February 2023
New Rule on conflict of interest in strata insurance business
The introduction of a new Insurance Council Rule, 7(11.2) prohibits conflicts of interest in strata insurance business. This rule will come into effect July 1, 2023, and all licensees are expected to be in compliance by this date.
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Upcoming webinars: How to complete annual licence renewal
The Insurance Council will be hosting a set of webinars on how to complete annual licence renewal in March.
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Webinar: CE requirements
Information sessions will be held in March to help licensees understand their CE requirements, guidelines and CE resources.
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Annual licence renewal opens March 31
Annual licence renewal for all Insurance Council licensees will open on March 31, 2023.
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Updated Life Insurance Replacement Declaration form proposed
Canadian insurance regulators are proposing a revised Life Insurance Replacement Declaration (LIRD) form and are inviting feedback by March 31, 2023.
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May 31 deadline reminder for CE requirements and new update to licence renewal
The annual deadline for licensees to complete their CE requirements is May 31, 2023 for the licensing period of June 1, 2022 – May 31, 2023.
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