ILScorp BlogThe latest and greatest info from ILScorp!
As a RIBO licensee you need 1 Hour of RIBO Ethics CE by September 30, 2019, and then a new hour of Ethics CE every year between October 1st and September 30th. ILScorp has your RIBO requirements for 2019 covered with the online course Making the Right Ethical Decisions, and we will be adding new RIBO Ethics CE courses each year.
All provincial insurance councils have regulations that require licensees to maintain continuing education records. Random audits can be conducted at anytime and if you do not have the supporting documentation, Council may take disciplinary action, including invalidating your license renewal. With ILScorp online courses, once you successfully complete a course, you can view and print your CE certificates immediately and anytime after! ILScorp keeps your completed course history on file for up to 7 years in case of audit. Here’s how to view and print your CE Certificates.
To continue to provide the highest quality continuing education (CE) for insurance professionals in Alberta, the Alberta Accreditation Committee (AAC) has determined that CE without expiry dates and those accredited for longer than three years, will be phased out and no longer be accredited for CE purposes. This ensures that all CE offered aligns to current market conditions and trends.
What are technical CE credits? If you are a Level 1 or Level 2 licensee, the only qualifying insurance continuing education is technical material directly related to General insurance products, compliance with insurance legislation and licensee requirements such as council Rules, Council’s Code of Conduct, the Insurance Act, and privacy legislation.
Don’t leave the entry of your completed Manitoba Continuing Education credits until the last minute. Enter credits upon completion and allow the Insurance Council of Manitoba’s on-line CE system to to track how many CE credits you have completed, remind/inform you of how many more credits are required to renew your license and simplify your on-line renewal.
Whether you’re new to the insurance industry or are an experienced veteran, its critical to understand how continuing education (CE) requirements work. Basically, your CE credits, or lack thereof, have a major impact on whether you’re able to keep your RIBO license and make a living from insurance or not. The consequences for non-compliance and neglecting to keep your RIBO CE credits up to date can be disastrous!
All ILScorp ChAD PDU Subscribers now have access to 2 new ChAD Compliance courses. These courses invite you to have a close look at the Quebec insurance act entitled the Act Respecting the Distribution of Financial Products and Services. The objective of these courses is to assist you in using the Act itself as a reference when you need it.
New Cyber Insurance Course now available to all ILScorp General CE and Adjuster CE Subscribers. During this online course we will begin by discussing recent changes made to the Personal Information Protection Electronic and Documents Act. This is a natural spring board when discussing cyber insurance with clients. Next, we will briefly look at today’s cyber insurance market place to review common challenges. Then we will roll up our sleeves and get into the actual coverage forms most common in our market.
RIBO Continuing education requirements vary by license and experience. All licensees must complete a minimum of 1 hour in the RIBO Ethics CE category, Principal brokers and deputy principal brokers can not submit RIBO Personal Skills CE, must complete a minimum of 5 hours in the RIBO Management CE Category.