Jun 18, 2015 | News
So it’s been a few years now that all insurance classes in Alberta have merged to a harmonized continuing education deadline of July 1 – June 30th annually.
Now that you’ve almost gotten used to the June 30 date, do you remember how many CE credits/hours you’re required to obtain, or allowed to carry over each year?
How long do you have to hold on to your continuing education certificates in case of an Alberta Insurance Council audit?
Your Alberta CE requirement information for each insurance class is all right here for you in this Alberta CE Requirement Cheat Sheet. We have included a notes section to help you easily keep track of your completed CE each renewal, because there is nothing worse than realizing on June 29 that you actually only have 10 CE credits instead of the required 15 CE credits! (As an insurance professional in Alberta, upon renewal you are required to declare that you have obtained the required number of hours. The Alberta Insurance Council may conduct random audits that may extend back 3 years.)
Alberta Insurance Council phone numbers, website and even the AIC# course look up URL, is also listed.
(Just a reminder, when you are entering the AIC# on the Alberta Insurance Council course look up page, be sure to enter the number ONLY, not the word “AIC “or the # sign with it.)
And of course we have listed the ILScorp website and phone number for quick access to our live operators, ready to assist you with your continuing education requirements.
Still need CE for your June 30 CE credit Deadline?
Click on your insurance class below to learn more about the ILS CE Course Subscription Options.
Jun 16, 2015 | News
Registering for an online CAIB 1, 2, 3 or 4 exam.
CAIB 1-4 online exams are available at the IBABC office in Vancouver BC, and also in major centres in cities around British Columbia such as:
- Campbell River – North Island College
- Cranbrook – College of the Rockies
- Castlegar – Selkirk College
- Kelowna – Okanagan Community College or UBC Okanagan Campus
- Kamloops – Thompson River University
- Nanaimo – Vancouver Island University
- Prince George – College of New Caledonia
- Vernon – Okanagan Community College
- Victoria – Camosun College
Exams must be conducted on weekdays between 9am and 4:30pm.
Students must have their proctors fill in the proctor nomination form with the details of the CAIB exam proctor, location, date and time. Students must read, sign and date the form and submit for IBABC approval a minimum of 72 hours prior to the exam date. More info
- Exam consists of multiple choice, definition and short answer questions for CAIB 1-3 and the long form answers for CAIB 4
- Students have 3.5 hours to complete the exam.
- The passing grade is 60% for each level.
- CAIB online exam marks will be available 7 days after the day students completes the exam and will be provided by email.
- The cost of the exam is $395.
- The cost to re-write the exam is $195.
Examinations may be re-written for a fee applicable each time. You may write an exam three times in a row but will then have to wait six months before a further attempt will be recognized by the Insurance Council of BC if the exam is being written for licensing purposes. Source: IBABC
ILScorp ONLINE CAIB EXAM PREP COURSE
Prepare to successfully write your CAIB Exam and work towards your CAIB designation with ILScorp’s CAIB Exam Prep Online Video Courses!
Jun 8, 2015 | News
Licensing Requirements
A criminal record check is required by all individuals who are first time applicants for licensing in Alberta.
The Alberta Insurance Council may also request that individuals who are applying for a general, life, accident & sickness, or adjuster certificate of authority provide a security clearance.
These Criminal Records checks can be obtained from the local policing authority by attending the local office and making a request.
1. Applicants for an Insurance Adjuster’s Certificate should complete the application
Form #3 located on the Alberta Insurance Council Website.
2. New applicants for an Adjuster’s Certificate Level #1 (other than restricted “Hail, Equipment and Travel Adjusters”) are required to pass an examination before a license can be issued. All new applicants must provide an original security clearance document which is not more than three months old.
3. Non-residents and persons who were licensed in another jurisdiction within the last year must submit an original, personal non-resident endorsement or other certificate of status, not more than 3 months old, from the appropriate licensing authority in their home jurisdiction, if they wish to be exempted from the examination.
4. A license cannot be issued in the name of the corporation unless the corporation is registered. Please check with any private registry office for further information. If a license is to be issued in the name of a business and you are the Level 3 Adjuster, you must also submit an application for a corporate certificate of authority (Form 6).
Non-residents must submit an original corporate, non-resident endorsement from the appropriate licensing authority in their home jurisdiction. If the business is a non-resident, it must provide evidence that is licensed as an adjuster from the appropriate licensing authority in its home jurisdiction.
