Aug 10, 2015 | News
Reminder, Renewal time is quickly approaching.
The deadline for completion of the Ontario General continuing education requirements is September 30, 2015 and there are no extensions for individuals to comply. Noncompliance of the continuing education requirements will result in the suspension of the license and suspended individuals may not conduct any business with members of the public until the license is reinstated.
- If you are “Inactive” or on leave of absences (maternity, sabbatical), you are still required to comply with the continuing education requirements to maintain registration eligibility.
- If you have not completed your continuing education requirements when completing your renewal form, you must indicate accordingly and attach a brief explanation to RIBO. By answering that you have completed the requirements when in fact you haven’t, you have knowingly falsified your renewal application. This is an act of misconduct and RIBO will refer your file to the Complaints and Discipline or Qualification and Registration Committee for review and disciplinary action.
It is each individual’s responsibility to keep track of their own continuing education hours for 5 years, even if the brokerage firm/employer keeps a record of it. Make sure a copy is kept for your personal files in event of a spot check or changing of employers. Individuals who cannot confirm compliance with the continuing education requirements following a spot check will result in having their licenses suspended. These individuals will not be able to conduct any business with members of the public until they are in full compliance and had their licenses reinstated by RIBO.
View RIBO Accredited Online Courses
Principal Brokers and Deputy Principal Brokers can only apply Management and Technical hours to their annual continuing education requirements and may not apply Personal Skills hours/credits. Principal Brokers who apply Personal Skills hours may experience a shortfall which will result in the firm being subject to review by the Qualification & Registration Committee for non-compliance of the Principal Broker requirements. Deputy Principal Brokers who are in non-compliance will result in the suspension of the license until full compliance has been met.
Important Information
Repeat seminars in a topic will not be credited towards an individual’s continuing education requirements for a three (3) year period unless there has been significant changes to the program content.
Eg. If an individual completes a “Directors & Officers Liability Insurance” course twice within a three (3) year period, only one of the certificates can be applied towards the continuing education requirements.
Aug 4, 2015 | News
The Chambre de la sécurité financière is a self-regulatory organization whose mission is to protect consumers by maintaining discipline and overseeing the training and ethics of its nearly 32,000 members. Those members practice in five sectors and registration categories:
- Group savings plan brokerage
- Financial planning
- Insurance of persons
- Group insurance of persons
- Scholarship plan brokerage
The Chambre carries out its mission by providing a stringent framework for the practices of the professionals who are its members and by contributing to the continuous enhancement of their knowledge.
A representative must accumulate the following professional development units (PDUs):
- 10 PDUs in general subjects;
- 10 PDUs in compliance with standards, ethics and business conduct*;
- 10 PDUs in topics specific to each sector or registration category in which him or her is authorized to pursue activities
View CSF Accredited Online Courses
| Insurance of persons |
10 PDUs |
| Group insurance of persons |
10 PDUs |
| Group savings plan brokerage |
10 PDUs |
| Group savings plan brokerage and Scholarship plan brokerage |
10 PDUs specific to group savings plan brokerage + 5 PDUs specific to scholarship plan brokerage |
| Scholarship plan brokerage |
10 PDUs including a minimum of 5 PDUs specific to scholarship plan brokerage (the remaining PDUs must be accumulated in group savings plan brokerage or in scholarship plan brokerage) |
* Every two reference periods (every four years), three of the PDUs a representative must accumulate in the subjects of compliance with standards, ethics and business conduct must be obtained during a training activity developed by the Chambre and offered by it or in partnership with it.
During a reference period, PDUs accumulated in excess of the number required in a specific sector or registration category or in compliance with standards, ethics and business conduct will be credited to general subjects.
Failure to comply with the rules governing compulsory professional development will lead to a suspension of the representative’s certificate or of his registration in the sectors or registration categories in which the requirements have not been met.
