ALBERTA Insurance CE Requirements
Continuing Education
Hours
All certificates holders will be required to have 15 hours of credits annually.
Agents
who become licensed for the first time in the first nine months of any
certificate term are required to obtain CE credits. The number of hours
required is calculated on a pro-rated basis (1.25/licensed month) in accordance
with a formula established by the regulation. Agents who become licensed in the
final three months of a certificate term are not required to obtain credits for
that year only.
Continuing
Education Compliance and Renewal Date
The
requirements for the reporting of continuing education credits has been amended
to coincide with the following renewal dates:
Insurance Adjusters – June 30, 2014
General Insurance Agents – June 30, 2014
Life and Accident and Sickness Insurance Agents – June 30, 2014
Effective July 1, 2014, certificate term means the period
beginning on July 1 and ending on next June 30.
The
Alberta Insurance Council (AIC) will conduct random audits to determine that
certificate holders are in compliance with these requirements. All Certificate
holders must retain copies of their CE certificates.
Type
of courses accepted for CE Credit
Level
1 Life agents are ONLY allowed to take portions of the LLQP (15 hours)to
satisfy your continuing education requirements. Continuing education
credits from other sources will not be accepted. In addition, you must also
complete 15 hours to satisfy your A&S license. These courses must be
approved by the Alberta Insurance Council.
Level
2/LLQP Certificate Holders, CE may be satisfied by completing any course which
has been approved by the AIC.
Please
refer to each course for specific accreditation
Carryover
Requirements
Producers
may carry forward up to 7.5 hours of credit from one term to the next.
Course
Repetition
Courses cannot be repeated unless the content has been updated from the time
the agent completed the course originally.
Insurance
CE Course Exam
Course
exam is open book and does not require a monitor.
Requirements
to Maintain Records
An individual who holds a certificate of authority must keep a record issued by
a continuing education provider respecting the continuing education courses
completed by the individual during that certificate term.
The records must be kept for a period of 3 years following the expiry of the
certificate term and must be provided to the Minister upon request.
If the individual does not provide the records within 30 days after receiving a
request from the Minister, the certificate of authority is suspended until the
demand is complied with.
The Alberta Insurance Council is implementing a mandatory on-line renewal
system. Certificate(s) may be renewed online at the AIC website
www.abcouncil.ab.ca
. Agents and adjusters will not be permitted to
renew their certificate unless sufficient CE credits have been entered
online.
Non-Resident
Agents and Adjusters
Non-resident agents and adjusters are not required to complete Alberta
continuing education requirements if the Minister is satisfied that the
non-residents home jurisdiction has a satisfactory continuing education
requirement for each class of Alberta certificate of authority that the
non-resident holds, and the agent /adjuster has taken the necessary course(s)
to meet those requirements.
Non-resident
agents/adjusters must have completed the continuing education requirements of
their home jurisdiction to be exempt from the Alberta requirement, completing
continuing education requirements in another jurisdiction where the
agent/adjuster holds a non-resident certificate does not exempt the holder from
the Alberta requirements.
The
following non-resident jurisdictions have been determined to have a
satisfactory continuing education requirement: British Columbia, Saskatchewan,
Manitoba, Ontario (RIBO, General), Ontario (FSCO, Life and A&S Only),
Quebec, New York, Ohio, Nevada, Michigan, Colorado, Kansas, Missouri,
Washington State and Illinois. This is to say that an agent who has satisfied
the requirements for these classes of certificate(s) only would be accepted.
For
Additional Information please Contact:
Alberta
Insurance Council
901 Toronto Dominium Tower,
10088-102 Avenue
Edmonton, Alberta, T5J 2Z1
PH: 780-421-4148
Fax: 780-425-5745
Email:
info@abcouncil.ab.ca
Website:
http://www.abcouncil.ab.ca
or
Tom Hampton, Chief Operating Officer
Suite 500, 222 58th Avenue SW
Calgary, Alberta
T2H 2S3
1-403-233-2929
1-800-461-3367
http://www.finance.alberta.ca
ADVOCIS (formerly CAIFA) Requirements
Continuing
Education Hours
Continuing
Education (CE) is mandatory for all Advocis members. Members are required to
earn a minimum of 30 CE credits each calendar year. Each hour of CE credit
approved by Advocis qualifies for CE credit. Any deficiency in one year must be
made up by the next year in addition to the full year's requirement. As it is a
membership requirement to earn CE credits, those in non-compliance will be
subject to sanctions.
-
a minimum of 15 hours of structured
learning activity in the form of CE programs. One CE credit equals one
hour of structured learning activity.
-
Informal learning activities — a maximum
of 15 hours of informal activity determined by the member as contributing
to his or her ongoing professional development such as:
teaching/presenting, research/writing articles, self-study, and
participation on industry task forces/committees.
For Additional Information please contact:
390
Queens Quay West, Ste. 209
Toronto, ON, M5V 3A2
Tel: 416 444-5251
Toll Free: 1-800-563-5822
Fax: 416 444-8031
E-mail:
info@advocis.ca
Web site:
www.advocis.ca