Understanding Hail Damage – New Course

With annual losses due to hail damage amounting to over $1 billion and climate change contributing to the frequency and intensity of such events, it is time to pay attention to this problem. Insurance professionals should possess a basic understanding of how hail forms, the factors that influence the size and speed of hailstones, as well as the regions and seasons in which homeowners are most likely to experience hail damage.  They should also be knowledgeable about the factors of construction design and materials that may prevent or mitigate damage due to hail.

 

Purpose

By the end of this course, participants will have a clear understanding why hail damage is of great concern to the insurance industry.  The goal is for insurance professionals to be able to apply this knowledge in their respective roles to provide advice or recommendations to clients, stakeholders, and colleagues. 

 

Course Content

This course covers the following topics:

The Institute for Catastrophic Loss Reduction

Understanding Hail Damage

How Hail is Formed

Regions and Seasons of Hailstorms

Recommendations for Damage Mitigation and Prevention

Research and Standards of Roofing Materials

Websites to Investigate

Protecting Homes and Vehicles

Quiz

 

This course is now available to all ILScorp General or Adjuster CE Subscribers.

Included as part of the ILScorp General CE Subscription.
Included as part of the ILScorp Adjuster CE Subscription.

Credit Hours: 1

Credit Type: General/Adjuster – Technical and RIBO – Technical

Credit #: AIC#64636; MB41993

Accrediting Provinces:

 

 

 

Course Learning Objectives

Successful participants in this course will:

  • Be aware of the mission and mandate of the Institute for Catastrophic Loss Reduction
  • Be knowledgeable about the mounting problem of hail-related damage in Canada
  • Be familiar with statistics relating to hail damage
  • Know about Canada’s first National Adaption Strategy
  • Be able to discuss the costs to insurers resulting from hail damage
  • Be knowledgeable about the geographic regions most affected by hail damage
  • Understand the process and the contributing factors to hail formation
  • Be aware of the factors responsible for a better understanding of decreasing the potential damage caused by hail
  • Be able to point out factors of design and available materials which decrease impact of hail damage on roofing, windows, and siding
  • Know the purpose and usefulness of Canadian Asphalt Shingle Manufacturers’ Association (CASMA) 
  • Recognize the importance of talking with homeowners to provide them with an  understanding of  what types of damage are covered under their policy.

 

 

 

MFDA CE Courses Now Available

ILScorp now has MFDA approved courses for your 2023 requirements.

MFDA reference period is from December 1, 2021 to November 30, 2023.

Below is the list of MFDA approved courses, as well as the CE requirements for members.

These courses are part of the FP Subscription, the Life/A&S Subscription and the CSF Subscription.

LIST OF MFDA APPROVED COURSES
COURSE TITLE MFDA Professional
Development
MFDA Business Conduct Ethics MFDA Business
Conduct Other
MFDA#
The Ethical Agent Part 1 2 1000000451
The Ethical Agent Part 2 2 1000000452
Ethics in the Insurance Industry -Part 1 3 1000001532
Ethics in the Insurance Industry -Part 2 3 1000001534
Ethics in the Insurance Industry -Part 3 4 1000001535
Life Agent Development – The Foundation – Part 1 3 1000001575
Life Agent Development – The Foundation – Part 2 3 1000001577
Life Agent Development Course Retirement Planning 3 1000001578
Al and the Individual Pension Plan 4 1000001579
How Group Insurance Plans Work 2 1000001581
Group RPPs and Disability Income Insurance 3 1000001582
Protecting Life Insurance Benefits from Creditors and Settlement Options for Beneficiaries 3 1000001583

Important Message About the MFDA Courses

If you completed any of the above courses on or after February 22, 2022, your CE certificate will be updated to show the MFDA CE Credits and MFDA#. If you completed the above courses before February 2022, the accreditation was not approved at that time and the course must be successfully completed again to show the MFDA accreditation and MFD# on your certificate. Members are responsible for reporting their MFDA CE in CERTS.

MFDA CE REQUIREMENTS

Dealing Representative
8 Business Conduct Credits – A minimum of 1 and maximum of 2 of these Business Conduct Credits must relate to Ethics
20 Professional Development Credits
2 MFDA Compliance Credits *
Chief Compliance Officer, Ultimate Designated Person and Branch Manager
8 Business Conduct Credits
2 MFDA Compliance Credits *
* The 2 MFDA Compliance Credits must be obtained by completing continuing education activities specifically designated by the MFDA Corporation.

Ȧ l’aide!  Mes cours ont disparu!

Ȧ l’aide!  Mes cours ont disparu!

Où sont passé mes cours ?

ENGLISH

Si vos cours n’apparaissent plus dans la liste déroulante des cours dans le menu de votre compte ilscorp, il se peut que la validité de vos cours ait expiré.

