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Just a reminder that this is the last newsletter until the New Year. ILSTV will return in early January, 2019.

Thank you for following us and we wish you all the best for the holiday season.

ILSTV staff!

New Course for RIBO Ethics CE Requirement

New Course for RIBO Ethics CE Requirement

RIBO Ethics CE Requirement

The new license year of Oct 01, 2018 to September 30, 2019, brings new continuing education requirements for general insurance licensed individuals in Ontario.

The total number of required CE hours has not changed however a new category, Ethics, has been introduced and licensees must complete a minimum of 1 hour in this category per term.

ILScorp has developed a course that is RIBO approved for 1 CE in the new Ethics Category: Making the Right Ethical Decisions. This course is now available to all ILScorp General CE Subscribers!

More Info

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

Along with the new Ethics CE requirement, there is also a cap on the number of Personal Skills hours permitted and a minimum number of Technical hours required. Continuing Education Requirements are listed below. 

RIBO CE Requirements

Principal Brokers and Deputy Principal Brokers

10 hours of continuing education credits every year between October 1st and September 30th subject to the following conditions:

  • minimum of 1 hour Ethics
  • minimum of 5 hours Management
  • Personal Skills category courses cannot be applied
  • The remaining hours may be in the Management or Technical categories.

A carryover of a maximum of 10 hours (or one term’s requirements) is permitted however the minimum category requirements must be maintained.

All other licensed individuals

8 hours of continuing education credits every year between October 1st and September 30th subject to the following conditions:

  • minimum of 1 hour Ethics
  • minimum of 3 hours Technical
  • maximum of 2 hours Personal Skills may be applied

A carryover of a maximum of 8 hours (or one term’s requirements) is permitted however the minimum category requirements must be maintained.

Newly licensed individuals

The continuing education program of 8 hours every year between October 1st and September 30th will begin the first October following registration. Individuals are only exempted for the remainder of the license year that they were registered.

E.g. Broker A was registered on November 1, 2017 and Broker B was registered on April 30, 2018. Neither Broker A, nor Broker B will be required to have accumulated any continuing education credits by September 30, 2018, but must begin taking the continuing education seminars/courses on October 1, 2018 for the 2018/2019 license term.

Canada’s New Privacy Rules

On November 1, 2018, new provisions in the Personal Information Protection and Electronic Documents Act  (PIPEDA) related to breach of security safeguards came into force, along with breach of security safeguards regulations.

A privacy breach is the loss of, unauthorized access to, or disclosure of, personal information. Breaches can happen when personal information is stolen, lost or mistakenly shared.

Businesses subject to PIPEDA have certain obligations following a breach. These may include reporting to the Office of the Privacy Commissioner of Canada, notifying affected individuals and keeping certain records of privacy breaches.

To be compliant, it’s critical that organizations understand just what the requirements are, when the obligations, record-keeping, reporting and notification are triggered, and ensure they implement policies and procedures aligned with the law.

Most data breaches, whether accidental or malevolent, are in fact caused by an organization’s own employees. Implementing a plan to avoid and handle data breaches by its own employees is an important aspect of an its data breach risk mitigation plan generally and the Digital Privacy Act’s new data beach response requirements means more employee breaches are likely.

PIPEDA Online Training

PIPEDA Explained Legislated Privacy Standards for Every Business Online Course Series

This PIPEDA course training series has been developed for brokerage owners, managers and supervisors specifically. This series focuses on the specific internal guidelines and procedures you can implement in your brokerage to safeguard the privacy rights defined in PIPEDA and other relevant laws. Courses include sample privacy policy worksheets and have been updated to include the new privacy breach regulations.

This 3 Part PIPEDA Series is available as part of the ILScorp General CE Subscription.

PIPEDA PART 1:
Lesson A: Understanding Privacy Laws
Introduction, Definitions and General Requirements

Lesson B: The Principles Begin with Accountability
The 10 Principles of the Privacy Code
Principle 1- Accountability

Lesson C: Identifying Purposes and Consent
Principle 2 – Identifying Purposes
Principle 3 – Consent

PIPEDA PART 2
Lesson A: Principles 4, 5 and 6
Principle 4 – Limiting Collection
Principle 5 – Limiting Use, Disclosure and Retention
Principle 6 – Accuracy

Lesson B: Principles 7, 8, 9 and 10
Principle 7 – Safeguards and Reporting Requirements
Principle 8 – Openness
Principle 9 – Individual Access
Principle 10 – Challenging Compliance

PIPEDA PART 3
Lesson A: The Privacy Commissioner and Complaints
Lesson B: Applications and Audits

New Course -Trip Cancellation and Interruption Insurance

Taking a holiday or business trip can be an exciting time for any traveller. However, there are risks associated with travelling that should be addressed with insurance. This course focuses on trip cancellation and interruption insurance and general characteristics of travel insurance policies.

By the end of this course you will be able to:

  • Describe trip cancellation, interruption and other available travel insurance coverages
  • Describe general characteristics of travel insurance policies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Adjuster CE Subscription.
Included as part of the ILScorp General CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 1
Credit Type: General/Adjuster – Technical and RIBO-Technical
Credit #: AIC #47999; MB#30084
Accrediting Provinces: BC, AB, SK, MB, ON

New Course – Individual Disability Income Insurance and Related Policies

This course will focus on individual disability income insurance policies, also referred to as disability insurance of disability income replacement insurance. The information provided is of a general nature and is not intended to be an intensive study of this area of insurance.

By the end of this course you will be able to:

  • Classify basic categories of individual disability, accident and sickness policies
  • Describe general information related to individual disability income insurance policies

Become an ILScorp group member to save even more.

Included as part of the ILScorp Life/A&S CE Subscription.

Access Duration from the Date of Purchase: 6 months
Credit Hours: 1
Credit Type: Life/A&S – Technical
Credit #: AIC #48000; MB#30085
Accrediting Provinces: BC, AB, SK, MB, ON

 

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