All Alberta certificates of authority must be renewed no later than June 30. If you don’t renew your certificates on or before June 30 you will have to complete a new license application.
If I do not renew my Alberta License on-line by June 30th, is there a grace period or can I pay a late penalty/filing fee?
There is no “grace period.” Once your certificate has expired automatically on June 30, you are no longer authorized to act as an insurance agent/adjuster until a certificate has been issued. You will be required to submit a new on-line application that is approved by your recommending insurance company or Designated Representative (as applicable), and submit it with the appropriate fee payment.
I just received my first license earlier this year. Why do I have to pay again to renew my license with the Alberta Insurance Council?
The expiry dates of certificates is set out in Regulation. All certificates issued prior to May 1 expire automatically by the upcoming June 30 and must be renewed prior to that date. Certificates issued on or after May 1 will expire on June 30 of the following year. If your first license was issued on April 1, you will not be required to complete a CE requirement until you renew your certificate in the following year.
I am a non-resident agent/adjuster. Do I have to satisfy CE requirements in Alberta to renew my license?
If you currently hold a license in your resident jurisdiction for the same class of insurance license that you hold in Alberta and if you have satisfied the CE requirement in your resident jurisdiction for which you are not exempt, you will have satisfied Alberta’s CE. You will be required to report your non-resident license number on the CE status page to receive the CE exemption. A list of jurisdictions that have been determined to have a satisfactory CE requirement is posted on the AIC web site. If your jurisdiction is not listed, then you must satisfy Alberta’s CE requirement of completing 15 hours of approved courses CE per year.