FOR IMMEDIATE RELEASE
New online training course from ILScorp prepares insurance professionals for July 1 changes to British Columbia’s Insurance Act
Online course, accredited for three Continuing Education (CE) credit hours, provides British Columbia’s insurance professionals with in-depth information about changes to the provincial Insurance Act
COURTENAY, B.C. – June 28, 2012 – British Columbia’s Insurance Act was passed in 1925 and in the more than eight decades since, insurance practices in the province have changed, but the Insurance Act has remained essentially the same. In 2003, the Supreme Court of Canada, in hearing KP Pacific Holdings Ltd. v. Guardian Insurance Co. of Canada, ruled that the existing Act was based on outmoded classes of insurance and was “incapable of coherently addressing the modern multi-peril policy.” As a result, significant amendments have been made to B.C.’s Insurance Act, effective July 1, 2012.
In order for insurance professionals to understand the amendments and how they affect the insurance business in British Columbia, ILScorp, a long-time provider of insurance and financial services education, has created a new online training course that examines the amendments to the Insurance Act.
The new course, entitled Insurance Act of B.C. Reforms, examines the history of the amendments, beginning with the Supreme Court of Canada’s hearing on KP Pacific Holdings Ltd. v. Guardian Insurance, explores each of the amendments and explains the impact of the amendments on insurance professionals in British Columbia.
The course examines the substantial changes to the Act, including:
- The restructuring of the Act
- Statutory conditions
- Limitation periods
- Relief from forfeiture
- Unjust or unreasonable conditions
- Dispute resolution
- Restrictions on exclusions for fire
- Recovery by innocent persons
- Electronic communications
- And more
The Insurance Act of BC Reforms course is available now on www.ilscorp.com. Current subscribers who have purchased either a General Insurance or Life and A&S subscription can access this course for free as part of their six month subscription. This course is accredited for three Continuing Education (CE) credit hours in British Columbia.
Click here to access this course as part of a General Subscription purchase today.
Click here to access this course as part of a Life and A&S Subscription purchase today.
ILScorp is an industry leader in insurance broker education in Canada. Building on more than two decades of in-person training, in 2000, ILScorp went online with ilscorp.com and became the first independent organization to offer online continuing education and licensing preparation training. In 2007, ILScorp offered the first training programs in a video-streaming format. Today, ILScorp continues to be the training course provider of choice for more than 21,000 Canadian insurance professionals. Its news arm, ILSTV (www.ilstv.com) offers free daily broadcast and text insurance news to a worldwide audience. ILSJobBank (www.ilsjobbank.com) is the hub for insurance and financial services employment services. ILSWebServices (www.ilswebservices.com) offers professional clients from coast to coast a full suite of website development, designing and hosting solutions, including Learning Management Systems, Search Engine Optimization development and social media management.
For more information, contact
President and CEO