GENERAL SUBJECTS
- Management of a financial services firm
- Civil Code
- Accounting
- Economics
- Finance
- Business planning for clients
- Business planning for representatives
- Financial planning
- Tax planning
- Actuarial sciences
- Legislative environment
- Intestate and testamentary successions
SUBJECTS SPECIFIC TO EACH SECTOR OR REGISTRATION CATEGORY
Insurance of persons
- Client counselling
- Underwriting or risk management
- Disability insurance
- Life insurance
- Trusts
- Risk management in insurance of persons
- Underwriting in insurance of persons
- Accident or health insurance plans
- Segregated funds
- Strategy of wealth accumulation and use
- Financial needs analysis
- Deferred income plans
- Investor profile and asset allocation
- Investment strategy
- Retirement and estate planning
Group insurance of persons
- Client counselling
- Underwriting or risk management
- Disability insurance
- Life insurance
- Group insurance and group pension plans
- Benefits and underwriting in group insurance and group annuity plans
- Setting up a group insurance and group annuity program
- Preparing a rate schedule and analyzing group insurance and group annuity quotes
- Preparing a group insurance and group annuity recommendation
- Public and private plans
- Processing group insurance claims
Group savings
- Client counselling
- Underwriting or risk management
- Retirement and estate planning
- Trusts
- Strategy of wealth accumulation and use
- Deferred income plans
- Mutual funds
- Investor profile and asset allocation
- Investment strategy
- Knowing the client
- Registered plans
Scholarship plans
- Client counselling
- Underwriting or risk management
- Investor profile
- Knowing the client
- Strategy of wealth accumulation and use
- Scholarship plans
COMPLIANCE WITH STANDARDS, ETHICS AND BUSINESS CONDUCT
The following is a non-exhaustive list, solely for informational purposes, of subjects which may fall within this topic:
- Notions of ethics, standards of conduct and professional ethics
- Code of ethics of the Chambre de la sécurité financière and Regulation respecting the rules of ethics in the securities sector
- Decisions of the Disciplinary Committee
- Role of the syndic and inquiry process
- Role of the Disciplinary Committee and disciplinary process
- Compliance notions and programs
- Statutory and regulatory obligations of firms, independent representatives and independent partnerships
- Statutory and regulatory obligations of representatives
- Laws and regulations concerning the practice of members, firms, independent representatives and independent partnerships
Any structured training activity aimed at improving expertise in subjects related to laws, regulations and professional ethics in matters of insurance of persons, group insurance of persons, group savings plan brokerage or scholarship plan brokerage may be recognized under this topic.
Jul 29, 2015 | News
Where can you find all of your completed course CE certificates?
Need to double check how many CE you’ve completed this renewal period? Or how many CE you completed last year and can possibly carry over? As an ILScorp subscriber we keep all your completed course history on file for up to seven years, and your CE certificates are available to print immediately. To view your completed course CE certificates, login to ILScorp with your username and password via the Member Login. Go to the Home tab of your profile, and all of your completed course CE Certificates will be located under your Completed Course History Section. If your certificate is not showing under your Completed Course History section, you need to refresh your screen. Refreshing your screen ensures you have the most up-to-date version of a web page. On the most popular browsers you can press the F5 key on your keyboard or click on the refresh button inside your browser toolbar (this is the small window at the top of your screen that shows the URL address of the page you are on. Look inside your browser toolbar for the refresh button, an icon similar to these:
or 
OK I hit refresh on my browser, so why isn’t my CE certificate showing?
The majority of ILScorp courses have several lesson and quiz components. If one or more of the lessons is not complete the certificate will not show in the Completed Course History section of your profile. You must complete every lesson inside a course, including the quizzes, and pass the final exam in order to generate a CE certificate. Under “My Courses” click on the title of the course and check to see that you have completed each lesson, and passed each quiz including the final exam.
ILScorp accredited Continuing Education Courses are offered entirely online as either text or streaming video, and are designed to engage the learner so the learning experience is both interesting and entertaining. The online format allows you to access your courses anytime, anywhere you have an internet connection, and at your convenience. Once you purchase your subscription, you can begin taking your courses immediately. If you are a new subscriber, you will receive an automated username and password by email.
Jul 16, 2015 | News
CAIB Exam Prep, and Level 1 Licensing Virtual Classroom 4 week programs start Monday July 20th, 2015. Be ready to write your CAIB 1, 2, 3, or 4 exam or your Introduction to General Insurance Level 1 Licensing Final exam by August 14.
Student Benefits of an ILScorp Virtual Classroom Program
Daily Assisted Learning Virtual Classrooms with ILScorp
Moderated by long-time insurance educator Todd Hochban, the ILS Virtual Classroom Programs prepare you to write your insurance licensing exam in just four weeks, sending your insurance career to new heights!
Daily Assisted Learning Calendar
To keep you on track, we provide a study calendar that breaks down the insurance training courses into easy-to-manage daily study modules.
Online Video Courses
It’s like having your own private tutor with the added benefit of being able to pause, rewind and review at the touch of a button.
Online Discussion Forum
Have a question, ask the instructor! Post questions, review answers and really think about what you’re learning.
Weekly Practice Exams
Weekly practice exams simulate a real-exam environment so students are comfortable with the process.
Review Videos
Summarizes material covered. An extra study tool that you can come back to again and again!