5. The Adjusters Certificate Regulation 122/01 provides for three (3) levels of Adjusters Certificates.
Alberta Adjuster Certificate – Level 1:
- Must pass an examination of the Alberta Insurance Council
- Must be subject to the direct supervision of a holder of a level 3 adjuster’s certificate of authority. All reports in relation to the adjustment of claims must be approved and countersigned by that holder of a level 3 adjuster’s certificate of authority
Alberta Adjuster Certificate – Level 2:
- Twenty-four months of consecutive claims adjusting experience plus successful completion of six Insurance Institute of Canada courses for a designation as an Associate of the Insurance Institute of Canada, of which one course must be C-15 (Loss Adjustment and Claims Settlements) or C-17 (Claims 1) or C-110 (Essentials of Loss Adjusting).
- Must be subject to the direct supervision of a holder of a level 3 adjuster’s certificate of authority. All reports in relation to the adjustment of claims must be approved and countersigned by that holder of a level 3 adjuster’s certificate of authority.
Alberta Adjuster Certificate – Level 3:
- Successfully met Level 2 requirements
- Is an Associate of Fellow of the Insurance Institute of Canada or Chartered Insurance Professional (CIP) or a Fellow Chartered Insurance Professional (FCIP)
- Has successfully completed the C-32 (Bodily Injury Claims) and either C-46 (Claims 2), C41 (Property Loss Adjustment) or C-111 (Advanced Loss Adjusting) courses of the Insurance Institute of Canada
- Has acted as an adjuster for at least 60 months within the 10 year period immediately preceding the date of application
Alberta Adjuster Continuing Education Requirements:
Accredited Continuing Education Courses for Alberta Adjusters
6. All individuals holding Levels 1 and 2 Adjusters’ Certificates may only act as an adjuster if the individual is subject to the direct supervision of a holder of a level 3 adjuster’s certificate of authority and all reports in relation to the adjustment of claims must be approved and countersigned by that holder of a level 3 adjuster’s certificate of authority. A business that acts or offers to act as an adjuster and operates from more than one office must have in each office at least one adjuster who holds a level 2 adjuster’s certificate of authority.
7. A Level 3 adjuster can apply to be the Designated Representative of a business or a sole proprietorship if he or she holds an adjuster’s certificate of authority and:
a) Is an individual,
b) Is an Associate or Fellow of the Insurance Institute of Canada, or Chartered Insurance Professional or a Fellow Chartered Insurance Professional,
c) Holds a level 3 adjuster’s certificate of authority, and
d) Has responsibility for the management and supervision of the business.
8. Applicants with more than 10 years insurance adjusting experience prior to 1990 and who is not an Associate or Fellow of the Insurance Institute of Canada should contact the Council for further instructions.
9. The annual fee for an Adjuster’s or Corporate Certificate is $95.00 both for new and renewal.
10. If you have paid a full fee in the current licensing year any change or amendment to that class of license prior to April 1 will only require a $25.00 fee. If a change of level is desired please send your $25.00 fee and proof of successful completion of the required courses to the Alberta Insurance Council.
13. Your application must be recommended by the Level 3 Designated Representative adjuster in your firm.
Jun 1, 2015 | News
While most insurance professionals in BC are breathing a huge sigh of relief this fine Monday morning, Alberta brokers, agents and adjusters are stepping up to the CE home plate for a few practice swings.
Alberta you’re up!
Your June 30 CE deadline is just around the corner, so get online and get to work.
(I know it it’s Monday and you aren’t even thinking about CE yet, but don’t worry Alberta, we’ll be badgering Manitoba Adjusters too, not just you. Promise.)
Here’s a friendly reminder of your Alberta Insurance CE requirements and record keeping obligations.
General insurance – July 1 to June 30 annually – 15 CE credits
Adjusters – July 1 to June 30 annually – 15 CE credits
Life and Accident and Sickness – July 1 to June 30 annually – 15 CE credits
Agents, brokers and adjusters in Alberta must maintain their continuing education certificates for three years after the expiry of the licensing period in which the credits were earned. The Alberta Insurance Council may conduct random audits and these audits will only extend back three years.
Alberta allows for a carry-over of 7.5 hours/credits per year, per insurance class.
All licensees will be required to earn 15 hours of credits per certificate (with a carry-over of 7.5 hours per year allowed.) When renewing his or her license, the licensee must declare that he or she has obtained the required number of hours. The Alberta Insurance Council may conduct random audits.
Purchase or renew your ILS CE Course Subscription and complete your CE requirements entirely online now.
