The Ethical Agent Part 1 and Part 2

The Ethical Agent Part 1 and Part 2

This course explores the positions of authority within an insurance company, the responsibilities and liability of various operatives including brokers and agents in matters such as the importance of properly and carefully recording 3rd party information.

Examples are presented of unfair trade practices to show what it means, in practice, for the agent to understand clearly his or her ethical obligations. A discussion addresses the question of who bears responsibility for ensuring that contracts are in total compliance with respective regulations, as well as what constitutes unfair and deceptive acts in advertising. Each scenario presented is then dissected on how the situation links to the FP Standards of Professional Responsibility.

FP Canada evaluated and approved as Professional Responsibility Continuing Education Credits.

Alberta General Level 1 GLQP

Alberta General Level 1 GLQP

As of January 01, 2020, all students must study current educational materials from an approved General Level 1 Educator in order to be certified as having met the prerequisites to write the Alberta General Insurance Level 1 Licensing Exam.  You can no longer challenge the Alberta General Level 1 Licensing Exam.

This new certification format is known as the Level 1 General Licensing Qualification Program (GLQP).

Why implement the General Licensing Qualification Program?

The intention of candidate certification in order to register and write the licensing exam is to ensure the competency of new entrants into the General Insurance field. Low pass-rates have been an ongoing subject of concern with educators and industry stakeholders.  A change in program approach is now being delivered to ensure consistent education delivery and to improve student success rates.

How do I prepare for the Alberta General Insurance Level 1 Licensing Exam and become certified with ILScorp?

The first step to starting your new career as an insurance professional in Alberta is to obtain a CIPR number. What is CIPR? CIPR is short for Canadian Insurance Participant Registry.

Once you register with CIPR online, you’ll receive a unique identifier called your CIPR # which can be used to identify you.  ILScorp needs your CIPR number in order to eventually certify you to write the Alberta Licensing Exam.

Get your CIPR number here: https://www.cipr.ca

Now you’re ready to enroll in the ILS Alberta Level 1 General Insurance Licensing

ILS Alberta Level 1 General Insurance Exam Preparation Program.

The ILScorp L1 Program has everything you need in one package to successfully pass your Alberta Level 1 General Insurance licensing exam, including your certification exam.

How the Alberta L1 Program Works and What’s Included

  • L1 General Insurance Licensing online course – 12 Chapters
  • L1 Textbook hardcopy – 12 Chapters
  • L1 Workbook hardcopy – over 650 quiz questions
  • L1 Workbook Answer Key
  • L1 Flashcards– over 300 exam type mobile questions
  • Alberta Auto Essentials online course
  • An Insurance Professional’s Regulatory Responsibilities online course – AIC council rules and code of conduct
  • Alberta online supplement – specific to Alberta insurance requirements
  • Accident and Sickness Review Course
  • Review Tests – 17 review tests including multiple choice answer options
  • L1 Alberta General & Adjuster Insurance Licensing Practice Exams
  • ILS Level 1 Certification Exam

 

More info on exam prep program

The program is broken down into 8 Modules.

When you first log in to your e-learning campus you will be presented with the Alberta Level 1 Terms and Conditions. If you agree with the terms and conditions you will then have access to the very first Module of the program, Module 1: Concepts and Characteristics of Insurance.

Each Module is broken into chapters with the end of chapter quizzes. At the end of each Module is a  Module final exam.

Once you successfully complete all review quizzes and pass the final Module Exam you will get access to Module Two. This pattern continues for each Module and once all 8 Modules are successfully completed you will have access to the online certification exam. Once you pass your certification exam, ILScorp will receive a notification that you have completed all course material and qualify to become certified.

ILScorp will then mark you as certified in the CIPR system. This is why you need a CIPR number, without it we cannot mark you as certified. As soon as ILScorp marks you as certified, you can immediately register for the licensing examination with the Alberta Insurance Council.

You will then be certified for 1 full year. If you do not write the Alberta Licensing Exam within the year, you will be required to purchase course material again and go through the certification process again.

If you do not complete all ILScorp course material and pass the ILScorp certification exam you will not be marked as certified and will not qualify to register for the Alberta Licensing Exam.

What if I do not have Certified status and I try to register for the Licensing Exam?

Students will not be able to register for a General Licensing Level 1 examination if they have not been certified by an approved educator.

License Renewal 2019 MANITOBA

What happens if you fail to renew your license by May 31?

You will be prohibited from acting as an agent.

Your agency or sponsoring insurance company will be notified immediately of the expiry of your license.

If you wish to apply under the reinstatement process, you will be required to complete ad submit a paper application form, along with the annual licensing fee and the reinstatement fee of $70.00. You will not be able to act as an agent until the Insurance Council of Manitoba approves the application and confirms the reinstatement by email to you. Delays could occur where additional requirements must be submitted for reinstatement.

