An individual whose licence status is cancelled
is not authorized to conduct insurance business or act as an insurance agent. They no longer hold an insurance licence in BC and cannot act as an insurance agent.
A licence can be cancelled in one of two ways:
- The licensee submits a fully completed Cancellation of Licence Form by email to the Insurance Council's Licensing Department at email@example.com to cancel their licence.
- The licensee does not complete their annual licence renewal.
Reinstating a Cancelled Licence
Former licensees wishing to reinstate a cancelled
licence may reapply for licensure.
If a former licensee reapplies within two years of holding an insurance licence in BC, they may be exempt from re-taking qualifying education if they meet the requirements of the Reinstatement Provision