Les cours de l’ilscorp sont disponibles durant un certain temps à compter de la date d’achat.  Les abonnements aux cours de FC et les cours individuels sont disponibles pendant 6 mois à compter de la date d’achat.  Les cours de Courtier d’assurance accrédité canadien sont accessibles durant 4 mois, une licence de niveau 1 durant 3 mois, le tout étant accessible indéfiniment.  Si vous vous connectez à votre profil de l’ilscorp et que vous ne voyez aucun cours répertorié sous l’onglet « Mes cours », vous pouvez renouveler votre abonnement aux cours, ou, le cas échéant, l’acheter, à partir du Catalogue des cours de l’ilscorp, ou en choisissant votre Catégorie d’abonnement ici.  Une fois votre achat conclu, vous pourrez accéder immédiatement à vos cours.

Comment puis-je m’inscrire en ligne à d’autres cours d’assurance ?

Afin de renouveler votre abonnement ou de vous inscrire à un cours de licence :

  1. Allez sur www.ilscorp.com
  2. Ne vous connectez pas ; trouvez le cours que vous souhaitez suivre sur la page d’accueil et cliquez sur « Acheter maintenant »
  3. Si vous êtes un utilisateur récurrent, saisissez votre nom d’identifiant ou votre mot de passe actuel, puis cliquez sur « Se connecter » (ne créez pas de nouveau compte)
  4. Si vous êtes un nouvel utilisateur, créez un nouveau compte et saisissez tous les renseignements pertinents, puis cliquez sur « Soumettre les informations »
  5. Saisissez les informations de votre carte de crédit telles qu’elles apparaissent sur votre relevé de facturation

Une fois que je suis inscrit(e), comment puis-je accéder à mes cours d’assurance en ligne ?

Afin d’accéder à vos cours :

  1. Connectez-vous sur www.ilscorp.com avec votre nom d’identifiant et votre mot de passe
  2. Sur l’onglet supérieur, cliquez sur « Mes cours »

Sélectionnez une catégorie de cours ; cliquez sur un titre de cours dans cette catégorie pour commencer à suivre les cours

Cours de FC (Formation continue) de l’ACFM actuellement disponibles

Pour vos besoins en 2023, ilscorp offre maintenant des cours approuvés de l’ACFM.

La période de référence de l’ACFM est du 1er décembre 2021 au 30 novembre 2023.

Vous trouverez ci-dessous une liste des cours approuvés par l’ACFM, ainsi que les critères de FC pour les membres.

Ces cours font partie des abonnements à la PF (Planification financière), à l’Assurance vie, maladie et accident, et à la CSF (Chambre de la sécurité financière).

LISTE DES COURS APPROUVÉS PAR L’ACFM

TITRE DU COURS

Perfectionnement professionnel de l’ACFM

Conduite des affaires de l’ACFM – Éthique

Conduite des affaires de l’ACFM – Autre

No. de l’ACFM

The Ethical Agent Part 1 2 1000000451
The Ethical Agent Part 2 2 1000000452

L’éthique dans l’industrie des assurances – Première partie

3 1000001532

L’éthique dans l’industrie des assurances – Deuxième partie

3 1000001534
L’éthique dans l’industrie des assurances – Troisième partie 4 1000001535
Life Agent Development – The Foundation – Part 1 3 1000001575
Life Agent Development – The Foundation – Part 2 3 1000001577
Life Agent Development Course Retirement Planning 3 1000001578

Al et le régime individuel de retraite

4 1000001579

Régimes collectifs – Introduction et avantages de l’assurance collective

2 1000001581
Assurance-accident et assurance-maladie collectives et Régimes de pension agréés 3 1000001582
Protecting Life Insurance Benefits from Creditors and Settlement Options for Beneficiaries 3 1000001583

Message important à propos des cours de l’ACFM

Si vous avez terminé l’un des cours répertoriés ci-dessus à compter du 22 février 2022, votre certificat de FC sera mis à jour pour qu’il indique les crédits de FC de l’ACFM et le No. de l’ACFM.  Si vous avez terminé les cours répertoriés ci-dessus avant février 2022, l’accréditation n’aura pas été approuvée à ce moment-là et le cours devra être de nouveau complété avec succès pour que soit prise en compte sur votre certificat l’accréditation de l’ACFM et le No. de l’ACFM.  Les membres ont la responsabilité de déclarer dans le SSRFC (Système de suivi et de rapport de la FC) leur FC de l’ACFM.

CRITÈRES DE FC DE L’ACFM

Représentant de courtier

8 crédits de formation en conduite des affaires.  Au moins 1, et au plus 2 de ces crédits de formation en conduite des affaires doivent porter sur la déontologie.

20 crédits de perfectionnement professionnel

2 crédits de formation en conformité avec les exigences de l’ACFM*

Chef de la conformité, Personne désignée responsable, Directeur de succursale

8 crédits de formation en conduite des affaires

2 crédits de formation en conformité avec les exigences de l’ACFM*

* Les 2 crédits de formation en conformité avec les exigences de l’ACFM doivent être obtenus en complétant des activités de formation continue spécifiquement désignées par la Corporation de l’ACFM.