Accredited CE Courses

Renewal instructions are available on the ICM website here.  Users Guides and Frequently Asked Questions (FAQS) are also available on the ICM website. Phone calls or emails from licensees with questions that are answered within the User Guides and FAQs will no be returned by Council.

Council recommends that you renew your license immediately to provide time to deal with any potential issues before the deadline. Online license renewal is the ONLY method of renewing your license. There are approximately 15,000 licenses being renewed in the month of May, you may find the ICM system slow when trying to renew.

MESSAGE FROM THE INSURANCE COUNCIL OF MANITOBA

Don’t leave the entry of your completed Manitoba CE credits until the last minute. Enter credits upon completion and allow the on-line CE system to
a) track how many CE credits you have completed,
b) remind/inform you of how many more credits are required to renew your license and
c) simplify your on-line renewal.

Log in with your User ID and Password and click on “Continuing Education” to view your CE Status and log the CE courses that you have successfully completed. Simplified instructions to enter your CE credits are outlined under “Report Courses”.

Continuing education credits must have been obtained from an accredited course provider, or have received individual course approval by the ICM. If a licensee intends to apply a course or seminar that is not offered by an Accredited Course Provider, completion and submission of the Individual CE Approval Application is required. The application form must be submitted to the ICM at least 30 days in advance of the course to ensure sufficient time to make an informed determination as to whether the CE course qualifies for Manitoba CE credits. More information on what type of CE would fall into this category can be found on the ICM website under “Continuing Education Info”.

The entry of CE for the same course more than once may be permitted on an exception basis only. If an agent wishes to claim credit for a course more than once, the agent must contact Council for prior approval and provide written reasons. This review is subject to the individual course review fee of $50.

For your reference, the CE requirements including the applicable definition for each class of license can be located on the ICM website, and are briefly outlined below:

Annual Continuing Education Credit (CEC) Hour Requirements

Life and/or Accident & Sickness

General

Auto-Only Brokers

Adjusters

Non-residents residing in Canadian jurisdictions that have continuing education requirements will be deemed to have met the requirement in Manitoba. Agents/Brokers residing in a jurisdiction where continuing education is not mandatory are required to comply with Manitoba’s continuing education requirements.

Residents of the United States of America are required to comply with Manitoba continuing education requirements.

NOTE: Continuing Education Credits must be obtained from an Accredited Course Provider or a course that has been individually approved by the Insurance Council of Manitoba.

Non-residents residing in Canadian jurisdictions that have continuing education requirements will be deemed to have met the requirement in Manitoba. Agents/Brokers residing in a jurisdiction where continuing education is not mandatory are required to comply with Manitoba’s continuing education requirements.

Residents of the United States of America are required to comply with Manitoba continuing education requirements.

NOTE: Continuing Education Credits must be obtained from an Accredited Course Provider or a course that has been individually approved by the Insurance Council of Manitoba.

Edited for ILSTV

Cyber Insurance Course – New General CE

Cyber Insurance Course – New General CE

Cyber Insurance Course

3 General/Adjuster – Technical CE Credits

New Cyber Insurance Course now available to all ILScorp General CE and Adjuster CE Subscribers

During this online course we will begin by discussing recent changes made to the Personal Information Protection Electronic and Documents Act. This is a natural spring board when discussing cyber insurance with clients.  Next, we will briefly look at today’s cyber insurance market place to review common challenges.

Then we will roll up our sleeves and get into the actual coverage forms most common in our market.

Data Compromise Coverage, Computer Attack Coverage and Network Security Liability Coverage are the three major coverage form topics

Cyber insurance coverages are some of the newest innovations in the insurance industry.  As the criminal element becomes more proficient, the insurance industry has responded.  As with all new products, there will be challenges and changes forthcoming. This course looks at a few of the major issues facing us today.

Cyber losses are really just a new type of crime loss.  Some policies are beginning to include cyber losses within their wordings.  Many are just silent on the topic.  Because automation is playing a roll in many parts of business operations, insurers may be inadvertently providing coverage unintentionally.  Broad insuring agreements in both property and liability wordings may be the culprit.

To learn more about the new Cyber Insurance course click on the button below.

More Info

Cyber Insurance

Credit Hours: 3
Credit Type: General/Adjuster – Technical and RIBO – Technical
Credit #: AIC#50977;MB32089
Accrediting Provinces: BC, AB, SK, MB, ON

New CSF Compliance Course – Making the Right Ethical Decisions

New CSF Compliance Course – Making the Right Ethical Decisions

Most of our insurance education focuses on improving product knowledge and developing our technical skills. And there’s nothing wrong with that.

