Apr 16, 2014 | News
BC Insurance agents – your CE deadline is coming up on May 31, and the BC Insurance Council wants to make you aware of a number of key points about your continuing education requirements.
In an email sent out last Friday, the council strongly recommends that you review the CE section on Council’s website to ensure you are aware of your responsibilities, as it appears there are common misconceptions on the CE requirements.
Some key points from their email:
- Your licence year runs from June 1 to May 31.
- You must complete CE for each year licensed, including your first year, regardless of when you obtained your licence. The CE for your first year must be completed at the time of your first annual filing. As an example, if your first licence was effective March 15, 2013, the next filing date is June 1, 2014. For your June 1, 2014 filing you will be required to have two full years of CE credits; one for your March 15, 2013 to May 31, 2013 licence year and one for your June 1, 2013 to May 31, 2014 licence year.
- If you have been licensed for any part of a licence year (active or inactive), you must complete the full CE requirement for that year.
- There is no carry-forward of credits.
- The LLQP course and exam taken to qualify for your life licence do not qualify for CE.
- Courses taken prior to obtaining your licence do not qualify for CE.
This is not all of the information you require to meet your CE obligations. The insurance council urges you to read the entire section on your CE responsibilities, including how to determine if a course qualifies, the number of hours needed, and what information you need to maintain on file for a CE audit.
ILScorp is here to help if you still need to complete your CE hours. Subscribe today to our General Insurance Course Catalog and enjoy these benefits:
- access to 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.
- save money compared to purchasing individual courses.
- 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.
Enjoy the same benefits with our Life/A&S course subscriptions, which offers more than 75 courses.
Buy online today or call us at 1-800-404-2211 with any questions!
According to the email from the insurance council, Council has increased the number of CE audits it conducts and has been disciplining licensees found to be in breach of this licence condition. In its reviews, Council has typically not accepted a licensee’s lack of knowledge regarding their responsibilities as a defence. Remember it is your responsibility to understand and meet your responsibilities as a licensee.
Mar 27, 2014 | News
Quebec agents – if you have not completed your ChAD professional development units, the March 31, 2014 deadline is just around the corner. The final push is now on, with only a few more days to complete your mandated hours!
As a Quebec licensed damage insurance agent, broker or claims adjuster, you must complete 20 hours (PDUs) of training per two-year compliance period. ILScorp’s ChAD Subscription offers unlimited access to our accredited ChAD courses (over 100 credits) for six months for only $185.
With the ChAD Accredited Online Courses Subscription you will:
- have 6 months access to over 77 accredited ChAD insurance training courses in both text and streaming video formats
- access over 100 PDUs in the categories administration and insurance techniques, professional development and professional compliance (all categories with the exception of Law and Legislation)
- save money compared to purchasing individual courses
- have a digital record of your completed course work, which we keep on file for up to seven years
- save time by completing your PDU requirements entirely online, no paperwork or commute
Are you not the only one in your office with hours to complete? If your brokerage has more than five people who need to complete their training, consider joining our ChAD Broker Network Program, and save $50 per person on a ChAD Subscription!
Join the more than 22,000 Canadian insurance professionals who develop their skills with ILScorp each year! Visit ILScorp.com today to get started, or call 1-800-404-2211.
CE Credits with ILS – Fast, Easy, Done!
Mar 6, 2014 | News
Quebec agents – if you have not completed your ChAD professional development units, your deadline has been extended to March 31, 2014. That leaves you only a few more weeks to complete your mandated hours. As well, Continuing Education deadlines for insurance agents in BC and Manitoba are coming up for May 31, and Alberta’s requirements must be met by June 30 this year. Now is the time to start working on completing your mandatory CE hours to avoid the last minute rush.
Quebec Agents: ILScorp’s ChAD Subscription offers unlimited access to our accredited ChAD courses (over 100 credits!) for six months for only $185. Are you not the only one with hours to complete? If your brokerage has more than five people who need to complete their training, consider joining our ChAD Broker Network Program, and save $50 per person on a ChAD Subscription!
ILScorp’s continuing education catalogues feature hundreds of hours of accredited courses, that you can complete anywhere you have an internet connection.
The ILScorp general insurance catalogue offers more than 300 hours (160 courses) of accredited Continuing Education training, so you’ll find courses that are of interest and relevance to you and your business. More than 50 courses have recently ben updated and re-accredited. Six-month subscriptions, which prvide access to the entire general insurance catalogue are only $185. Discounts for groups of five or more are available.
Our Life / A&S course catalogue includes more than 75 CE courses (185 hours). A new online Professional Liability course: Introduction to Errors and Omissions Exposures Insurance for Life / A&S Agents, which is also included in the subscription option.
Individual Courses start at $85. Six month subscriptions to the entire Life/A&S CE course catalogue are $260.
Advantages of all 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.
- All material is viewed online. All you need is an internet connection!
- 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! Visit ILScorp.com today to get started, or call 1-800-404-2211.
CE Credits with ILS – Fast, Easy, Done!
Feb 20, 2014 | News
Continuing Education deadlines for insurance agents in BC and Manitoba are May 31, and Alberta’s requirements must be met by June 30 this year. While these dates may seem months away, now is the time to start working on completing your mandatory CE hours.
Also in Quebec, if you have not completed your ChAD professional development units, your deadline has been extended to March 31, 2014.
ILScorp’s continuing education catalogues feature hundreds of hours of accredited courses, that you can complete anywhere you have an internet connection.
The ILScorp general insurance catalogue offers more than 300 hours (160 courses) of accredited Continuing Education training, so you’ll find courses that are of interest and relevance to you and your business. More than 50 courses have recently ben updated and re-accredited. Six-month subscriptions, which prvide access to the entire general insurance catalogue are only $185. Discounts for groups of five or more are available.
Our Life / A&S course catalogue includes more than 75 CE courses (185 hours). A new online Professional Liability course: Introduction to Errors and Omissions Exposures Insurance for Life / A&S Agents, which is also included in the subscription option.
Individual Courses start at $85. Six month subscriptions to the entire Life/A&S CE course catalogue are $260.
Quebec Agents: Still working on your hours? ILScorp’s ChAD Subscription offers unlimited access to our accredited ChAD courses (over 100 credits!) for six months for only $185. Are you not the only one with hours to complete? If your brokerage has more than five people who need to complete their training, consider joining our ChAD Broker Network Program, and save $50 per person on a ChAD Subscription!
Advantages of all 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.
- All material is viewed online. All you need is an internet connection!
- 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! Visit ILScorp.com today to get started, or call 1-800-404-2211.
CE Credits with ILS – Fast, Easy, Done!
Jan 21, 2014 | News
A year of severe weather cost Canada’s property and casualty insurers $3.2 billion in 2013 – the highest payout ever for Canada’s property and casualty insurers.
Insured losses reached more than $3 billion last year, after devastating flooding, hail and ice storms caused extensive damage across the country, industry association Insurance Bureau of Canada (IBC) announced Monday.
“In 2013, the terrible effects of the new weather extremes hit Canadians hard,” Don Forgeron, chief executive of IBC, said in a press release. “From the Alberta floods last summer to the ice storms in Ontario and Atlantic Canada over the holidays, frankly, bad weather hit insurers hard, too.”
The widespread rainfall and flooding that swept through southern Alberta in June last year clocked in as the country’s most expensive natural disaster on record. Insured damages from these storms exceeded $1.7-billion, according to IBC. Extensive storms in Toronto last summer also broke records as the most costly insured natural disaster in the province of Ontario’s history, IBC said. Insured damages reached $940-million as thousands of homes and businesses were flooded and lost power.
Flooding and water damage has exceeded fire as a source of insurance claims in Canada in recent years.
“Canadian communities are seeing more severe weather, especially more intense rainfall,” Forgeron said in a statement. Insurers are working with governments to try to mitigate the effects of these disasters, he said.
Both insurance companies and the reinsurers that back up excesses insurance industry losses are developing technologies to help predict extreme climactic events, and limit impacts.
Reinsurance firm Swiss Reinsurance Co. Ltd. has invested in a satellite mapping system called CatNet that creates precise flood, tornado and hail zones that help insurance companies quickly understand the extent of storms, and help adjusters process claims quicker. The system also helps insurers predict where damage is likely to occur, and plan for the expense of future claims.
IBC has created a system that assesses a municipality’s weak spots for sewer backup damage. The predictive tool, called the MRAT (Municipal Risk Assessment Tool), identifies where a city’s infrastructure is weak now, and where it may be vulnerable in the future.
The increasing frequency and severity of natural disasters has also prompted some insurers to make changes to their home, car and business insurance policies and increase premiums to reflect the increasing risks associated with weather.
For more information about how to protect yourself from severe weather, visit ibc.ca
Insurance agents in Canada are continually upgrading their knowledge, with continuing education training for insurance agents being mandatory in most provinces, and they are your best source for insurance information.
A reminder for insurance agents in BC and Manitoba: your continuing education deadlines are May 31. Alberta agents: your new CE deadline is June 30.
Excerpted from ILStv
