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1. www.insurancecouncilofbc.com › licence-statusLicence Status - Insurance Council of British Columbia

   www.insurancecouncilofbc.com › licence-status

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   An insurance licence can have a status of ‘Active,’ ‘Inactive,’ or ‘Cancelled.’. You can verify the status of a licence using the Licensee Directory. Each licence status has requirements and restrictions that licensees must abide by. These are listed below. Find out more about the following status types and requirements: For a quick ...

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     Your insurance licensee resources include compliance...

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     Responsibilities in the Distribution of Life Insurance in...

2. www.insurancecouncilofbc.com › Website › mediaQ&A | Guidelines for Life Insurance Agencies: Role and ...

   www.insurancecouncilofbc.com › Website › media

   Responsibilities in the Distribution of Life Insurance in British Columbia. V.1.1 – Updated March 29, 2023. The new . Guidelines for Life Insurance Agencies: Role and Responsibilities in the Distribution of Life . Insurance in British Columbia . came into effect April 8, 2022 for all life and/or accident & sickness insurance agencies.

3. www.insurancecouncilofbc.comInsurance Council of British Columbia│Home

   www.insurancecouncilofbc.com

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   Welcome to the Insurance Council of BC. The Insurance Council of British Columbia regulates and licenses life and general insurance agents, salespersons, and adjusters. We protect the public by ensuring that licensees act ethically, with integrity and competence. Learn More.

4. www.bclaws.gov.bc.ca › civix › documentInsurance Licensing Exemptions Regulation - BC Laws

   www.bclaws.gov.bc.ca › civix › document

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   Exemption from section 180 (1) of the Act. 6 (1) Section 180 (1) of the Act does not apply to a person who. (a) does not act for compensation or in hope or for the promise of it, (b) is employed as an expert by an insurance adjuster to make an appraisal or adjustment in a special case, (c) is a solicitor or an employee of one in the solicitor's ...

5. ibabc.org › LicensingDesignationsLicensing & Designations - IBABC

   ibabc.org › LicensingDesignations

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   An insurance designation helps you advance in your career, and ultimately your earning power. A supervisory role within a brokerage requires a Level 2 license, for example. Insurance designations are the gateway to furthering your career aspirations in the industry. In addition, an approved designation lets you to meet your licensing ...

6. www.bclaws.gov.bc.ca › civix › documentInsurance Act - BC Laws

   www.bclaws.gov.bc.ca › civix › document

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   26 (1) On request, the insurer must furnish to the insured a copy of. (a) the insured's application or proposal for insurance, and. (b) the insured's policy. (2) An insurer may charge a reasonable fee to cover its expenses in furnishing copies of a policy other than the first copy. Insurer to furnish forms.

7. People also ask

   Do life insurance agencies need a licence in BC?

   • A: Yes, all life insurance agencies require a licence in BC. Agencies must comply with the Insurance Council’s licensing requirements, which includes but are not limited to: maintaining errors and omissions insurance, complying with the Insurance Council Rules and Code of Conduct, and submitting an annual licence renewal.

   Q&A | Guidelines for Life Insurance Agencies: Role and Responsibilities

   www.insurancecouncilofbc.com/Website/media/Shared/Licensee Resources/Guidelines/QA-Life-Agency-Guidelines.pdf

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   What happens if my insurance licence status is cancelled?

   • An individual whose licence status is cancelled is not authorized to conduct insurance business or act as an insurance agent. They no longer hold an insurance licence in BC and cannot act as an insurance agent. A licence can be c ancelled in one of two ways: The licensee does not complete their annual licence renewal.

   Licence Status - Insurance Council of British Columbia

   www.insurancecouncilofbc.com/licensee-resources/licence-status/

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   Can a former licensee reapply for insurance in BC?

   • The licensee does not complete their annual licence renewal. Former licensees wishing to reinstate a c ancelled licence may reapply for licensure. If a former licensee reapplies within two years of holding an insurance licence in BC, they may be exempt from re-taking qualifying education if they meet the requirements of the Reinstatement Provision.

   Licence Status - Insurance Council of British Columbia

   www.insurancecouncilofbc.com/licensee-resources/licence-status/

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   What is the status of an insurance licence?

   • An insurance licence can have a status of ‘Active,’ ‘Inactive,’ or ‘Cancelled.’ You can verify the status of a licence using the Licensee Directory. Each licence status has requirements and restrictions that licensees must abide by. These are listed below. Find out more about the following status types and requirements:

   Licence Status - Insurance Council of British Columbia

   www.insurancecouncilofbc.com/licensee-resources/licence-status/

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   Can a licensee conduct insurance business in British Columbia?

   • Licensees with an Active licence may conduct insurance business in British Columbia. Licensees with an Inactive licence may not conduct insurance business or act as an insurance agent. These licensees are required to: A licence can become inactive in one of two ways:

   Licence Status - Insurance Council of British Columbia

   www.insurancecouncilofbc.com/licensee-resources/licence-status/

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   What does the Insurance Council of British Columbia do?

   • The Insurance Council of British Columbia regulates and licenses life and general insurance agents, salespersons, and adjusters. We protect the public by ensuring that licensees act ethically, with integrity and competence. Find information about insurance licences for salespersons, agents, or adjusters, or agency/firm licences.

   Insurance Council of British Columbia│Home

   www.insurancecouncilofbc.com/

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8. www.insuranceinstitute.ca › en › LicensingInsurance Licensing - Insurance Institute

   www.insuranceinstitute.ca › en › Licensing

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   How insurance licensing works in Canada. Insurance is regulated at both the federal and provincial level in this country. The federal level is focused on ensuring the financial stability of insurance companies, and the provincial level deals with the licensing of individuals. Each province and territory has its own insurance regulator.