Sep 23, 2013 | News
The LLQP is a one-step licensing program designed to help you prepare to work in the life insurance industry. ILScorp offers the first fully online Life Licensing Qualification Program in Canada.
The ILS LLQP insurance training program offers a complete and comprehensive streaming-video course, which gives you the knowledge and skills you’ll need to successfully challenge the provincial LLQP examination. The online program provides six months of access to the LLQP Life Insurance Course in video format, a series of exam-type case studies, an online mock exam and your certification exam.
Students generally spend between six and nine week (80 and 120 hours) preparing for the provincial LLQP exam and with the ILScorp LLQP you can review any subjects you’d like before moving on in the course. The ILScorp LLQP negates the need for a textbook, as all of the information needed to successfully challenge the LLQP provincial examination is included in the online course. Case studies, sample exam questions and scenarios are all part of the online curriculum.
When you register to take 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
- Your Certification Exam
- Six Months of Access
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.
- Compare and analyze the application of various 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 as 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 the 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.
- And much, much more!
The ILScorp LLQP online course is facilitated by Bob Ransom, CLU, CHFC and CFP. Mr. Ransom has been an active member of the Canadian insurance and financial services industry for more than 30 years. He has spent many of those years in the development and delivery of Accident and Sickness and Life Insurance Certification courses and related workshops. View a demo of the LLQP course here.
The ILScorp LLQP course is available for $309.95. For more information about this and other online insurance courses, visit ilscorp.com or call 1-800-404-2211.
Sep 19, 2013 | News
For many people, autumn driving conjures up images of winding country roads lined with fall foliage. The reality can be somewhat different as those leaves drop, the fog rolls in and rain starts to fall. Conditions can change quickly in the fall and insurance agents can serve their clients by educating Canadian drivers with safe driving tips. In addition to keeping drivers safe, following road safety rules can keep insurance rates down for all drivers.
Fall weather is often unpredictable and driving conditions can change from perfect to miserable within minutes. Additionally, shorter days mean that many Canadians will soon be commuting to and from work in darkness. Instead of being one of the better times of the year for driving, fall is actually one of the more treacherous times of the year to be driving.
Before starting on any trip, it is always good to give your vehicle a pre-drive inspection. Make sure the tires are properly inflated and show plenty of tread, check to see all lights and turn indicators are working properly and make sure the engine has the correct fluid levels. Clear all windows before you leave the driveway by running the defroster on high or wiping off the glass.
Once out on the road, it is imperative to pay attention to weather and road conditions. Frosty patches, fog, black ice, rain, and falling leaves all present hazards to the unwary.
1. Frost: A shady patch of highway can have less traction than other parts of the road. Combine some frost with a blind corner and the results can be deadly. Use caution if your driving takes you over bridges, down tree-lined roads, or anywhere where shadows cross dew-laden highways. Drive within the posted speed limits, slow down before blind curves, and look well ahead to spot any shaded areas.
2. Fog: Fog is found in low lying areas or in places surrounded by trees, hills or mountains. Fog can limit visibility and change the perception of distance. When encountering fog, slow down. Many crashes happen in fog because the driver was going too fast for conditions and rear-ended the vehicle ahead. Reduce your speed, don’t overdrive your headlights and use extra caution.
3. Black ice: Black ice is caused by moisture freezing on a roadway surface. Usually unseen by drivers, it forms below overpasses, on bridges, in shaded areas and where there is water running across pavement. If you are driving in an area where frost occurs, black ice is always a possibility. If the asphalt looks shiny and black rather than grey or white, use extra caution, reduce your speed and avoid using cruise control.
4. Rain: Early fall storms can often be sudden or include heavy rainfall. During the summer, an accumulation of oil and rubber buildup on roadways could become extremely slick with a heavy rainfall. Slow down in the rain, avoid any hard braking, look well ahead and when approaching a mandatory stop intersection, brake sooner and more smoothly than usual.
5. Fallen leaves: Once leaves become wet, they can present slippery and dangerous driving conditions. Be sure to watch for patches of wet leaves on the road or on road lines. Dry leaves can also present a problem to your vehicle. Avoid parking your vehicle near leaf piles to prevent fires that could start from your vehicle’s catalytic converter.
Also drivers should be reminded that safety starts with them. Drivers should be alert and plan ahead for changing conditions.
1. Stay alert on the road: Shorter days mean reduced visibility on the roads, which can create unfamiliar driving conditions. Use additional caution and adjust their driving habits to watch for pedestrians, cyclists and other roadway users who will be less visible.
2. Avoid sun glare: You may need to adjust to the different morning or late afternoon glare from the sun. The glare can cause reflections off car windows and hoods and decrease your visibility. Have a good pair of sunglasses readily available to counter daytime glare, and consider lenses with anti-reflective coating to reduce glare at night.
3. Plan ahead for wet conditions: Fall often brings rainfall, which can decrease visibility and cause hydroplaning. Make sure your windshield wipers are in good working condition. If driving on a road with excess water, slow down and avoid sudden movements with the steering wheel or brake pedal. In an especially heavy downpour you may want to pull off the road until it’s safe to continue.
4. Use Caution on Bridges: During fall and winter months, bridges can be very dangerous. Bridges are exposed to the elements on both top and bottom, so they will freeze over before the rest of the road. Use caution when transitioning from the pavement to a bridge surface.
5. Nighttime Driving: Make sure your headlights are turned on and clean as the sunlight fades. Reduce your speed and increase your following distance particularly when driving at dusk or at dawn. To get the best visibility, make sure your headlights are properly aimed; this is important so that the lights don’t bother other road users.
