​ ​​​​As a professional, one of your obligations is to complete 20 professional development units (PDUs) every two years. The new compliance period begins on Janurary 1, 2014​ and ends on December 31, 2015.

Important Change: 2 PDUs for a training activity developed by the ChAD
Beginning with the 2016-2017 reference period, representatives will be obliged to take a course developed by the ChAD worth 2 professional development units (PDUs) dealing with either compliance with ethical or professional practice standards or with the evolution of the legal rules governing the sector of activity covered by the representative’s certificate. This new training will be offered at the ChAD’s online training site, ÉduChAD​, and the PDUs earned will count towards the 20 mandatory PDUs representatives must earn during each reference period.

 

ILScorp Training Activities Accredited by ChAD

Limit on the number of PDUs earned for taking the same training

Since February 19, 2014, members may earn PDUs for taking the same training a maximum of two times, as long as the training is taken during two different reference periods. Consequently, a member who has already earned PDUs twice for the same training will not earn any further PDUs if he or she takes this training once again.

New Members’ Exemption from Earning PDUs

As a new member of the ChAD, you are exempted from having to earn PDUs for a period of 12 months after having successfully completed the Autorité des marchés financiers exams and received your certificate.

Carry-over of Five PDUs

Members who have earned extra PDUs are permitted to transfer up to five PDUs to end of the following compliance period.

Exemption from Earning PDUs Due to a Leave of Absence from the Profession

Should a representative wish to be exempted from his compulsory professional development obligations during a leave of absence from the profession for reasons of “force majeure” (sick leave, parental leave, etc.), he must inform the Chamber of this absence.

• Formulaire d’avis d’interruption (available in French only)

Classes and Subjects

The 20 PDUs that you are required to earn must come from the following five categories: Compliance, Administration, Insurance techniques, Law and legislation and Professional development

Compliance
These training activities must enable a member to become more knowledgeable and develop his/her expertise with respect to ethics and professional practice of damage insurance. This includes courses dealing with: The Act respecting the distribution of financial products and services, the Law and Rules of the Autorité des marchés financiers, keeping and preservation of books and registers, relevant legislation and regulations applied to damage insurance representatives and firms, ethics, inquiry process and the Privacy Act. A minimum of three (3) PDUs must be completed each compliance period.

Administration
These training activities must enable a member to become more knowledgeable and develop his/her expertise in the management and administration of a damage insurance firm. This includes courses on the following subjects: economics, accounting and finance, human resources management, marketing, information systems management, management and business strategies.

Insurance Techniques
These training activities must enable a member to become more knowledgeable and develop his/her expertise in the field of damage insurance. This includes courses dealing with: personal lines insurance, commercial lines insurance, risk management, claims adjustment, building services, investigation and loss-prevention techniques.

Law
These training activities must enable a member to become more knowledgeable and develop his/her expertise with respect to the relevant legislation and regulations. This includes courses dealing with: damage insurance, civil law and commercial law.

Professional Development
These training activities must enable a member to become more knowledgeable and develop his/her expertise in the field of damage insurance. This includes courses dealing with: customer service, sales techniques and knowledge transmission methods. A maximum of five (5) PDUs can be completed each compliance period

For more details, consult the

• Regulation respecting the compulsory professional development of the Chambre de l’assurance de dommages