However, more emphasis has been placed on discussing the ethical decisions that insurance professionals have to make daily in their dealings with other industry staff, their clients and the insurance companies they represent.

We work in a society where people pay us for the advice and products we provide to them. They expect us to be fair, honest, trustworthy, and loyal and all the other things they value in their insurance professional. If we breach any of these ethical values, they may well perceive us as being unethical in our dealings with them.

When you hear the word “ethics” what, if anything, comes to mind?

If you said that ethics involves doing the right thing – making the right decision – when in a given situation that offers other possibilities, you are on the right track.

So, it makes sense that if you choose to do the right thing, you are acting ethically and, conversely, if you choose to do the wrong thing, chances are pretty good that you are acting unethically.

There are many definitions of “ethics”, including this one: “Ethics is about fairness, about deciding what is right or wrong, about defining practices and rules that guide responsible conduct between individuals and groups”.

Fairness is a basic ethical value – if you treat people fairly, you reduce the odds of your behaving unethically.

Over the years, philosophers and other scholars have made valiant attempts to provide a generally acceptable definition of ethics. Ethics, like professionalism, is very difficult to define in a fundamental way that will win wide acceptance, but we know it when we see it. Several values are widely recognized as the requisite traits of an ethical person, including:

– honesty and integrity;

– respect and caring for others;

– promise keeping, trustworthiness and fairness; and

– personal accountability.

These ethical values can clearly influence the kind of service insurance organizations provide. A motivated work force that is guided by these ethical values will do much to earn the trust of the insurance buying public. Trust is earned over time through dealing honestly and consistently displaying an attitude that reflects both self-respect and respect for others. If service improves, if ethical values rise, the image of insurance will necessarily improve because image reflects reality.

New Course Making the Right Ethical Decisions

Ethics is all about doing the right thing in a particular situation. As insurance professionals, our clients, insurers and the public (and a lot of other people and organizations) would expect us to do nothing less. In this course, we will look at the following topics as they relate to “Ethics and the Insurance Professional”, specifically:

  • Defining “Ethics”
  • Establishing Ethical Standards – Sources of Influence
  • Basic Ethical Values and What They Really Mean
  • The Insurance Broker’s Dilemma
  • What a Formal Ethics Program Will Do For Your Brokerage.

Credit Hours: 1

Credit Type: Conformité – Compliance

Credit #: CSF18-12-44571

Accrediting Provinces:  QUEBEC

COURSE INFO

This course is included as part of your ILScorp CSF PDU Subscription.

Complete your PDU requirements by November 30, 2019.  CSF accredited online courses for Quebec Life Insurance Agents and Financial Planners!

MORE INFO

Reference period from December 1, 2017 to November 30, 2019

With the CSF Accredited Online Courses Subscription you will:

  • have 6 months access to over 52 accredited CSF insurance training courses in both text and streaming video formats
  • access over 120 PDUs in the categories compliance, insurance of persons, general subjects and group insurance of persons
  • 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
New Year, New You. Earn your Level 2 License.

New Year, New You. Earn your Level 2 License.

To obtain your Level 2 license you must pass the CAIB 2 and the CAIB 3 exams. (BC, SK, MB)
Use ILScorp’s online CAIB exam preparation courses, or Daily Assisted Virtual Classroom Programs to quickly prepare you for your Level 2 license.

CAIB Exam Prep Self-Study Online Video Courses are divided into easy-to-manage chapters with end of chapter quizzes. Each chapter includes 10-20 video clips of the instructor, along with easy to read text. A downloadable PDF workbook, key terms, a mock midterm and a mock final exam are also included. Once you purchase your subscription, you can begin taking your course immediately! All material is viewed online and is accessible 24/7.

MORE INFO ON CAIB EXAM PREP

How the CAIB exam preparation courses work

  • Once you purchase, you can begin taking your course 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!
  • Your course can be accessed any time. You can log in and log out as many times as you wish, pause, rewind and review, unlimited access for 4 months.
  • Quizzes and Final exams help you retain the information.
  • Once you feel prepared to write your CAIB exam, you must contact your Insurance Council, or in BC the Brokers Association to book your exam.
  • Should you require any assistance at any time during your course work, we are here to support you! Email info@ilscorp.com

 

British Columbia Level 2 General Insurance Agent License

A level 2 general insurance agent is not restricted to where he or she can work and is not prohibited from signing contracts of insurance. Although insurance industry experience is not required, an applicant must be an authorized representative of a licensed general insurance agency and have met the educational requirements.

Saskatchewan Level 2 General Insurance Agent License

A Level 2 licensee shall not manage an agency.

Manitoba Level 2 General Insurance Agent License

A level 2 general insurance agent is authorized, to sell the insurance policies authorized under section 3, both inside and outside of the office of a general insurance agency, but is not authorized to manage the office of a general insurance agency

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