ILScorp Blog

The latest and greatest info from ILScorp!

CE for RRC/CR Holders

To remain in good standing, an RRC/CR – Registered Retirement Consultant – holder must earn a minimum of 10 (ten) qualified continuing education credits each year based on activities approved by the CIFP Retirement Institute. An eligible continuing education activity is one that furthers the development, professional skills and technical knowledge of the Registered Retirement Consultant/Conseiller en Retraite and Conseillère en Retraite.

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Clean Slate for AB Level 3 Rewrites

The Alberta General Insurance Council is pleased to announce the reset of the General Insurance Level 3 Exam aligning to a new Curriculum released late last year, effective Monday, March 6, 2017.

Anyone who previously wrote the Level 3 unsuccessfully, will be given a clean slate as it pertains to rewrite rules.
ABOUT ALBERTA GENERAL INSURANCE EXAMS

New applicants must obtain a CIPR # www.cipr.ca before they register for an examination.

Registration for examinations must be done online (only Visa and Master Card credit card payments accepted).

Examinations are held every Monday and Tuesday in the Calgary and Edmonton AIC offices. If Monday is a Statutory Holiday the examinations are held on Tuesday and Wednesday.

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Happy Family Day British Columbians!

Happy Family Day British Columbians!

Why is BC Family Day unique to B.C.?

In 2012, British Columbians were asked when Family Day should fall in February. Following the largest consultation of its kind, British Columbians cast more than 31,000 votes, with the majority saying their preference was for B.C. to have its own unique day on the second Monday in February.

This year, Family Day in BC is on Monday, February 13, 2015.

BC Government is partnering with the BC Recreation and Parks Association to bring family friendly events to communities across BC. There are also lots of independent events taking place all over BC like skiing, festivals and entertainment. You can find events in your area here.

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Launch Of New Insurance Diploma Program

Starting in the spring of 2017, triOS College Business Technology Healthcare will be introducing a new Insurance diploma program and an Insurance Specialist diploma program.

This program is designed to address the huge need for individuals to replace a retiring workforce in the insurance industry, with a sole focus on property and casualty insurance. Graduates of this program will be able to pursue positions at insurance brokers, who play a key role in the communication between the carriers that provide insurance and the public who require it.

“Companies need people who have the specific skills that belong to their industry,” says Frank Gerencser, CEO of triOS Corporation. “The goal of this program is to give students all the insurance specific skills that they need, as well as the workplace expertise that will help them succeed.”

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ILScorp Offices Closed During Holiday Season 2016

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

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… 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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Characteristics of Insurance and Other Contracts

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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