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.
Published August 17, 2021
Amendments to Council Rule 5, the rule governing fees for Insurance Council activities, were recently approved by the Minister of Finance. The updated rule includes modernizing and housekeeping changes to the structure that defines which activities the Insurance Council collects fees for and their amount.
The proposed rule change was submitted for ministerial approval earlier this summer, following a period of licensee and public feedback between March and May 2021. The updated Rule 5 will be effective starting September 20, 2021, but does not trigger any immediate changes to fees currently being charged as its purpose is to establish the parameters for fees. Any changes would be introduced over time in alignment with the Insurance Council’s operational budget.
Detailed information about the Rule 5 amendment and rationale is available in the Council Rules Review Initiative section of the website. In brief, the amendments: