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In the interest of fairness, transparency, and to expedite the application process, the Councils provide the following examples of other occupations which may present a conflict of interest while acting as an insurance agent, or may present an opportunity to exercise undue influence in order to secure or direct insurance business.
The purpose of this course is to provide background and specific details relating to the Direct Compensation for Property Damage (DCPD) changes that will impact Alberta automobile policies as of January 1, 2022. This goal is addressed through a comprehensive review of the previous regulation changes, the upcoming legislative changes, and a discussion of what DCPD will mean for drivers.
The deadline for ChAD PDU requirements is Friday December 31, 2021. As we quickly approach the ChAD deadline, many of our ILScorp ChAD subscribers are wondering why their completed ChAD PDUs are not showing in their PDU File on the Chambre de l’assurance dommages website.
Your completed PDUs will not show immediately on the ChAD website as they are updated on a bi-monthly basis. LScorp enters the completed courses on the Chambre’s site on the 16th for courses completed from the 1-15th of the month and on the 1st for courses completed on the 16-31 of the previous month. Please allow a few business days for all the courses to be entered.
More and more Canadian businesses are asking their employees to work from home during the COVID-19 pandemic. Many insurance brokers are now working remotely and companies are struggling with how to meet the continuing education requirements for this year’s insurance licensing renewal.
All General Insurance Licensed RIBO registered individuals must comply with annual continuing education requirements established by the RIBO Qualification and Registration Committee. ILScorp offers RIBO accredited courses in one simple subscription to satisfy your 2021 requirements. All courses are completed online and the subscription includes recognized RIBO Ethics CE, Management, Technical and Personal Skills.
Happy BC Day British Columbians!
ILScorp offices will be closed Monday August 2, 2021 to celebrate BC Day. Our offices will be open on Tuesday August 3. Enjoy the holiday with 8 FUN FACTS ABOUT BC!
1. All of the grey squirrels in Stanley Park today are descended from eight pairs of grey squirrels given to Vancouver by New York City in 1909.
2. The Jolly Jumper baby seat was patented in B.C. in 1957 and manufactured in North Vancouver. Susan Olivia Poole and her son, Joseph Poole, designed the seat to be suspended from the ceiling by a harness, allowing children to bounce and swing without parental help.
3. One of the oldest known western red cedars, the Hanging Garden Tree on Meares Island near Tofino, is estimated to be between 1,500 and 2,000 years old.
Effective May 17, 2021, new Alberta Level 1 General Insurance examinations will be introduced. In conjunction with the introduction of new examinations, the rewrite rules will be reset. This means that any student who has written and failed a General Level 1 examination prior to May 17, 2021 will not be subject to a waiting period in order to challenge the examination again.
Your chances of being audited are high if you leave your CE to the last minute!
Did you know that the insurance councils of Alberta will audit licensees who complete their CE at, or near, the end of the renewal deadline? So, If you leave your continuing education completion to the last minute, you’re likely to be audited.
When do you need your CE credits by? Life and Accident & Sickness insurance agents, General insurance agents and Adjusters in Alberta are required to complete in each certificate term at least 15 hours of approved continuing education courses. A “certificate term” means the period beginning on July 1 and ending on the next June 30.
In our last blog we provided an overview of the Utilitarian/Utility value/motivation. A recap for this value is that people with higher scores are driven by opportunities that have practical results, maximizing both efficiency and returns for their investments of time, money, talent, energy and resources. Let’s learn about the third value/motivation, Aesthetic/Surroundings.