Licensing Period:
1 year
Due:
June 1 annually
Those with an approved designation1 = 4 credit hours; or without an approved designation
but licensed 5 of 7 years2 = 6 credit hours; or without an approved designation and not licensed 5 of 7 years, = 8 credit hours3
Salespersons/ Agent Level 2
may only take technical
courses
Agent Level 3
may take either: technical;
management; accounting; and/or human resources courses
Footnotes:
1 Insurance Council of BC: Approved Designations are defined as: CAIB; CIB; CIP (formerly AIIC); CCIB; FCIP; CRM; approved foreign equivalents to Canadian Designations
2 Insurance Council of BC "If you have been licensed as a general insurance agent or salesperson for at least 5 of the last 7 years in a Canadian jurisdiction, and you do not have an approved designation you must have 6 qualified hours of continuing education."
3 Insurance Council of BC "If you have not been licensed as a general insurance agent or salesperson agent for at least 5 of the last 7 years in a Canadian jurisdiction and you do not have an approved designation you must have 8 qualified hours of continuing education."
Licensing Period:
1 year
Due: June 1 annually
Those with an approved designation1 = 4 credit hours; or without an approved designation
but licensed 5 of 7 years2 = 6 credit hours; or without an approved designation and not licensed 5 of 7 years, = 8 credit hours3
Salespersons/ Agent Level 2
may only take technical
courses
Footnotes:
1 Insurance Council of BC: Approved Designations are defined as: CAIB; CIB; CIP (formerly AIIC); CCIB; FCIP; CRM; approved foreign equivalents to Canadian Designations
2 Insurance Council of BC "If you have been licensed as a general insurance agent or salesperson for at least 5 of the last 7 years in a Canadian jurisdiction, and you do not have an approved designation you must have 6 qualified hours of continuing education."
Licensing
Period:
Due: June 1 annually
Those with approved an designation1 = 5 credit hours (technical courses only ); or without an approved designation but licensed 5 of 7 years2 = 10 credit hours (technical courses only); or without an approved designation and not licensed 5 of 7 years3 = 15 credit hours (technical courses only)
Footnotes:
1 Insurance Council of BC: Approved Designations are defined as: CFP; CLU; RHU; FCIA; FLMI; CEBS; approved foreign equivalents to Canadian Designations
2 Insurance Council of BC, "If you have been licensed as a general insurance agent or salesperson for at least 5 of the last 7 years in a Canadian jurisdiction, and you do not have an approved designation you must have 6 qualified hours of continuing education."
3 Insurance Council of BC, "If you have not been licensed as a general insurance agent or salesperson agent for at least 5 of the last 7 years in a Canadian jurisdiction and you do not have an approved designation you must have 8 qualified hours of continuing education."
4 Insurance Council of BC, "Technical education directly relates to:
Licensing Period:
1 year
Due:
Oct 31 annually
General Insurance Agents:
15 hrs
Licensing Period:
1 year
Due:
May 31
annually
Insurance Adjusters
15 hrs
(May 31/04)
Licensing Period:
1 year
Due: Feb 15 annually
Life/Accident & Sickness Agents Hours needed:
15 hrs
Licensing Period:
1 year
Due: based on individual license renewal date
Hours Needed:
Less than 25 years in industry
12 hrs
More than 25 year in industry
8 hrs
Holds a recognized insurance designation
8 hrs
Period:
See General
Agents Information
Hours All Levels
8 hrs
Licensing Period:
2 years
Due:
based on individual license renewal date
Life Level 1 & 2
30 hrs
The annual continuing education credit hour requirements for agents/brokers are as follows:
The annual continuing education credit hour carry forward for agents/brokers is as follows:
Continuing Education Definition
Continuing education for a Life and/or Accident and Sickness licensee must be directly related to life and accident and sickness insurance products or services, or the operation of an insurance business.
A maximum of 5 CE credits of the required 15 may be related to segregated funds. This maximum of 5 may include investment related education if it is directly applicable and relevant to segregated funds.
Content excluded from allowable CE credits are programs based on sales production, promotion, motivation, computer training, and any education not related to products or activity for which the licence is held.
Allowable content would include ethics, errors and omissions coverage and compliance with insurance related legislation and regulatory requirements both Provincial (Manitoba) and Federal (e.g. Code of Conduct, the Insurance Act, Rules and Regulations, privacy legislation, anti-terrorism or money laundering legislation, and replacement requirements).