Aug 26, 2013 | News
Ontario plans to reduce car insurance rates by 15 per cent in the next two years, Finance Minister Charles Sousa announced on Friday.
Reducing auto insurance rates by 15 per cent was a condition set by the NDP when it agreed to support the Ontario budget earlier this year, however the NDP called for the reduction to happen in the first year.
NDP transportation critic Gilles Bisson told the CBC that auto insurance companies have profited by billions from legislation that reduced payouts for personal injuries. He says those savings were never passed on to the consumer.
“That’s why in the budget we said we need 15 per cent. We need it now — it has to be done this year,” he said ahead of the announcement.
Drivers have complained that Ontario car insurance costs are too high, with rates rising rapidly over the past few years even for drivers with 25 years accident free.
Randy Carroll of the Insurance Brokers Association of Ontario welcomes a rate reduction, but says the government must first crack down on insurance fraud, which he said is costing the industry $1.5 billion annually.
“If we get the rates down before the fraud is out of the system it will just put undue pressure on insurers and will end up putting undue pressure on consumers,” he told CBC News.
Auto insurance rates are determined by individual insurers using a combination of factors including driving experience, driving record, use and location of the vehicle, the type of vehicle driven, and amount of coverage and deductibles selected.
But Ontario’s Superintendent of Financial Services reviews rates proposed by every company and the Financial Services Commission of Ontario regulates auto insurance to ensure protection for drivers. The FSCO will likely enforce Ontario’s mandated rate reductions, with rates dropping eight per cent in the first year and an additional seven per cent in the second. Ontario drivers won’t see the new rates kick in until they renew their policies.
Are you an Ontario insurance agent? Are you a Certified Ontario Auto Expert? With several major changes in basic coverage and new options in the last few years it is essential to update and reinforce your knowledge of Ontario automobile coverage.
ILScorp’s Certified Ontario Auto Expert series of courses leads you through the coverage, common client concerns and questions, errors and omissions avoidance, options, and important considerations in giving advice about private automobile coverage in Ontario. Learn more about this and other online insurance training courses at ILScorp.com.
Excerpted from CBC.ca
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Aug 21, 2013 | News
Ethics courses are a mandatory part of insurance training in Saskatchewan and are recommended for insurance agents in other provinces. ILScorp now includes a three-part ethics course in its General Insurance, and Life and A&S subscription bundles.
These courses are approved by the Insurance Councils of Saskatchewan and allow insurance professionals to complete their mandatory ethics courses as well as their continuing education hours at the same time.
The ILScorp ethics courses are also accredited for continuing education hours for insurance agents in BC, Alberta, Manitoba and Ontario. Ethics courses are also available for Quebec approved by the Chambre de la securite financiere (CSF)
Covering a variety of critical topics for today’s professionals, the ILS ethics training courses can be completed online, anywhere you have an internet connection. Complete your mandatory insurance training hours on your own schedule.
The ILScorp General Insurance Continuing Education subscription provides access to more than 160 accredited courses (more than 300 CE hours) for six months, for $185. The Life and A&S subscription includes 75 courses (184 credit hours) for $260 for six months of access. The Life ethics three-part course is also available on its own for $185.
For more information on these and other online insurance training programs offered by ILScorp, visit our website or contact us today at 1-800-404-2211.
Aug 8, 2013 | News
Are you writing the CAIB 3 exam this fall? Your best exam prep option is the ILScorp live immersion course, led by Todd Hochban of West Coast Training. Attend the course from Sept 9-13 and write the national exam on Sept 19.
You must register to write the Canadian Accredited Insurance Broker level 3 exam by Aug.16.
The live immersion class follows the ILS CAIB 3 exam prep course. Led by renowned insurance educator and president of West Coast Training, Todd Hochban, the five-day program gives students all of the knowledge, information and skills they need to pass the CAIB 3 exam.
The live CAIB 3 immersion classroom session runs from Sept. 9-13 at the BCIT campus in Vancouver. Registration is only $599.20 per student, and includes study aids and a work book.
ILScorp offers insurance training and exam prep courses for CAIB 1, 2, 3, & 4, through online video training, virtual classroom programs, and classroom immersion programs.
If you can’t make the immersion class, considering the following options:
- Our interactive, online CAIB Exam Preparation video courses combine the dynamic instruction of Todd Hochban with the ease and convenience of online learning. Numerous exercises and mock exams help to reinforce knowledge retention. Study online with 24/7 access to the program, allowing you to work on your own schedule.
Instructor Todd Hochban highly recommends using the CAIB textbook in conjunction with the ILScorp CAIB Programs to thoroughly learn the material. CAIB text books can be purchased through your provincial insurance brokers association. Contact the association directly for more information.
If you’re ready to start call ILS today or buy your subscription online. If the more in-depth Virtual Classroom is for you, take $100 off with the promo code SUMMERSTART, but hurry – this offer expires Aug. 15. Call 1-800-404-2211 today.
Aug 1, 2013 | News
ILScorp offers insurance training and exam prep courses for CAIB 1, 2, 3, & 4, both through online video training, and, starting Aug. 12, with a 4 week virtual classroom program.
If you are just starting your insurance career, then the CAIB 1 Exam prep course is for you. Learn the fundamentals of working in the insurance industry, and prepare to write your CAIB 1 licensing exam.
Looking to earn your CAIB 2, 3, or 4 designation? ILS can help there too!
Our interactive, online CAIB Exam Preparation video courses combine the dynamic instruction of Todd Hochban with the ease and convenience of online learning. Each CAIB insurance training course contains streaming video, and is divided into easy-to-manage chapters. Each chapter includes 10-20 video clips, along with easy to read text. Numerous exercises and mock exams help to reinforce knowledge retention.
Study online with 24/7 access to the program, allowing you to work on your own schedule. Or if you want more guidance, start the ILS CAIB Virtual Classroom program on Aug. 12 and receive a study schedule, daily emails and quizzes and more.
Online self-study is a proven way to successfully prepare for insurance licensing examinations. Study at your own pace, at your own convenience. Stop the program at any time and return when you want. Go back over difficult-to-grasp points as often as you wish.
More than 80% of students who prepare to write their CAIB exams with the ILScorp CAIB tutorial courses are successful.
Through ILS’s online courses, you’ll receive the same dynamic instruction as students who attend classroom sessions. Long-time insurance educator Todd Hochban brings his successful “need-to-know” approach to this video production. Preparing to write the CAIB 1, CAIB 2, CAIB 3, and CAIB 4 examinations has never been easier!
Once you’re ready to write the exam, contact your local insurance council to arrange your exam.
Instructor Todd Hochban highly recommends using the CAIB textbook in conjunction with the ILScorp CAIB Programs to thoroughly learn the material. CAIB text books can be purchased through your provincial brokers association. Contact the association directly for more information.
And remember when it comes to CAIB – ILS wrote the book! Our founder and past president Steve Hawrishok developed and wrote the CAIB course.
If you’re ready to start, call ILS today or register online at ILScorp.com. If the more in-depth Virtual Classroom is for you, take $100 off with the promo code SUMMERSTART, only until Aug 15th. Call 1-800-404-2211 today.
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