Back to Work, Back to CE Deadlines!

Back to Work, Back to CE Deadlines!

Hope you enjoyed your long weekend!

Now it’s back to work and back to mandatory CE requirement deadlines.

Hooray!

Don’t stress out just yet.

Yes there are only days left to the May 31 CE credit deadline but with ILS your CE is FAST, EASY and DONE!
Get online and get to work. Purchase or renew your ILS CE Course Subscription and complete your CE requirements entirely online now.

ILS offers accredited continuing education courses for insurance agents and financial planners across Canada. Continuing Education deadlines for insurance agents in BC and Manitoba are May 31, and Alberta’s requirements must be met by June 30 this year. With an ILS CE Course Subscription immediately access hundreds of provincially accredited CE hours for one low cost.

Renew or Purchase CE Subscription

Your CE Deadline Dates
MAY 31 – BC Life / General / Adjuster – MB Life / General
JUNE 30 – AB Life / General / Adjuster – MB Adjuster
SEPT 30 – ON General

New Course: Behavioural Finance

Behavioural Finance

Irrational behaviours can be among the most difficult behaviours to deal with. People exhibiting irrationality tend to focus on their own way of thinking rather than a more predictable mindset. This irrational mindset can have negative consequences for a person’s life and investments.

Luckily, there are ways to bring an irrational person back to a rational mindset. As an investment advisor, it is your job to identify these behaviours and then correct them. Client irrationality, left unchecked, can wreak havoc on an investment portfolio.

Behavioural Finance: Lesson 1

Introduction to Economic Theory

This course briefly introduces Traditional Finance Theory as a backdrop to the new field of Behavioural Finance Theory. This first section will go over the assumptions that Traditional Finance Theory makes and how, in real life, not all of them hold up. Additionally, you will be introduced to Behaviour Finance and shown how it fills in the holes left by Traditional Finance Theory. Lastly, you will be introduced to some of the anomalies of the market place as well past market inefficiencies and market crashes.

Behavioural Finance: Lesson 2

Investment Behavioural Types and Biases

This section focuses on how irrationality affects the stock market. It will identify some of the flaws of Traditional Finance Theory and how the new field of Behavioural Finance attempts to circumvent these flaws. This section also highlights some biases your clients might have and possible pitfalls to investment that you can help them avoid. The course material will help you to identify types of investors and to anticipate their needs and preferences. Overall, the course objective is to make you a better advisor, able to serve your clients with a broader perspective and maximize the returns on their portfolios.

More Info On Course

EXCERPT FROM BEHAVIOURAL FINANCE COURSE

Behavior Investment Types (BIT)

This section will focus on the personality traits of certain investors. Each of these personality types exhibit some kind of irrational behavior, that when identified, can help you better serve your client. You might also see some of this behaviour in yourself.

These types do not necessarily have to be memorized, but knowing how to identify certain personality traits will help you work through your client’s irrational behaviour.

In this section we will go over the difference between a passive and active investor. We will also show how the investment goals of a person changes as their age changes. Lastly, we will go over two behavior-based models based on the different behaviour types prevalent in investors.

Passive vs. Active Investor

  • Passive investors are those investors that generally acquire their wealth through inheritance or through risking other people’s money. These people generally have a high need for security and have a low tolerance to risk. Many of these people are also generally older and closer to retirement age. Plus, passive investors are more focused on preserving their wealth than gaining more.
  • Active investors have been actively involved with the creation of their own wealth. They have also risked their own capital in achieving their wealth. Generally these people have a high-risk tolerance. These people are often demanding clients and like to be involved in their finances.

An investment advisor and/or life agent needs to understand the perspective of the client to better serve his or her needs. For example, offering a bond index fund to an active, risk-focused investor may show less success than to a passive investor.

Access Duration from the Date of Purchase: 6 Month(s)

Credit Hours: 4

Credit Type: Life/A&S

Credit #: AIC45737 MB28340

Accrediting Provinces:

ILScorp Offices Closed at 4pm PST for BC General Voting Day

Today, Tuesday, May 9th, is general voting day in British Columbia for the provincial election.

In order to give our employees time to exercise their right to vote, ILScorp offices will be closed at 4pm PST.

Did you know?

  • The number of people who turned out to vote ahead of election day this year is 70% higher than last time.
  • 2017 marks the 100th year since women won the right to vote in BC.
  • The final count, including absentee votes, doesn’t take place until May 22 to 24.

 

RIBO CE Technical Subjects

RIBO Continuing Education Requirements

Principal Brokers and Deputy Principal Brokers: 10 hours of continuing education credits every year between October 1st and September 30th. A minimum of 5 hours must be in the Management category. The remaining hours may be in the Management or Technical category.
There is a carryover of a maximum of 10 hours (or one term’srequirements) allowed for the next term.

