ILScorp Blog

The latest and greatest info from ILScorp!

Happy Holiday Hours

Happy Holidays! Wishing you every happiness this holiday season and throughout the coming year. The entire team at ILScorp is truly grateful to you for choosing us as your educational provider. We highly value our customers and it has been a sincere pleasure serving...

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New Course for RIBO Ethics CE Requirement

The new license year of Oct 01, 2018 to September 30, 2019, brings new continuing education requirements for general insurance licensed individuals in Ontario. The total number of required CE hours has not changed however a new category, Ethics, has been introduced and licensees must complete a minimum of 1 hour in this category per term.
ILScorp has developed a course that is RIBO approved for 1 CE in the new Ethics Category: Making the Right Ethical Decisions. This course is now available to all ILScorp General CE Subscribers!

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Canada’s New Privacy Rules

On November 1, 2018, new provisions in the Personal Information Protection and Electronic Documents Act (PIPEDA) related to breach of security safeguards came into force, along with breach of security safeguards regulations.

A privacy breach is the loss of, unauthorized access to, or disclosure of, personal information. Breaches can happen when personal information is stolen, lost or mistakenly shared.

Businesses subject to PIPEDA have certain obligations following a breach. These may include reporting to the Office of the Privacy Commissioner of Canada, notifying affected individuals and keeping certain records of privacy breaches.

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Continuing Education Requirements for a Life and/or Accident and Sickness Licensee in Saskatchewan

Continuing Education Requirements for a Life and/or Accident and Sickness Licensee in Saskatchewan. Licensees are required to earn a minimum of fifteen credit hours of continuing education in each annual reporting period. Only credit hours earned in a reporting period are eligible unless written consent is provided by Saskatchewan Insurance Council. Failure to comply with the continuing education requirements shall result in a suspension of licence until the licensee has earned the required continuing education credit hours. Definition of Continuing Education. Only courses that provide technical education are considered to qualify as continuing education including courses that directly relate to: Life or accident and sickness insurance products;

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ILScorp Offices Are Closed for Remembrance Day

The ILScorp offices will be closed Monday, November 12th in recognition of Remembrance Day.

Remembrance Day marks the anniversary of the official end of the World War I hostilities on November 11, 1918.

Take the time to remember and honour those who have, and who continue to, make sacrifices for our country.

We’ll be back Tuesday morning, ready to take your calls, answer your questions and register you for online insurance programs.

You can also register for our insurance training programs online, anytime, at ILScorp.com

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Important message about potential Canada Post work stoppage

At ILScorp we are committed to providing you with the best customer experience – and that begins with keeping you informed.
Canada Post postal workers across the country continue to carry out rotating strikes.
These labour disruptions may impact payments sent to ILScorp via mail.
Below is some important information that will help you stay informed of your group member charges and avoid late payment fees:
You can pay your ILS Group Member invoice, and all other invoices via credit card, by calling the ILScorp offices @ 1.800.404.2211 and speaking directly with one of our friendly customer service representatives.
You can also pay your ILS Group Member invoice, and all other invoices via cheque sent through ICS Courier or an alternate courier of your choice.

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Difference between Insurance Agents and Brokers

The Role of Insurance Agents and Brokers in the Distribution of Insurance Products.
Insurance agents are intermediaries between the applicant for insurance and the insurance company. They are not a party to the insurance contract. An insurance agent represents the insurance company in dealings with a third party. Example: The XYZ Insurance Company has entered into an Agency Agreement with Justin Case Agencies. All salespeople who work at Justin Case Agencies are considered to be

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Be Thankful You Work In Insurance

At the end of the day, the insurance industry provides people with opportunity. The opportunity to learn, grow and help others achieve their dreams. And, being in the business of helping people, is a great business to be in. Wishing you a Happy Thanksgiving from ILScorp!

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