ILScorp BlogThe latest and greatest info from ILScorp!
1 hour minimum of RIBO Ethics CE. Your total number of required RIBO continuing education hours has not changed, but the new category of Ethics is now in effect. ILScorp has launched a new online course to meet your RIBO Ethics continuing education requirements.
Ethics training is important and can have an impact on business, reputation, and daily office morale. You cannot afford to leave ethical decision making to chance, as one hasty action or decision by a licensee can harm an entire organization.These courses discuss professional codes of conduct, with dilemma or scenario-based examples so licensees may spot issues and make the right choices. The aim is to help licensees make sense of what might seem like a convoluted situation and determine the ethical choice.
Family Day reminds us all to focus our thoughts, energies and time to those closest to us…
the members of our own families. Throughout our busy lives filled with learning and working, it is easy to allow ourselves to lose sight of what should always be most important – our family. We wish all of you and the members of your families a happy, memorable, and safe Family Day! Enjoy the opportunity to share some quality time together.
ILScorp offices are closed Monday February 18, 2019. If you require assistance during this time, please call us and leave a detailed voicemail message or email firstname.lastname@example.org.
We will reopen for business on Tuesday, February 19 at 8:30am PST.
What are the educational requirements to become a general insurance agent? To become licensed as a general insurance agent, the applicant must successfully pass the qualifying examination for general insurance. Examination results are valid for one year and must be forwarded to Financial Services Commission of Ontario (FSCO) when applying. FSCO does not conduct the examinations. General agents are exempt if they have a Chartered Insurance Professional (CIP) designation or successfully passed the equivalent RIBO exam.
Most of our insurance education focuses on improving product knowledge and developing our technical skills. And there’s nothing wrong with that. However, more emphasis has been placed on discussing the ethical decisions that insurance professionals have to make daily in their dealings with other industry staff, their clients and the insurance companies they represent.
We work in a society where people pay us for the advice and products we provide to them. They expect us to be fair, honest, trustworthy, and loyal and all the other things they value in their insurance professional. If we breach any of these ethical values, they may well perceive us as being unethical in our dealings with them.
The new license year of Oct 01, 2018 to September 30, 2019, brings new continuing education requirements for general insurance licensed individuals in Ontario. The total number of required CE hours has not changed however a new category, Ethics, has been introduced and licensees must complete a minimum of 1 hour in this category per term.
ILScorp has developed a course that is RIBO approved for 1 CE in the new Ethics Category: Making the Right Ethical Decisions. This course is now available to all ILScorp General CE Subscribers!
On November 1, 2018, new provisions in the Personal Information Protection and Electronic Documents Act (PIPEDA) related to breach of security safeguards came into force, along with breach of security safeguards regulations.
A privacy breach is the loss of, unauthorized access to, or disclosure of, personal information. Breaches can happen when personal information is stolen, lost or mistakenly shared.
Businesses subject to PIPEDA have certain obligations following a breach. These may include reporting to the Office of the Privacy Commissioner of Canada, notifying affected individuals and keeping certain records of privacy breaches.
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;
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