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.
Licensees have an obligation to provide notification to the Insurance Council of BC of certain changes or
decisions that are related to their insurance licence.
These may be related to personal or business related changes, or disciplinary or legal decisions. Notification to
the Insurance Council can occur by email or regular mail.
If a licensee is disciplined by any financial sector regulator or any professional or occupational body, they must provide the Insurance Council with:
Insurance Council staff will be in touch once they have had an opportunity to review the documents.
Written notification can be emailed to email@example.com.
In the event a judgment is rendered in relation to any insurance activities, fraud, or breach of trust, licensees must submit a copy of the judgment to Council.
Licensees that declare bankruptcy, must notify the Insurance Council and provide a copy of their bankruptcy documents.
Written notification and bankruptcy documents can be emailed to firstname.lastname@example.org.
Licensees charged or convicted of any criminal offence or any offence under any law of any jurisdiction (excluding traffic offences resulting in monetary fines only), must notify the Insurance Council within five business days from the date they are charged with an offence. Licensees should provide a copy of any documents given to them as well as a written summary of what occurred.
Council staff will be in touch once they have had an opportunity to review the documents.
Written notifications can be emailed to email@example.com.
When a licensee’s authorization to represent an insurance agency, adjusting firm, or general insurance direct writer is withdrawn, they are required to notify Council. If the reason for withdrawing the authorization relates to the individual’s suitability or conduct as a licensee, the employer must submit a summary of the reason for the withdrawal.
Both the licensee and the employer must submit written notification that the authorization has been withdrawn.
The licensee should:
Insurance Council staff will be in touch once they have had an opportunity to review the submissions.
Any change in name, including trade names must be submitted to the Insurance Council using a Change of Name Form and must include the supporting documents and corresponding fee.
View and download the Change of Name Form and Fee Schedule.
Written notification and name change documents can be emailed to firstname.lastname@example.org. Once reviewed, the Licensing team will reach out to licensees with instructions on how to submit the corresponding fee through our Online Portal. Alternatively, the name change documents and fee can be mailed or couriered to our office.
A licensee must notify the Insurance Council within 30 calendar days of any change in contact information.
Contact information can now be updated through our online portal. Licensees can log into their portal account using their user name and password.
To update your contact information online:
Corporate licensees should be aware that they have notification requirements for the opening or closing of branch offices, or in the event of a material change in the ownership of an insurance agency or adjusting firm.
Within 30 calendar days, nominees for the corporate licensee must provide notification to the Insurance Council as follows.
For the opening and closing of branch offices, provide in writing to email@example.com:
To update contact information online: