Office Closure Monday September 19, 2022

Sep 14, 2022 | News

In honour of more than 70 years of service and dedication to the people of the province, the Government of BC is declaring Monday, September 19, 2022, as a day to honour the memory of Her late Majesty, Queen Elizabeth II.

On this day, provincial government offices, schools and other entities will be closed. In observance of the national day of mourning to mark the Queen’s passing, ILScorp offices will also be closed on Monday September 19^th, 2022.

Thank you

ILScorp

2022 License Renewals – Deadline June 30th

Jun 28, 2022 | News

All Alberta certificates of authority must be renewed no later than June 30. If you don’t renew your certificates on or before June 30 you will have to complete a new license application.

If I do not renew my Alberta License on-line by June 30th, is there a grace period or can I pay a late penalty/filing fee?

There is no “grace period.” Once your certificate has expired automatically on June 30, you are no longer authorized to act as an insurance agent/adjuster until a certificate has been issued. You will be required to submit a new on-line application that is approved by your recommending insurance company or Designated Representative (as applicable), and submit it with the appropriate fee payment.

I just received my first license earlier this year. Why do I have to pay again to renew my license with the Alberta Insurance Council?

The expiry dates of certificates is set out in Regulation. All certificates issued prior to May 1 expire automatically by the upcoming June 30 and must be renewed prior to that date. Certificates issued on or after May 1 will expire on June 30 of the following year. If your first license was issued on April 1, you will not be required to complete a CE requirement until you renew your certificate in the following year.

I am a non-resident agent/adjuster. Do I have to satisfy CE requirements in Alberta to renew my license?

If you currently hold a license in your resident jurisdiction for the same class of insurance license that you hold in Alberta and if you have satisfied the CE requirement in your resident jurisdiction for which you are not exempt, you will have satisfied Alberta’s CE. You will be required to report your non-resident license number on the CE status page to receive the CE exemption. A list of jurisdictions that have been determined to have a satisfactory CE requirement is posted on the AIC web site. If your jurisdiction is not listed, then you must satisfy Alberta’s CE requirement of completing 15 hours of approved courses CE per year.

Jobs that may conflict with getting your insurance license.

Jan 19, 2022 | News

NOTICE TO THE PROFESSION AND THE PUBLIC POTENTIAL OCCUPATIONS AT CONFLICT WITH DUTIES OF AN INSURANCE INTERMEDIARY – FROM THE ALBERTA INSURANCE COUNCIL

In the interest of fairness, transparency, and to expedite the application process, the Councils provide the following examples of other occupations which may present a conflict of interest while acting as an insurance agent, or may present an opportunity to exercise undue influence in order to secure or direct insurance business.

In response to the increased number of applications to receive, renew, reinstate or retain certificates of authority (colloquially referred to as insurance “licenses”) the Life Insurance Council (LIC), the General Insurance Council (GIC) (collectively referred to herein as the “Councils”) and the Alberta Insurance Council (AIC) issue the following Notice to the Profession and the Public.

BACKGROUND
The current Insurance Agents and Adjusters Regulation1 provides the following:

• Insurance agents the individual must not be in a position to use coercion or undue influence in order to control, direct or secure insurance business
• the individual must not be engaged in another occupation or business that would place the individual in a conflict of interest position when acting as an insurance agent.
  

The following occupations may prevent an applicant from receiving, renewing, reinstating or retaining a certificate of authority due to a potential conflict of interest, or due to the potential of undue influence, coercion or control in order to secure or direct insurance business:

Government Employees (federal, provincial, and local municipalities);

Politicians and Legislators;

Religious and Spiritual Leaders;

Members of the Judiciary, lawyers and members of the Law Society of Alberta (or other legal societies within Canada);

Law Enforcement Employees; RCMP, municipal police, penitentiary staff, probation officers, behavioral correctional staff (remand centers etc.), youth justice workers, and investigators;

Members of an arbitrative administrative law panel (on matters of appeals or eligibility);

Physicians, psychiatrists, psychologists, counsellors, mediators, social workers, therapists, mental health clinicians and the staff who support them;

Medical examiners, crisis intervention workers, registered nurses (“RNs”), front-line nurses, residential care workers, out-patient support, rehabilitative and palliative care workers;

Employees of outreach, public access or charitable programs (both private and public) who assist a vulnerable sector of the public;

Maintenance enforcement workers, bailiffs, collections staff, or pawnbrokers;

Corporate franchise tax preparers;

Immigrant and new-comer support workers (private or public); and

Volunteer workers in any of the above fields.

These professions are provided as a guideline, only. Click here to view the full notice document.

Even if your business activities are not on the List of Other Employment and Business Activities Considered by Council, use discretion to ensure they do not have the potential to create a conflict of interest. Review your Provincial Insurance Council Code of Conduct’s Conflict of Interest Guidelines periodically on how to plan for and address situations when a conflict of interest arises, and how to manage or avoid such conflicts.

CONFLICT OF INTEREST BRITISH COLUMBIA

CONFLICT OF INTEREST MANITOBA

CONFLICT OF INTEREST SASKATCHEWAN