The Insurance Councils of Saskatchewan (ICS) operate under an authority delegated by the Superintendent of Insurance to licence and regulate insurance agents, brokers, adjusters and agencies in the province of Saskatchewan.
The Councils are committed to a fair, ethical and professional industry which ensures that consumers receive responsible, trustworthy advice and service regarding insurance and related financial matters. As such the bylaw respecting mandatory ethics training was introduced January 1, 2010. The ethics training bylaw indicates all existing resident licensees must complete a Saskatchewan Council approved ethics course that is at least three hours in duration.
ILScorp Ethics Courses are Saskatchewan Council ApprovedIndividuals that become licensed on or after January 1, 2010, must within three years of becoming licensed, complete an ethics course.
All resident licensees will then be required to complete an ethics course within subsequent 5 year cycles.
Credit hours earned for an ethics course can be applied towards a licensee’s continuing education requirements.
LIFE Mandatory Ethics Training Courses
Resident Life and Accident & Sickness; and Accident & Sickness Licensees are required to complete a Council approved ethics course as described by the Life Insurance Council Bylaws.
Once you have successfully completed an Approved Ethics Course(s), you need to provide Council with documentation.
(1) Effective January 1, 2013 all resident licensees must within the cycles set out complete one or more Life Council approved ethics course totaling at least three hours in duration:
(a) Resident licensees who are licensed on or after January 1, 2013 must complete the ethics training within three years of becoming licensed.
(b) Resident licensees who hold a licence prior to January 1, 2013 must complete the ethics training by their annual reporting date in 2016.
(c) Resident licensees that have completed the course under (a) or (b) above must complete the ethics training within each subsequent 5 year cycle.
(d) Credit hours earned for an ethics course can be applied towards a licensee’s continuing education requirements.
(e) For the purpose of this section each individual ethics course must be at least one hour in duration.
GENERAL Mandatory Ethics Training Courses
(1) Effective January 1, 2010 resident licensees must within the cycles set out below complete a council approved ethics course that is at least three hours in duration:
(a) Resident licensees who are licensed on or after January 1, 2010 must within three years of becoming licensed complete an ethics course.
(b) Resident licensees who hold a licence issued prior to January 1, 2010 must complete an ethics course by their annual reporting date in 2013.
(c) Resident licensees that have completed the course under (a) or (b) above must complete an ethics course within subsequent 5 year cycles.
(d) Credit hours earned for an ethics course can be applied towards a licensee’s continuing education requirements.
