Oct 17, 2019 | News
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,
or
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.
or
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’),
or
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,
or
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,
or
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,
or
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
or
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.
Oct 15, 2019 | News
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
Specific objectives
- 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.
Topics covered
- Competence
- Overall knowledge 1: Know your client
- Overall knowledge 2: Investor profile
- Overall knowledge 3: KYC update
- Ageing clients
- Signature
- Financial needs analysis (FNA)
- Notice of replacement
Oct 11, 2019 | News
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!
ILScorp
Jun 27, 2019 | Ethics CE, News
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.
Apr 2, 2019 | News
RIBO continuing education requirements vary by license and experience
Upon your RIBO license renewal, you must self-declare that you have obtained the required amount of continuing education credits. The Registered Insurance Brokers of Ontario (RIBO) recommends that you keep continuing education certificates for five years for random spot checks for compliance, but don’t worry, ILScorp keeps your completed course continuing education certificates for up to seven years!
Continuing education requirements vary by license and experience, as follows:
Principal brokers and deputy principal brokers:
10 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:
All other licensed individuals:
8 hours of continuing education credits accumulated between October 1 and September 30 subject to the following conditions:
- 1 hour minimum of RIBO Ethics CE
- 3 hours of RIBO Technical CE
- Maximum of 2 hours Personal Skills
- Carryover of 8 hours is permitted each year however the minimum category requirements must be maintained.
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.
- Newly-licensed individuals are exempted for the remainder of the license year that they were registered