All other licensed individuals: 8 hours of continuing education credits every year between October 1st and September 30th in any category. There is a carryover of a maximum of 8 hours (or one term’s requirements) allowed for the next term.

Newly licensed individuals: The continuing education program of 8 hours every year between October 1st and September 30th will begin the first October following registration. Individuals are exempted for
the remainder of the licence year that they were registered.
E.g. Broker A was registered on November 1, 2016 and Broker B was registered on April 30, 2017. Both Broker A and Broker B will not be required to have accumulated any continuing education credits by September 30, 2017, but must begin taking the continuing education seminars/courses on October 1, 2017.

If you are “Inactive” or on leave of absences (maternity, sabbatical), you are still required to comply with the continuing education requirements to maintain registration eligibility.

Technical CE

Subjects directed towards imparting of general insurance product knowledge and/or technical insurance expertise including risk management and loss prevention.

Maximum allowable credits: 16 hours

ILScorp List of Technical Courses:

Alcohol Related Civil Liability – One for the Road – Two for the Courts 3
All Risks Coverage Homeowners Forms (Standard Wording) 2
Automobile Theft in Canada 3
Broad Form – Commercial Buildings, Equipment and Stock – Property Exclusions Explained 2
Business Income – Part 1 – Profits Form – Lombard Canada 1
Business Income – Profits Form – Lombard Canada – Part 2 2
Business Interruption Insurance – Video Course 1
Categories of E and O Claims (CL Brokers) – Part 2 2
Categories of E and O Claims (PL Brokers) – Part 2 2
CGL – Part 1 – The Law and Commercial Liability Insurance 1
CGL – Part 2 – BI and PD Liability 1
CGL – Part 3 – BI and PD Liability Exclusions 1
CGL – Part 4 – Insuring Agreements B-D 1
Commercial Crime – Video Course 1
Commercial Liability Including Extensions and Conditions 2
Commercial Property Coverages – Video Course 2
Commercial Property Insurance: All Risks Policies – What’s Covered and What’s Not 2
Condominium Unit Owners Insurance 3
Contract Bonds 1
Contractual Exclusion of Liability as a Defence to Negligence Claims The Effect of Waivers and Releases 2
Coverages And Exclusions In A Blanket All Property Broad Form Policy 2
Developing a Formal E and O Program for the Brokerage (CL Brokers) – Part 3 2
Developing a Formal E and O Program for the Brokerage (PL Brokers) – Part 3 2
Directors and Officers Liability – For Non-Profit Corporations 1
Directors and Officers Liability for Profit Corporations 2
Dominion of Canada – Part 1 – Broad Form – Commercial Buildings, Equipment and Stock – Perils Exclusions Explained 1
Earthquake Insurance Are You Ready for the Big One? 1
Ethics and the Insurance Professional Part One 2
Ethics and the Insurance Professional Part Three 2
Ethics and the Insurance Professional Part Two 2
Garage and Auto Dealers Insurance – Part 1 2
Garage and Auto Dealers Insurance – Part 2 2
Garage and Auto Dealers Insurance – Part 3 2
Homeowners Insurance – What you Need to Know About Fraudulent Claims 1
Homeowners Liability Insurance Legal Standards and Precedents 1
Homeowners Property Coverage – Part 1- Standard Wording 1
Homeowners Property Coverage – Part 2 – Standard Wording 1
Insurance for Marine Pleasurecraft 1
Introduction to Insurance Fraud 2
Introduction to the Claim Process and Claim Handling Techniques 2
Introduction to Travel Insurance Assistance Services Coverage 2
Introduction to Travel Insurance Life and Body Protection Coverage 2
Introduction to Travel Insurance Loss or Delay Protection Coverage 2
Introduction to Travel Insurance Medical and Dental Coverage 2
Introduction to Travel Insurance Other Benefits Coverage 2
Introduction to Travel Insurance Trip Protection Coverage 2
Liability of Owners for their Pets: Legal Precedents 2
Making Property Fire Smart 2
Mold Insurance – Part 1 3
Mold Insurance – Part 2 3
New CGL Policy – A Bodily Injury and Property Damage Liability – Part 1 2
New CGL Policy – Coverage B, C and D – Part 3 2
New CGL Policy – Limits, Deductibles and Conditions – Part 4 2
Occupiers Liability An Analysis of the Legal Rights, Duties and Responsibilities 3
Ontario Automobile Policy Program 5
Pet Insurance – Insurance for Man’s Best Friends 2
Risk Management – Video Course 1
Risk Management Techniques & Identity Theft 1
SGI – Part 2 – Clauses and Conditions, Co-Insurance and Permission in a Blanket All Property Policy 2
SGI – Part 2 – New CGL Policy – More Coverage – Exclusions & Who’s Covered 1
SGI Canada Home Pak Policy: Part 2 – Added Features 1
SGI Canada – Comprehensive Dishonesty, Disappearance and Destruction Rider 1
SGI Canada – Part 1 – Farm Property: A. General Section 1
SGI Canada – Part 2 – Farm Property: A. General Section 2
SGI Canada – Part 1 – The New CGL Policy – Coverage A – Insuring Agreement and Exclusions 1
SGI Canada – Part 2 – The New CGL Policy – Coverage A (Exclusions) and Section II – Who Is An Insured 1
SGI Canada – Part 3 – The New CGL Policy – Analyzing Coverages B, C and D 2
SGI Canada – Part 4 – The New CGL Policy – Limits, Deductibles and Conditions 2
SGI CANADA FARM BUILDING & CONTENTS INSURANCE 3
SGI Canada Farm Fertilizer, Chemicals and Fodder Insurance 1
SGI Canada Farm Machinery Coverage 2
SGI Canada Farm Produce Advantage Rider 1
SGI Canada Farm Property Advantage Rider 2
SGI Canada Farmer’s Liability – Additional Coverages 1
SGI CANADA FARMER’S LIABILITY – PART 1 2
SGI CANADA FARMER’S LIABILITY – PART 2 3
SGI Canada Farmers Liability BI and PD Coverages 4
SGI Canada Grain and Irrigation Equipment Insurance 1
SGI – Part 3 – Canada Home Pak Policy – Special Limits and Optional Covereages 3
SGI CANADA HOME PAK POLICY: PART 5 – PERSONAL LIABILITY (1) 2
SGI CANADA HOME PAK POLICY: PART 6 – PERSONAL LIABILITY (2) 2
SGI CANADA HOME PAK POLICY: PART 1 – PROPERTY INSURED & CLAIMS PROCESS 2
SGI CANADA HOME PAK POLICY: PART 4 COVERAGES, EXCLUSIONS AND CONDITIONS 2
Some Coverage Limitations in a Commercial Policy (CL33) 2
The E and O Exposure – Legal Considerations (CL Brokers) – Part 1 1
The E and O Exposure – Legal Considerations (PL Brokers) – Part 1 1
Underwriting 101 – Video Course 1
Wawanesa – BIP – Part 1 – Property Coverages in a Commercial Policy 3
Wawanesa – BIP – Part 7 – Coverage E – Business Liability and Coverage F – Medical Expenses 1
Wawanesa – BIP – Part 8 – Exclusions – Coverage E – Business Liability and Coverage F- Medical Expenses 1
Wawanesa – Part 3 – Select Series Coverage D – Crime 1
Wawanesa – Select Series – Part 2 – Coverage C – Loss of Income 2
Wawanesa BIP Policy – Part 6 – Optional Coverages 1
Wawanesa Contractor’s Choice 2
Wawanesa Salon Select 1
What Business Owners Can Do About The High Cost of Employee Dishonesty 2
What you Need to Know about Marijuana Grow Ops 1

