As of January 01 2020, all students must study current educational materials from an approved General Level 1 Educator in order to be certified as having met the prerequisites to write the Alberta General Insurance Level 1 Licensing Exam. You can no longer challenge the Alberta General Level 1 Licensing Exam.
This new certification format is known as the Level 1 General Licensing Qualification Program (GLQP).
Why implement the General Licensing Qualification Program?
The intention of candidate certification in order to register and write the licensing exam, is to ensure competency of new entrants into the General Insurance field. Low pass-rates have been an ongoing subject of concern with educators and industry stakeholders. A change in program approach is now being delivered to ensure consistent education delivery and to improve student success rates.
How do I prepare for the Alberta General Insurance Level 1 Licensing Exam and become certified with ILScorp?
The first step to starting your new career as an insurance professional in Alberta is to obtain a CIPR number. What is CIPR? CIPR is short for Canadian Insurance Participant Registry.
Once you register with CIPR online, you’ll receive a unique identifier called your CIPR # which can be used to identify you. ILScorp needs your CIPR number in order to eventually certify you to write the Alberta Licensing Exam.
Get your CIPR number here: https://www.cipr.ca
Now you’re ready to enroll in the ILS Alberta Level 1 General Insurance Licensing
ILS Alberta Level 1 General Insurance Exam Preparation Program.
The ILScorp L1 Program has everything you need in one package to successfully pass your Alberta Level 1 General Insurance licensing exam, including your certification exam.
How the Alberta L1 Program Works and Whats Included
- L1 General Insurance Licensing online course – 12 Chapters
- L1 Textbook hardcopy – 12 Chapters
- L1 Workbook hardcopy – over 650 quiz questions
- L1 Workbook Answer Key
- L1 Flashcards– over 300 exam type mobile questions
- Alberta Auto Essentials online course
- An Insurance Professional’s Regulatory Responsibilities online course – AIC council rules and code of conduct
- Alberta online supplement – specific to Alberta insurance requirements
- Accident and Sickness Review Course
- Review Tests – 17 review tests including multiple choice answer options
- L1 Alberta General & Adjuster Insurance Licensing Practice Exams
- ILS Level 1 Certification Exam
More info on exam prep program
The program is broken down into 8 Modules.
When you first log in to your e-learning campus you will be presented with the Alberta Level 1 Terms and Conditions. If you agree with the terms and conditions you will then have access to the very first Module of the program, Module 1: Concepts and Characteristics of Insurance.
Each Module is broken into chapters with end of chapter quizzes. At the end of each Module is a Module final exam.
Once you successfully complete all review quizzes and pass the final Module Exam you will get access to Module Two. This pattern continues for each Module and once all 8 Modules are successfully completed you will have access to the online certification exam. Once you pass your certification exam, ILScorp will receive a notification that you have completed all course material and qualify to become certified.
ILScorp will then mark you as certified in the CIPR system. This is why you need a CIPR number, without it we cannot mark you as certified. As soon as ILScorp marks you as certified, you can immediately register for the licensing examination with the Alberta Insurance Council.
You will then be certified for 1 full year. If you do not write the Alberta Licensing Exam within the year, you will be required to purchase course material again and go through the certification process again.
If you do not complete all ILScorp course material and pass the ILScorp certification exam you will not be marked as certified and will not qualify to register for the Alberta Licensing Exam.
What if I do not have Certified status and I try to register for the Licensing Exam?
Students will not be able to register for a General Licensing Level 1 examination if they have not been Certified by an approved educator.
The General Insurance Council (‘GIC’) has been delegated the authority by the President of Treasury Board and Minister of Finance to approve the qualification examinations and education training programs to be undertaken by applicants for certificates of authority for general insurance.
The GIC has approved the following course equivalencies for the following levels of certificates of authority:
1) Alberta General level 1:
a. Proof of passing the Canadian Accredited Insurance Broker (‘CAIB’) 1 and 2 courses with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC,
b. Proof of having the Full CAIB Designation with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC.
c. Proof of passing the C130 (Essential Skills for the Insurance Broker and Agent) and C11 (Principles and Practice of Insurance) courses of the Insurance Institute of Canada with proof that the last exam was passed within 12 months of the submission of an application for licensing to the Alberta Insurance Council (‘AIC’),
d. Proof of having the Full Chartered Insurance Professional (‘CIP’) Designation with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC,
2) Alberta General Level 2:
a. Proof of passing the C132 (Practical Issues in Broker Management) and C131 (Advanced Skills for the Insurance Broker and Agent) courses of the Insurance Institute of Canada with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC,
b. Proof of having the Full CIP Designation with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC,
c. Proof of passing the CAIB 1, 2 and 3 courses with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC,
d. Proof of having the Full CAIB Designation with proof that the last exam was passed within 12 months of the submission of an application for licensing to the AIC.
3) Alberta General Level 3:
a. Proof of having the Full CIP Designation
b. Proof of having the Full CAIB Designation.
A completed on-line application with applicable fees accompanied by proof of the aforementioned courses must be submitted to the Alberta Insurance Council for these qualifications to be considered.
If you are licensed with the CSF, the CSF ProEthics course must be completed by November 30th, 2019.
This mandatory online training course is only offered and available on the CSF’s website.
The PDUs related to the CSF’s mandatory course on compliance ProEthics can only be awarded once during the two reference periods covered by the course, that is, between the launch of the training activity in November 2016 and the end of the current period on November 30, 2019.
PROETHICS (INSURANCE) – 3 PDU
- Understand the new regulations or regulatory changes relevant to your practice.
- Review the ethical obligations you have toward your clients, the public, the profession, and other financial service professionals.
- Identify the regulations that you must comply with and the behaviour you must avoid in the context of business development or promotion of services and financial products.
- Adopt the best practices when it comes to your relationship with your clients in order to foster consumer trust in the profession.
- Overall knowledge 1: Know your client
- Overall knowledge 2: Investor profile
- Overall knowledge 3: KYC update
- Ageing clients
- Financial needs analysis (FNA)
- Notice of replacement
The ILScorp offices will be closed Monday, Oct. 14 as we take some time to enjoy the Thanksgiving holiday.
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
Have a great long weekend, everyone!
The Registered Insurance Brokers of Ontario recently updated the continuing education requirements for all RIBO Licensees.
As a RIBO licensee you need 1 Hour of RIBO Ethics CE by September 30, 2019, and then a new hour of Ethics CE every year between October 1st and September 30th.
ILScorp has your RIBO requirements for 2019 covered with the online course Making the Right Ethical Decisions, and we will be adding new RIBO Ethics CE courses each year.
This online 1 hour RIBO Ethics CE course can be purchased for $85.00 and is completed entirely online. Once you register you will receive a username and password to access the ILScorp e-learning centre. You will have 6 months of unlimited access to complete this course. Once you pass the final quiz you can print your CE certificate immediately. We will keep your CE certificate on file for up to 7 years in-case of audit.
Your Best Option to Access the Making the Right Ethical Decisions Course
Rather than purchase this course on its own, this course is also available as part of the ILScorp General CE Course Subscription.
The ILScorp General CE Course Subscription has over 186 online courses accredited in RIBO Management, RIBO Technical, RIBO Personal Skills and the RIBO Ethics CE Course.
This subscription is $185.00 and you receive 6 months of unlimited access to all 186 courses. Each time we release a new course you receive automatic access to the new courses at no extra charge.
So if you have an active ILScorp General CE Subscription when we release the new RIBO Ethics CE courses in October of 2019, you’ll automatically receive free access!
Contact ILScorp today.