ILScorp Blog

The latest and greatest info from ILScorp!

ILScorp Offices Closed During Holiday Season 2016

ILScorp Offices Closed During Holiday Season 2016. This year we will be closed for the Christmas and Holiday season from December 26, 2016 until January 3, 2017. During this period our live customer service representatives will be enjoying a well deserved holiday and our phone lines will automatically go to voicemail. Kindly leave us a message or better yet please send in tickets to info@ilscorp.com where your requests will be attended to as soon as possible upon our opening date on Tuesday January 3, 2017.

We invite you to place your orders well in advance in order to ensure we can assist you and you have a Happy Holiday Season too! During the ILScorp office closure all courses and subscriptions are available to purchase online via credit card.

Please note we will not be scheduling any licensing exams during the closure.

Just for good measure, here are some of our most commonly asked questions:

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The Pathway to Your Level 1 General Insurance License

Your pathway to success begins with the ILS Level 1 General Insurance Licensing Program. With just 80 -120 hours of self study time, you can obtain your Level 1 General Insurance License and begin your new career as a general insurance agent. The ILS L1 Program has everything you need in one package to successfully pass your Level 1 General Insurance Licensing exam in BC, Saskatchewan and Manitoba. Prepare well and study hard
The foundation of your ILS L1 Program is the online video course, hardcopy textbook, and workbook, each organized into easy to manage chapters. Utilizing all three learning elements enables you to listen to the content as it is narrated in the video course, follow along in your textbook, and enforce your knowledge retention by answering questions on key concepts in your workbook.

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How an Insurance Adjuster can help

An Independent Insurance Adjuster is an independent professional typically retained as a representative of the insurance company, but is not an employee of the insurance company.
An Independent Insurance Adjuster is responsible for: Investigating a claim, reviewing the terms of an insurance policy with the claimant, negotiating settlements, providing an explanation of the claims process and communicating progress of the claim to the claimant, requesting payments from the insurance company. In Manitoba, Independent Insurance Adjusters are licensed and regulated by the Insurance Council of Manitoba, and are required to…

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Insurance Fraud… All Tricks and No Treats

Insurance fraud continues to be a major issue. It impacts every insurance company and virtually every customer as insurers increase premiums to offset fraud losses. The general consensus is that suspicious activity is increasing and the tactics used by fraudsters are more sophisticated. o what constitutes insurance fraud? Insurance fraud happens when an individual or a group of persons deceives an insurance provider to get some money. They do this with full knowledge of the act and can be very resourceful when fabricating or exaggerating a claim.

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Happy Thanksgiving! We’ll be Back on Tuesday

The ILScorp offices will be closed Monday, Oct. 10 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!

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Characteristics of Insurance and Other Contracts

INSURANCE CONTRACT BASICS. People enter into insurance contracts for the protection these contracts provide. Contracts can be made orally or in writing. To eliminate disputes as to whether a contract existed, it is recommended that contracts having significant or long term obligations be made in writing.
Parties to the Contract: There are at least two parties to every contract regardless of its purpose. In property insurance contracts, these parties include: – the insurer, and the insured.

EXAMPLE: Last week, Alex and Olivia Gregory completed an application for insurance for their home. The application was sent to the XYZ Insurance Company. They received their insurance policy yesterday. Both the Gregorys and the insurance company are considered to be parties to the contract.

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Take the ILS Level 1 Licensing Quiz

View the video demo of the ILS Level 1 General Insurance Licensing Program and test your knowledge by taking the quiz. The ILS Level 1 Licensing program has everything you need in one package to successfully pass your Level 1 General Insurance Licensing exam. Still not sure if this program is the right choice for you? View the CHAPTER 1 video demo, a quick sample of Chapter 1 of the L1 program, INTRODUCTION TO GENERAL INSURANCE and see what taking an online course is all about.

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Why should you consider taking classes online versus in a classroom?

If you’re thinking about starting a career in the insurance industry by completing your level 1 licensing courses online, you may be nervous and worried that the online learning environment will lack the “human touch” your used to in lectures and seminars. However, online learning has come a long way over the last few years and it’s probably not what you imagine – instructors don’t just toss all the regular course materials online and leave it at that.

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ILS Level 1 General Insurance Licensing Program

But why would you want to work in insurance? Looking for a solid career that won’t require a multi-year college degree? The insurance industry may be just the right place for you. People may not think of insurance as the most glamorous industry in Canada, but it does offer stability, challenge and growth to those who choose the profession. It’s an incredibly diverse and gratifying career choice, with huge scope for personal fulfillment, network building, professional development and of course financial reward. A career in insurance will take you as far as you want to go.

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