 

The deadline for completion of the continuing education requirements is September 30, 2017 and there are no extensions for individuals to comply. Noncompliance
of the continuing education requirements will result in the suspension of the license and suspended individuals may not conduct any business with members of the public until the license is reinstated.

Maintenance Notification

Maintenance Notification

Please note we are currently performing important server maintenance and all e-learning campus and course access is currently offline.

Our estimated completion time is 10am PST or sooner.

We strive to offer a consistently high uptime and need to perform some crucial hardware and database upgrades to ensure that reliability continues. These upgrades will also bring you a better and faster e-learning experience, along with improved security measures. We try to keep planned maintenance windows to a minimum and will do our absolute best to perform this operation as fast as possible. Thank you in advance for your patience.

Start Managing Yourself and Your Goals – CAIB Exam Prep

CAIB Exam Preparation for your Level 2 or Designation

CAIB Level 2

Start Signing Insurance Contracts

A level 2 General Insurance Agent is authorized to sell insurance policies both inside and outside the office of a general insurance agency and is not prohibited from signing contracts of insurance.  As a licensed Level 1 General Insurance Agent, advance your career and achieve your Level 2 License by completing the CAIB 2 and CAIB 3 examinations. (BC, SK, MB)

CAIB 2 and CAIB 3 provide a comprehensive study of commercial lines coverages.

CAIB Exam Prep Info

Manage Yourself, Your Staff and Your Office

Successful completion of all 4 CAIB examinations will qualify you to receive the industry designation of “Canadian Accredited Insurance Broker”. With your CAIB Designation, operate an office and manage the development and maintenance of accounts and markets appropriate to clients’ needs, and maximize your personal goals.

CAIB Exam Prep Info

Sample Questions & Answers from CAIB Exams

How many questions are on CAIB Key Terms?

Is there a multiple choice component?

How many marks are the open ended general questions worth?

To help you prep for your CAIB Exam here is a quick reference list of the structure of CAIB exams and even some sample questions and answers.

READ MORE

 

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