MFDA CE Coming Soon

MFDA CE Coming Soon

Mutual Funds Dealers Association of Canada

ILScorp currently has 2 MFDA accredited courses and more coming soon! Courses listed at the bottom of this post.

MFDA Continuing Education Requirements

MFDA Rule 1.2 and 1.2.6 and Policy 9 (collectively the “CE requirements”) came into effect on December 1, 2021. Only recognized Continuing Education (CE) activities taken on or after this date can be reported in the CE Reporting and Tracking System (“CERTS”) and count towards the fulfillment of the new CE Requirements.

All Participants must complete the required number of credits in each CE cycle.  Each cycle will be 2 years in length, starting December 1 of each odd numbered year. This aligns with the CSF’s continuing education cycle.

Participants registered as Dealing Representatives must take 30 credits total in each cycle, which is comprised of:

  • 8 Business Conduct (BC) Credits. A minimum of 1 and maximum of 2 of these Business Conduct Credits must relate to ethics. A single Business Conduct Credit consists of 1 hour of training in educational material that promotes, directs and guides ethical and compliant conduct. It includes education regarding ethical issues, MFDA Rules and Policies, other applicable legislation, and Member’s policies and procedures for complying with regulatory requirements. This would include topics such as conflicts of interest, Know-Your-Client standard and suitability, and complaint handling.
  • 20 Professional Development (PD) Credits. A single Professional Development Credit consists of 1 hour of training in educational material that maintains or enhances an advisor’s financial knowledge or proficiency.  This would include topics such as products, financial planning, and investment strategies and asset allocation.
  • 2 MFDA Compliance (MC) Credits. These must be obtained by completing continuing education activities specifically created and designated by the MFDA for the purposes of MFDA Compliance Credits.

Those Participants who are not Dealing Representatives, but are registered or designated as Chief Compliance Officers (CCOs), Ultimate Designated Persons (UDPs), Branch Managers (BMs), Alternate CCOs or Alternate BMs are required to take 10 credits total in each cycle: 8 Business Conduct credits (1 to 2 in ethics) and 2 MFDA Compliance credits.

For further guidance and information, please refer to the following: CE PARTICIPANT GUIDE

ILScorp currently has 2 courses accredited in the credit category of MFDA Business Conduct – Ethics – available now as part of the FP Canada CE Subscription.

Courses Accredited as MFDA Business Conduct – Ethics CE

The Ethical Agent Part 1

Credit Hours: 2

Credit Type: MFDA Business Conduct – Ethics / FP – Professional Responsibility

Credit #: MFDA# 1000000451

The Ethical Agent Part 2

Credit Hours: 2

Credit Type: MFDA Business Conduct – Ethics / FP – Professional Responsibility

Credit #: MFDA# 1000000452

Online Courses for RIBO CE

Online Courses for RIBO CE

NEW COURSE: Unfair or Deceptive Acts or Practices Rule = 1 RIBO Ethics CE

Introduction

The work of Ontario’s Financial Services Regulatory Authority on the Unfair or Deceptive Acts or Practices (UDAP) Rule was recently approved by the Minister of Finance. This regulation is meant

to promote safety, fairness and choice for insurance consumers across Ontario. The UDAP Rule empowers FSRA to supervise insurance industry conduct and protects consumers by clearly defining outcomes that are unfair or otherwise harmful. This course simply presents the full UDAP document with a preface and introduction to the Rule.

Purpose

The purpose of the course is to provide detailed information to show the broadened scope of unfair and deceitful acts and practices in the FRSA Rule and to make insurance professionals aware of the importance of being fully versed in its stipulations.

Course Content

This course covers the following topics:

Benefits of the Unfair or Deceptive Acts or Practices (UDAP) Rule

Reasons insurers, brokers and agents in the province of Ontario should review the Rule in its entirety

Interpretation of terms and references within the Rule

Unfair or Deceptive Acts or Practices as set forth in S.3-S.10

Particulars of Coming into Force

Course Learning Objectives

Successful participants of this course will:

  • Be able to identify the benefits of the UDAP Rule
  • Understand the reasons for knowing the stipulations of the Rule, especially as they relate to the following:

The broadened scope of what constitutes and unfair practice

Authorized representatives: 

Discrimination

Inducements 

Automobile insurance

Unfair claims practices 

Lowest rates – automobile insurance

  • Know the interpretation of terms and references in 1.1 (Interpretation) of the Rule
  • Be able to identify what constitutes an “unfair or deceptive act or practice” as set out in s. 3 through s. 10 of the Rule which includes the following:

Non-Compliance with Law

Unfair Discrimination

Unfair Claims Practices

Fraudulent or Abusive Conduct Related to Goods and Services Provided to a Claimant

Incentives

Misrepresentation

Prohibited Conduct in Automobile Insurance Quotations, Applications or Renewals

Affiliated Insurers

Be aware of the particulars of the coming into force of the Rule

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