February 2025
2025 Annual licence renewal requirements webinar
The Insurance Council is hosting a set of webinars to help support licensees in understanding their annual licence renewal requirements before the renewal period opens on April 1, 2025, and closes on June 1, 2025. These sessions do not introduce new requirements but provide an opportunity for licensees to review their ongoing requirements, including continuing education (CE) completion and maintaining errors and omissions (E&O) insurance—both of which must be met before renewing a licence.
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Notification of updated fee schedule for 2025
The Insurance Council of BC is an independent body tasked by government with the regulation of British Columbia’s insurance intermediaries. This work is funded through fees collected from industry. The Insurance Council publishes its fee schedule in February on a yearly basis, following approval of the annual budget by the voting members of Council.
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Welcoming feedback from General Insurance Licensees about the General Insurance Competency Framework indicators
We are inviting all general insurance licence holders to provide input regarding the General Insurance Competency Framework indicators. In May 2024 General Insurance Licensees were invited to review the competencies outlined in the General Insurance Competency Framework (the framework) and provide their input.
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Canadian insurance regulators consult on consolidated segregated funds guidance
Canada’s insurance regulators have released proposed guidance on consolidated segregated funds for 90-day public consultation, ending in April. The guidance is intended to create a consistent national standard for insurers and intermediaries, for implementation in each jurisdiction.
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