Suspended Licence
Licensees with a suspended license are prohibited from conducting insurance business or acting as an insurance agent, insurance adjuster, or salesperson.
These licensees are required to:
A licence can become suspended in the following ways:
- as a result of a Council Order decision.
- if a licensee does not maintain or is not covered by the required Errors and Omissions Insurance for more than 30 calendar days.
- if an individual life and/or A&S agent does not have a contract with at least one insurer authorized to do life and/or A&S insurance business in BC for more than 21 calendar days.
- if an insurance agency or adjusting firm no longer has a licensed nominee.
- if a life and/or A&S insurance agency does not have a written agreement to represent at least one insurer authorized to do life and/or insurance business in BC, except where approved by Council, for more than 21 calendar days.
- if a general insurance agency does not have a written agreement to represent and collect premiums on behalf of at least one insurer authorized to do general insurance business in BC, other than the Insurance Corporation of British Columbia, except where approved by Council, for more than 21 calendar days.
- if a licensee applies and is granted deferral under the CE deferral program.
Reinstating a Suspended Licence
If your licence is suspended, you cannot change it to inactive status. If you wish to return to active licence status, the following steps apply. Please note that certain steps may not apply to agencies or firms.
Licensees must make a written request to
licensing@insurancecouncilofbc.com to change their status to Active and provide documentation demonstrating that they have:
Download and complete the Add Authorization To Represent Form
New life agents are also required to complete a
Supervisor Undertaking Form if they have not previously completed their two-year supervision requirement.
Note: The suspended licensee is prohibited from engaging in any insurance activities until the Insurance Council approves their request to lift the suspension and their licence is active again.