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.
Annual licence renewal (formerly called annual filing) for all licensees opens April 1, 2022. The deadline to complete your annual licence renewal is June 1, 2022.
Annual licence renewal is done through the Insurance Council's online portal and consists of:
Proceed to Annual Licence Renewal
All insurance licensees must submit an annual licence renewal declaration and fee for each licence held, whether their licence status is active, inactive, or suspended. The renewal deadlines and fees are the same for all licensees, regardless of the class of licence held. All licensees must submit a declaration, regardless of who pays the annual licence renewal fee.
Nominees are reminded that an annual licence renewal declaration and fee is required for each corporate licence, in addition to their own individual licence.
Annual licence renewal fees include $25 government fee.
*Licensees who have not submitted their declaration and fees by August 2, 2022 will have their licence(s) automatically terminated.
It is the responsibility of the individual licensee to ensure that the annual licence renewal fee is received by the Insurance Council, even if their agency or firm is submitting the payment on their behalf
All annual licence renewal declarations and payments must be done via the online portal. The Insurance Council has discontinued paper form.
Sign into Insurance Council's online portal.
Complete the annual licence renewal declaration and pay your fee with Visa, Mastercard, or Interac Online debit. If your agency or firm is submitting your fee, you must submit your own declaration and then follow-up with them to confirm that the fee has been paid.
Detailed instructions for individual licence renewals and bulk payments are available. More information and FAQ for the Online Portal can be found here, and you can watch an overview video on the annual licence renewal process below.
Our online portal support team can assist with your online portal account access or navigating the renewal process on the portal. Please email firstname.lastname@example.org or call our main line at 604-688-0321 (or 1-877-688-0321) and press 6.
Our Practice and Quality Assurance team can assist with the practice questions or any questions related to the declaration statements. Please email email@example.com or call 604-695-2008 or call 1-877-688-0321 and press 3.
Each licensee is responsible for completing their annual licence renewal declaration via the online portal, and can then select the option that they have an agreement with their agency/firm that the agency/firm will submit the fee on their behalf. Please confirm this with your agency/firm before selecting this option.
If you hold more than one licence with the Insurance Council, you are required to submit a declaration and a renewal fee for each licence that you hold.
It is the nominee's responsibility to submit an annual licence renewal and fee for the corporation. If the corporation is licensed for general and life insurance, two annual licence renewal declarations and two fees are required. The nominee is also required to submit an annual licence renewal declaration and fee for each of their own individual licence(s).
Where a licensee has not met the annual licence renewal requirements by August 2, 2022, the licence will be automatically terminated for non-renewal. If your licence is terminated for non-renewal, you are not permitted to conduct insurance business in British Columbia until the Insurance Council has approved your licence application.
For more information about reinstating an insurance licence, please review the Reactivation Provision.
You must complete your continuing education credits by May 31, 2022. The declaration requires you to confirm that you have completed your continuing education or will complete by May 31, 2022, so you can submit your annual licence renewal before you have completed your continuing education but you are responsible for ensuring that your credits are complete by May 31, 2022.
No. Continuing education must be completed by May 31, 2022.
Yes. An annual licence renewal declaration and fee is required for all licences, regardless of active, inactive or suspended status.
No. Licences issued between March 1 and May 31, 2022 have a first annual licence renewal date of June 1, 2023.
Agencies/firms will need to ask their licensees to sign into the online portal and submit their annual licence renewal declarations through their individual portal account. When the agency/firm logs into their online portal account, they can then submit payment for all of the licensees whose status shows in the list as "Pay Fees Due for Renewal" via Visa, Mastercard, Interac Online debit, or prepaid account. Click here to access instructions on how an agency/firm can use the portal.
Agencies/firms can pay by EFT only with a prepaid account, which must be set up with the Insurance Council's accounting team in advance (see instructions below). As these accounts take time to set up and time must be allowed for the transfer and deposit of funds, the account must be set up by May 15, 2022 in order to ensure that the funds are available for the agency/firm's use in time for the June 1st deadline.
Agencies/firms are eligible to set-up a prepaid account if they are submitting payment for a minimum of 40 licence renewal fees.
Prepaid accounts is a new option offered in 2021 for annual licence renewal fees only. After the conclusion of the late licence renewal period, the Insurance Council will return any unused funds in the prepaid account.
To set up a prepaid account:
Yes, your insurance licence remains valid until August 2, 2022. If we have not received your annual licence renewal fee by the end of day on August 2, 2022, your licence will be automatically terminated for non-renewal.