process; and other useful information for licensed individuals, agencies, and firms in BC.