BRITISH
COLUMBIA Insurance CE Requirements
Continuing
Education Hours
For each license year, or portion thereof:
·
If
you have an approved designation* you must have 5 technical hours of continuing
education; or
·
If
you have been licensed as a life insurance agent for at least 5 of the last 7
years in Canadian jurisdiction, and you do not have an approved designation you
must have 10 technical hours of continuing education; or
·
If
you have not been licensed as a life insurance agent for at least 5 or the last
7 years in a Canadian jurisdiction and you do not have an approved designation
you must have 15 technical hours of continuing education.
*Approved
Designations: CFP, CLU, RHU, FCIA, FLMI and CEBS. Designation form other
countries will be considered where it is demonstrated to Council they are
equivalent to one of the approved Canadian designations.
Note:
Some designations (CLU, FCIA and CFP) require the holder to keep the
designation in good standing by completing continuing education each year. If
you hold a designation and can demonstrate to Council your designation is in
good standing, you are "exempt" from Council's continuing education
requirements.
Continuing
Education Compliance and Renewal Dates
License issuance date annually.
Type
of courses accepted for CE Credit
Continuing Education courses can be classroom, online and/or self study.
Course
Subject Requirements
Only
technical material will qualify for continuing education. Technical education
directly relates to:
·
life
insurance products;
·
financial
planning, provided the education is geared to life insurance and not a
non-insurance sector, such as securities or mutual funds;
·
compliance
with insurance legislation and requirements such Council's Code of Conduct,
Council Rules, the Insurance Act, privacy legislation, anti-terrorism/money
laundering legislation;
·
ethics;
or
·
errors
and omissions
Carryover
Requirements
Commencing
01JUNE2008, excess credits cannot be carried over into the next license period.
Course
Repetition
Credit
will not be given for courses taken more than once in each reporting period,
but courses may be repeated in a new license cycle.
Insurance
CE Course Exam
Final exam is open book and does not require a monitor.
Requirements
to Maintain Records
Agents are required to keep their continuing education certificate for five
years from the renewal date the course is completed. Random audits are
conducted. If the agent does not have the supporting documentation, Council may
take disciplinary action, including invalidating the licence renewal.
Further information can be obtained at
www.insurancecouncilofbc.com/publicweb/CED_MaintainingRecords.html
Non-Residents
CE Requirements
If you are a non-resident of British Columbia, you must meet the same
requirements as a resident, with some exceptions and additions.
For
Additional Information please Contact:
Insurance
Council of British Columbia
300 - 1040 Georgia Street West,
P.O. Box 7
Vancouver BC V6E 4H1
PH: 604 688-0321
PH: 1-877-688-0321 (toll-free in B.C.)
Fax: 604 662-7767
Email:
info@insurancecouncilofbc.com
Website:
http://www.insurancecouncilofbc.com
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
Website:
www.advocis.ca