What's New at Council

 
Looking for Notices/Practice Advisories? You'll find our latest Notices here, under Licensee Resources.



 

January 2020

New Year, New Resolutions: Have You Completed Your Continuing Education for Annual Filing?

Annual filing may be months away, but it’s not too early to complete your continuing education (CE) credits. All licensees regardless of status are required to complete the CE requirements for their class of licence annually by May 31 as part of their annual filing.

If you are not sure how many CE credits you are required to complete, or what qualifies as technical content, see the Licensee Resources section of our website for more information.
 

In case you missed it: 

Donations of Life Insurance Policies
In December, the Insurance Council issued an advisory notice regarding the donation of life insurance policies. Life agents should be aware of the considerations surrounding these activities in order to comply with regulatory requirements. Notice ICN 19-005 Donations of Life Insurance Policies provides guidance on this topic. You can view Notice ICN 19-005 here.

New Options for LLQP Exam
Starting in February, the Insurance Council is introducing an option for Harmonized Life Licence Qualification Program (LLQP) examinees to schedule and write individual exam modules for a fee of $50 per module. Examinees will still have the option of writing up to four exam modules in one day for a fee of $125. For more information, please see the Exam Fee Schedule, or contact examinations@insurancecouncilofbc.com.
 

Guidelines for Supervision of New Life and/or A&S Agents Effective January 1, 2020 

Licensees are reminded that the updated guidance on supervision requirements for new life and/or accident & sickness agents takes effect January 1, 2020, and applies to both resident and non-resident licensees.  Notice ICN 19-004 Guidelines for Supervision of New Life and/or Accident & Sickness Agents, refers to the guidance provided in the Guidelines for Supervision of New Life and/or Accident & Sickness Agents.

All life and/or accident & sickness licensees are expected to be aware of and familiarize themselves with this updated guidance. Find out more about ICN 19-004 Guidelines for Supervision of New Life and/or Accident & Sickness Agents.

 
 

2020

New Year, New Resolutions: Have You Completed Your Continuing Education for Annual Filing?

Annual filing may be months away, but it’s not too early to complete your continuing education (CE) credits. All licensees regardless of status are required to complete the CE requirements for their class of licence annually by May 31 as part of their annual filing.

If you are not sure how many CE credits you are required to complete, or what qualifies as technical content, see the Licensee Resources section of our website for more information.
 

In case you missed it: 

Donations of Life Insurance Policies
In December, the Insurance Council issued an advisory notice regarding the donation of life insurance policies. Life agents should be aware of the considerations surrounding these activities in order to comply with regulatory requirements. Notice ICN 19-005 Donations of Life Insurance Policies provides guidance on this topic. You can view Notice ICN 19-005 here.

New Options for LLQP Exam
Starting in February, the Insurance Council is introducing an option for Harmonized Life Licence Qualification Program (LLQP) examinees to schedule and write individual exam modules for a fee of $50 per module. Examinees will still have the option of writing up to four exam modules in one day for a fee of $125. For more information, please contact examinations@insurancecouncilofbc.com.

See News Archive

2019
2018