Are you an insurance agent wanting to learn more about Ontario or BC vehicle insurance programs? ILScorp offer insurance training programs for ICBC Autoplan, and an Ontario Auto Expert course. Both of these insurance continuing education courses can be completed online, anytime, through ILScorp.
Sep 18, 2013 | News
Is the upcoming general insurance continuing education deadline causing in stress in your office? It’s human nature to wait until the last minute, so Ontario Insurance agents – we’re here for you. Ask around your office, and you’ll probably find five or more people who need to complete their CE hours by the Sept. 30 deadline, which is why ILScorp offers group subscriptions to our online continuing education courses.
If you have a group of five or more employees who need to complete their CE courses in order to meet insurance licensing requirements, then a group subscription to ILScorp’s online General Insurance continuing education courses may be the perfect solution to your agency’s insurance training needs.
ILScorp provides online insurance training for more than 22,000 Canadian insurance professionals each year, and the General Insurance subscription offers access to more than 160 courses and 300+ credits hours. Individual subscriptions are priced at only $175, but with a group of five or more, save $50/pp. Group members get unlimited one-year access to ILScorp’s extensive General Insurance CE course catalogue. Individual subscriptions provide six months of access.
Why choose ILS?
- All of our courses are accredited and are written by insurance training experts.
- Our text and video courses engage the user so the learning experience is both interesting and entertaining.
- Access your online insurance CE courses from anywhere you have an Internet connection.
- 160+ courses means you’ll find something relevant to your career.
- 50+ courses have been recently updated and re-accredited.
- Buy now for instant access. Register or renew online and get started today.
Learn more about group subscriptions at ILScorp.com or call 1-800-404-2211 and get started today.
Continuing Education with ILScorp – Fast, Easy, Done!
Sep 17, 2013 | News
Fall is a busy time here at the ILScorp offices with live classes, new courses being launched and continuing education deadlines coming up in Ontario and Alberta.
We want to wish good luck to the approximately 30 students taking part in West Coast Training’s Live Immersion Class in Vancouver this week. By Friday, they’ll be writing their ILS Introduction to General Insurance level 1 licensing exams, and be ready to start their insurance careers! These classes have an average pass rate of 80-85%, thanks in part to the dynamic insurance training by Todd Hochban. But even if you can’t make it to Vancouver, you can still learn from Todd through the ILS online video version of the insurance licensing program.
Some of our team will also be heading to the Westin Bear Mountain Resort in Victoria in a few weeks to host a customized 5-day insurance training course for a group of commercial insurance agents from across Western Canada.
Our development staff have been working hard as we’ve launched new online courses in recent weeks, including: two courses for ICBC Autoplan insurance agents in BC; and an Introduction to Public Sector Procurement, including one specific to Atlantic Canada. These courses, along with the more than 50 recently updated and re-accredited Continuing Education courses, can all be purchased from the ILScorp website.
And the phones and emails are keeping our customer service staff busy, as insurance professionals in Ontario are nearing their continuing education deadline of Sept. 30. This is followed a month later by the Alberta insurance CE deadline of Oct.31. Our staff are here to help Monday-Friday from 8 a.m. – 5 pm Pacific Time at 1-800-404-2211, or you can register for your courses online anytime.
You can always follow our blog to learn more about what’s new at ILS and in the insurance industry, or sign up for the ILStv daily or weekly newsletters and get Canadian insurance news delivered to your inbox.
So that’s what we’ve been up to, now how about you? Are you settling into the busy fall season? Do you see an upswing in business after the summer? Leave us a comment below!
Sep 12, 2013 | News
The Toronto Police Service and insurance company Aviva Canada have released details of a recent insurance scam that has left individuals without auto insurance coverage and cost them hundreds and, in some cases, thousands of dollars.
“With the anonymity and ease of classified websites, we have seen a sharp increase in the amount of fake motor vehicle liability insurance cards, also known as pink slips, being sold online,” said James Russell, Chief Underwriting Officer for Aviva Canada. “Consumers need to be aware that some individuals have made a business out of defrauding others and use this type of scam as a regular source of income.”
On Sept 10, Toronto Police Service officers arrested Serafattin (George) Solak outside of his Edmonton home and he has now been charged with:
- 1 count of Fraud over $5,000
- 13 counts of Fraud under $5,000
- 8 counts of Uttering a Forged Document
- 4 counts of Misleading Receipts
- 8 provincial charges of Sell, Give, Distribute Insurance Card
During the arrest, police officers seized fraudulent Aviva Canada motor vehicle insurance liability cards.
“We want to emphasize that the charges against Mr. Solak are just one instance. Other would-be criminals are trying this over and over again,” said Russell. “What people are buying from these individuals is not insurance – it’s just a piece of paper that comes with a big risk. Any driver using a fake insurance slip instead of securing valid coverage could potentially be sued for millions of dollars.”
The charges were laid by Toronto Police Service after Aviva Canada provided evidence of fraudulent activity. It is alleged that Mr. Solak advertised insurance for sale on various online classified websites including Kijiji and Craigslist. It is also alleged that he met with a number of potential victims in person, accepted cash or cheques and provided false motor vehicle liability insurance cards.
The Financial Services Commission of Ontario has also issued a public warning about Mr. Solak and his connection to a fake insurance scam.
What happens to those who are caught with false insurance?
Having false insurance means a driver has no insurance at all, which is illegal. If it is discovered that a driver has a false auto insurance card, they could be charged with a criminal offence, possibly leading to first-time penalties of:
- A minimum $5,000 fine, up to a maximum of $25,000.
- