Jul 8, 2016 | News
At ILScorp we are committed to providing you with the best customer experience – and that begins with keeping you informed.
Canada Post is currently in negotiations with its union, which may result in a nationwide labour disruption in the next few days. This may impact payments sent to ILScorp via mail.
Below is some important information that will help you stay informed of your group member charges and avoid late payment fees:
You can pay your ILS Group Member invoice, and all other invoices via credit card, by calling the ILScorp offices @ 1.800.404.2211 and speaking directly with one of our friendly customer service representatives.
You can also pay your ILS Group Member, and all other invoices via cheque sent through ICS Courier or an alternate courier of your choice.
It’s important to note that you remain responsible for paying your bills on time even during the labour disruption. Thank you for using this information to avoid possible late payment charges.
In turn, ILScorp has been, and will continue to ship all ILS Textbooks through ICS Courier, to ensure our students receive their study material.
ILScorp
Jul 7, 2016 | News
ALBERTA STANDARD AUTOMOBILE FORM – TRANSPORTATION NETWORK SPF No 9
The Alberta Auto Essentials Course has just been added to all ILS General and Adjuster CE Course Subscribers. This brand new course is accredited for 4 CE credits in Alberta and takes you step by step through the major policy forms and applications for automobile insurance in the province of Alberta. The Alberta Auto essentials course includes the new form – SPF 9 – Transportation Network, which became effective July 1, 2016.
What exactly is the new SPF 9 form – Transportation Network all about?
Here are some SPF 9 policy definitions taken from the Alberta Auto Essentials Course
DEFINITIONS
(a) “transportation network” means any online enabled application, digital platform, software, website, or any other system offered, used or operated by a transportation network company and that is used by persons to prearrange the transportation of passenger(s) for compensation in a transportation network automobile.
(b) “transportation network automobile” means an automobile used to provide prearranged transportation of passenger(s) for compensation through the use of a transportation network.
(c) “transportation network company” means a corporation, partnership, sole proprietorship, association or other entity or individual that connects passenger(s) with transportation network drivers for prearranged transportation exclusively through the offering, use or operation of a transportation network.
(d) “transportation network driver” means a person authorized by a transportation network company to use a transportation network automobile to provide prearranged transportation of passenger(s) for compensation through the use of a transportation network.
(e) “transportation network automobile owner” means the owner of a transportation network automobile, or if the transportation network automobile is leased, the lessee and lessor of the transportation network automobile.
More Info on Alberta Auto Essentials Course
Jul 6, 2016 | News
ILScorp launches new Alberta Auto Essentials course to include the Alberta Standard Automobile Insurance Policy Form – TRANSPORTATION NETWORK SPF No 9.
Effective July 1, 2016.
The Alberta Auto Essentials Course has just been added to all ILS General and Adjuster CE Course Subscribers. This brand new course is accredited for 4 CE credits in Alberta and takes you step by step through the major policy forms and applications for automobile insurance in the province of Alberta.
With the new SPF 9 Policy form – Transportation network company means a corporation, partnership, sole proprietorship, association or other entity or individual that connects passenger(s) with transportation network drivers for prearranged transportation exclusively through the offering, use or operation of a transportation network.
SPF 9 is a purpose built form for very specialized coverage. Under the terms of the coverage there are 4 “USE PERIOD OF VEHICLE”.
These periods will determine the insurance policy in effect and claims reporting.
SPF 9 – Transportation Network Company Use Period Chart
This is just a brief introduction to the newest Alberta Standard Automobile Form – SPF 9 – Transportation Network, to learn more take the new Alberta Auto Essentials Course now as part of your ILScorp CE Subscription.
Topics covered in the course include:
- SPF 1 – Standard Automobile Policy
- SPF 4 – Garage Policy
- SPF 6 – Non Owned Vehicle
- SPF 9 – the newest form – Transportation Network
Applicable endorsements and application forms are also covered.
Jul 4, 2016 | News
Scheduled Coverage
Refers to policy on which coverage is provided only on that property which is specifically identified or scheduled
Property of Every Description
Refers to policy used to insure building, stock and equipment under a single limit of insurance
All Property (Blanket)
A policy under which all property owned by the insured is covered or “blanketed” by a single limit of insurance
Tenants Improvements
Building improvements, alterations and betterments made at the expense of or purchased by the insured to a building occupied by the insured and which are not otherwise insured, providing the insured is not the actual owner of the building
Actual Cash Value
The replacement or repair costs less depreciation
Replacement Value
Represents the costs to repair, replace or rebuild the lost or damaged property without deduction for depreciation
Reinsurance
Involves an insurer ceding part of the risk it has assumed to one or more other insurers
Subscription
An insurance policy under which a group of insurers has agreed to participate in providing policy insurance coverages
Condition
Something imposed by the insurer which requires the insured to do or not do to something
Subrogation
Refers to the right of the insurer to “step into the shoes” of the party whom it has compensated and sue any party whom the compensated party could have sued
Warranty
A promise that certain facts are as they are represented to be and that they will remain so
Material Fact
Facts which if communicated to the insurer would induce it either to decline the insurance altogether, or not accept it unless a higher premium is paid
Fraudulent
To act willfully, and with the specific intent to deceive or cheat
Void Contract
One which has no “legal or binding force” and as such, “is incapable of being enforced by law
Fire Resistive
Buildings which have met minimum standards in terms of hours it will withstand a specific, carefully controlled test fire
Non Combustible
All structural members, including floors, roofs, and their supports are constructed of steel, iron, concrete or other noncombustible materials. Falls just short of fire resistive
Common Hazards
Conditions common to all buildings which influence their potential for loss
Detachment
Refers to the proximity of the building insured or containing the property insured to other commercially rated buildings
Adverse Selection
Occurs when the applicants for insurance are largely those most likely to suffer a loss
Risk Classification
Refers to the grouping or classifying of risks according to established criteria which, in large part, is based on their probability for loss as a class
Soft Market
Characterized by intense competition between insurers resulting in low rates and broader coverages
Hard Market
Occurs when low profit margins force out some of the competition resulting in a more disciplined underwriting approach where insureds receive little or nothing in rate discounts
Hazard
A condition which may cause a peril to occur
Physical Hazard
Conditions relating to the use of tangible property which could cause a peril to occur
Moral Hazard
Subjective characteristics of the applicant that could cause a peril to occur
Accommodation Business
Business which is marginal or substandard but which the insurer agrees to accept as a favor or accommodation to the broker
Supporting Business
Existence of other insurance policies the applicant has with the same insurer
Vacant
Empty, or when the normal occupant is absent and the contents have been removed
Unoccupied
Lack of habitual presence of human beings, or then premises are complete with its contents, except that such person who normally occupies the premises is temporarily away
Loading
An additional rate charged over and above the fire rate
Centrifugal Force
The inertia of a body that tends to move it away from the center around which it revolves
Mechanical Breakdown
A failure in the working mechanism of the machinery…a functional defect in the moving parts of the equipment which causes the latter to cease function or to function improperly
Electrical Breakdown
Failure in the electrical mechanism of the machinery, appliance or device
Trade Losses
Types of losses which might be expected as a part of the every day operation of a business
Wear and Tear
Deterioration or depreciation in value by ordinary and reasonable use of the subject matter
Gradual Deterioration
Deterioration of an object which arises naturally over time
Latent Defect
Hidden or concealed defect. One which could not be discovered by reasonable and customary inspection. A defect not apparent on the face of the goods
Inherent Vice
Something within a commodity, or other kind of property, that causes its demise over time
Mysterious Disappearance
Disappearance under circumstances which cannot be explained
Endorsement
Changes the terms or conditions of the policy
Jul 2, 2016 | News
We advise our brokerages that ILScorp is on the ICS Courier route. ICS is Canada’s Business-to-Business Courier, more information can be found here.
All business payments can be forwarded via ICS or can be made by calling ILScorp and paying via credit card at 1.800.404.2211.
Jun 29, 2016 | News
The June 30 CE Credit Deadline is here!
Don’t panic just yet.
ILScorp has REAL PEOPLE standing by to help you meet your requirements.
Chat with us live on our website:ilscorp.com.
Email us: info@ilscorp.com or call us 1-800-404-2211 and get your CE done today!
Get online and get to work!
CE with ILScorp is Fast, Easy and DONE!
Accredited Continuing Education courses for General Insurance 
Access over 180 accredited general insurance training courses in both text and streaming video formats, including personal lines, commercial lines, auto, farm, professional management and personal skills courses.
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Accredited Continuing Education courses for Adjusters
Access numerous adjuster specific accredited courses plus general insurance training courses in both text and streaming video formats including a 3-part Adjusters Privacy Compliance Program.
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Accredited Continuing Education courses Life/A&S 
Access over 70 accredited Life/A&S insurance training courses in both text and streaming video formats including errors & omissions insurance, money management planning process and insurance and estate planning.
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Advantages of the ILS continuing education course subscriptions:
- Once you purchase your subscription, you can begin taking your courses immediately! If you are a new subscriber, you will receive an automated username and password by email.
- Access more than 180 accredited general insurance training courses in both text and streaming video formats, including personal lines, commercial lines, auto, farm, professional management and personal skills courses.
- Access more than 75 accredited life/A&S insurance training courses in both text and streaming video formats including errors & omissions insurance, money management planning process and insurance and estate planning.
- Have a digital record of your completed course work, which we keep on file for up to seven years.
- Save time by completing your general insurance continuing education requirements entirely online, no paperwork or commute.
- Courses can be accessed any time and you can log in and log out as many times as you wish during the course period.
- Quizzes and Final exams are offered in most of our courses to help you retain the information.
- Should you require any assistance at any time during your course work, we are here to support you 5 days a week, 0800 – 1700 PST.
Join the more than 22,000 Canadian insurance professionals who develop their skills with ILScorp each year!
