LLQP Exam Prerequisites

 

What you need to know before registering to write the LLQP Exam

What are the LLQP Exam Prerequisites?

Do You Need to Take the Harmonized LLQP Course?

Suitability and Conflict of Interest Requirements 

 

What are the LLQP Exam Prerequisites?


Prior to writing the LLQP exam:
  You must write the LLQP exam within 12 months of successful completion of the Harmonized LLQP course.  Once your course completion expires you cannot write any exam module. You must successfully complete the course again.
 

Do You Need to Take the Harmonized LLQP Course?


The Harmonized LLQP course (Harmonized Life Licence Qualification Program course) is the first step to applying for a life insurance licence in British Columbia. The course is regulated nationally by the Canadian Insurance Services Regulatory Organizations (CISRO).

You must take the course with a Council approved Harmonized LLQP course provider. The course can be taken online or in-class, on a full time or part-time basis, depending on the provider.

Find a Council approved LLQP course provider

Suitability and Conflict of Interest Requirements


To qualify for licensure, applicants must meet requirements established by the Financial Institutions Act and the Insurance Council Rules.  This includes requirements related to a person's suitability to hold a licence, as well as business activities which might conflict with their role as an Insurance Council licensee. 

Before registering for an exam, individuals looking to become licenced to sell insurance in British Columbia should be aware of Council's Rule 3(2), which articulates those requirements. 

To issue an insurance licence, the Insurance Council must be satisfied that the applicant:
  1. has met all of the requirements set out in the Financial Institutions Act and Council Rules;

  2.  is trustworthy, competent and financially reliable;

  3.  intends to publicly carry on business as an insurance agent, salesperson or adjuster in good faith and in accordance with the usual practice of the business of insurance;

  4. has not in any jurisdiction:
    1. been refused, or had suspended or cancelled, an insurance licence or registration;
    2. been convicted of an offence; or
    3. been refused or had suspended or cancelled a licence or registration in any other financial services sector or professional field;
    for a reason that reveals the applicant unfit to be an insurance agent, salesperson or adjuster; and

  5. does not hold other business interests or activiities which would be in conflict to the duties and responsibilities of a licensee, or give rise to the reasonable possiblility of undue influence.
 
For more information about other business interests or activities, see Other Business Activity
For information about how Council reviews suitability, see Getting a Licence