Live Customer Support
Yes REAL PEOPLE! No telephone trees or unanswered emails.
Jul 13, 2015 | News
ILScorp has RIBO accredited online continuing education courses for Ontario General insurance brokers. These courses are all part of the popular ILScorp online General CE Course Subscription, which offers access to more than 175 RIBO accredited General insurance CE courses, and includes both technical and management CE categories.
Complete your mandatory Ontario General Insurance CE Requirements with our General CE Course Subscription
With the ILS General CE Course Subscription you will:
- have access to over 175 accredited general insurance training courses in both text and streaming video formats, including personal lines, commercial lines, auto, farm, professional management, technical and personal skills courses
- 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 Ontario general insurance continuing education requirements entirely online, no paperwork or commute
More Info / Purchase for $185
The Registered Insurance Brokers of Ontario (RIBO) is the self-regulatory body for insurance brokers in Ontario. RIBO regulates the licensing, professional competence, ethical conduct, and insurance related financial obligations of all independent general insurance brokers in the province.
| RIBO Continuing Education Requirements |
| Principal Brokers and Deputy Principal Brokers:10 hours of continuing education credits every year between October 1st and September 30th. A minimum of 5 hours must be in the Management category. The remaining hours may be in the Management or Technical category. There is a carryover of a maximum of 10 hours (or one term’s requirements) allowed for the next term (requirement of minimum of 5 hours in the Management category still applicable).All other licensed individuals:8 hours of continuing education credits every year between October 1st and September 30th in any category. There is a carryover of a maximum of 8 hours (or one term’s requirements) allowed for the next term.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 licence year that they were registered.Source: RIBO |
|
Call 1-800-404-2211 or go to www.ILScorp.com and get started today.
CE with ILS – fast, easy, done!
Jul 2, 2015 | News
First of all, what is the LLQP?
LLQP (Life License Qualification Program) is part of the Canada licensing regime for life insurance sales people (except Quebec.) Before an advisor in the financial services sector is allowed to begin selling life insurance products, they must complete and pass LLQP, and earn a certificate of completion.
To get your Life License, you must complete the Life License Qualification Program (LLQP) including the mandatory certification exam, which is included in the ILS LLQP program. Once you have successfully passed the LLQP certification exam, you can then apply to your provincial insurance council to challenge the provincial licensing exam.
Upon successful completion of the ILS LLQP Program, you will be able to:
- Demonstrate an understanding of the various components that make up the insurance industry, including the evolution and distribution of insurance products.
- Compare and analyze the application of various individual income replacement products including disability, accident and sickness, and other insurance products.
- Explain the various types of investment products, including the major classes of securities, and describe how they compare to insurance investments. As well, the student will be able to describe basic investment strategies, terms and concepts and be able to apply them while analyzing and fulfilling their clients’ needs and objectives.
- Analyze the benefits of group insurance and other various accident and sickness coverage and how they meet personal and business needs of clients.
- Demonstrate an understanding of the corporate types of insurance companies, how financial ratings are determined and the importance of ratings to consumers, agents and regulators.
- Describe the importance of underwriting (the evaluation of risk) and the key role that the field underwriter plays.
- Demonstrate an understanding of the process involved in policy issue and explain policy components and provisions as well as the importance of proper policy delivery.
- Analyze the principles and techniques of risk management and how they apply to insurance. In addition, the student will identify their role in diminishing or eliminating risk exposures.
- Describe the legal issues and regulations related to life insurance products and their distribution; describe the ways in which the criminal code impacts on agent conduct in the areas of misrepresentation, theft and forgery.
- Describe the sections of the provincial acts and regulations that govern the conduct of agents and the distribution of insurance.
- Learn how to conduct themselves in a professional manner.
Ready to take the first step to becoming life licensed?
ILScorp’s streaming-video LLQP is a complete and comprehensive online training course, which will give you the knowledge and skills to successfully challenge the provincial LLQP examination.
With the ILScorp LLQP, you will receive:
- access to the LLQP Life Insurance Course in video format;
- a series of exam-type case studies;
- an online mock exam; and
- one attempt at the Certification Exam (subsequent attempts are $109).
With the ILScorp LLQP you’ll have three months to learn and review – you dictate your pace of study, and can repeat any sections before moving on in the course, or come back to challenging concepts at any time. You should plan to spend between 80 and 120 hours preparing for the provincial LLQP exam.
LLQP FAQ
The ILS Life License Qualification Program is recognized and approved across Canada (excluding Quebec). It is valid for 13 hours of Continuing Education credit for Life/A&S in MB and Life in AB.
