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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 ...
- Continuing Education
Your insurance licensee resources include compliance...
- Continuing Education
Criminal record checks must accompany applications for licensing, where the applicant: Has never previously held a general, life, accident and sickness, or adjuster licence with the Insurance Council of BC; or. Has not within the past 2 years held a general, life, accident and sickness, or adjuster licence with the Insurance Council of BC.
Oct 24, 2018 · Submit a licence application, including: Proof of completion of the required education and experience requirements. Criminal Record Check (if applicable to licence class/type) Copy of E&O insurance certificate from your insurer or completed Confirmation of E&O Insurance Form *. Application fee.
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.
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 ...
Becoming a licensed life insurance agent in British Columbia is a rewarding career path that involves a structured process to ensure agents are well-prepared and compliant with regulatory standards. This comprehensive guide will provide detailed information on how to qualify and apply for an individual life insurance agent licence, the necessary education prerequisites, and the
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Duties of life insurance agent licensees. 3 (1) If an insured requests or makes an application for a replacement of a contract of life insurance that, in the opinion of an insurer or a life insurance agent licensee, would be detrimental to the insured's interests, the insurer or life insurance agent licensee must advise the insured of the advantages and disadvantages to the insured that would ...
