ILScorp Blog

The latest and greatest info from ILScorp!

Continuing Education Requirements for a Life and/or Accident and Sickness Licensee in Saskatchewan

Continuing Education Requirements for a Life and/or Accident and Sickness Licensee in Saskatchewan. Licensees are required to earn a minimum of fifteen credit hours of continuing education in each annual reporting period. Only credit hours earned in a reporting period are eligible unless written consent is provided by Saskatchewan Insurance Council. Failure to comply with the continuing education requirements shall result in a suspension of licence until the licensee has earned the required continuing education credit hours. Definition of Continuing Education. Only courses that provide technical education are considered to qualify as continuing education including courses that directly relate to: Life or accident and sickness insurance products;

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ILScorp Offices Are Closed for Remembrance Day

The ILScorp offices will be closed Monday, November 12th in recognition of Remembrance Day.

Remembrance Day marks the anniversary of the official end of the World War I hostilities on November 11, 1918.

Take the time to remember and honour those who have, and who continue to, make sacrifices for our country.

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

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Important message about potential Canada Post work stoppage

At ILScorp we are committed to providing you with the best customer experience – and that begins with keeping you informed.
Canada Post postal workers across the country continue to carry out rotating strikes.
These labour disruptions may impact payments sent to ILScorp via mail.
Below is some important information that will help you stay informed of your group member charges and avoid late payment fees:
You can pay your ILS Group Member invoice, and all other invoices via credit card, by calling the ILScorp offices @ 1.800.404.2211 and speaking directly with one of our friendly customer service representatives.
You can also pay your ILS Group Member invoice, and all other invoices via cheque sent through ICS Courier or an alternate courier of your choice.

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Difference between Insurance Agents and Brokers

The Role of Insurance Agents and Brokers in the Distribution of Insurance Products.
Insurance agents are intermediaries between the applicant for insurance and the insurance company. They are not a party to the insurance contract. An insurance agent represents the insurance company in dealings with a third party. Example: The XYZ Insurance Company has entered into an Agency Agreement with Justin Case Agencies. All salespeople who work at Justin Case Agencies are considered to be

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Be Thankful You Work In Insurance

At the end of the day, the insurance industry provides people with opportunity. The opportunity to learn, grow and help others achieve their dreams. And, being in the business of helping people, is a great business to be in. Wishing you a Happy Thanksgiving from ILScorp!

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New Course for RIBO Management CE

New course, Financial Management of Brokerages Course, accredited for 2 RIBO Management CE. Financial management is the big-picture enterprise of which record-keeping is one significant activity. Overseeing the assets, liabilities, capital structure, income and expenses of the brokerage to support its profitability is the function of financial management. In order to produce the “numbers” that add up to success, managers must possess the skills to orchestrate all the elements that contribute to the financial picture.

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RIBO Monitoring and CE Compliance

Once you have completed your CE, do not send the continuing education certificates to RIBO. Each individual is responsible for their continuing education hours and certificates as the continuing education program is self-regulatory. It is recommended that each individual maintain a Continuing Education Record Sheet and folder to place the certificates received from seminar providers. There will be a question on the annual renewal form to declare compliance with the Continuing Education Program. For spot check purposes, continuing education certificates should be kept for 5 years to indicate compliance with the Continuing Education Program. The Principal Broker will be responsible for ensuring that licensed individuals comply with RIBO requirements.

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ILScorp Offices closed Monday for Labour Day

Why do they call it Labor Day? For many, Labour Day signals the end of summer, but Labour Day is an annual holiday to celebrate the achievements of workers. Labour Day has its origins in the labour union movement, specifically the eight-hour day movement, which advocated eight hours for work, eight hours for recreation, and eight hours for rest. Happy Labour Day Canada! ILScorp offices will be closed Monday September 4, 2017 to celebrate Labour Day. Our offices will be open on Tuesday September 5. Hope you had a great summer and enjoy the long weekend! Purchase or renew your CE Course Subscription to complete your mandatory CE requirements online now.

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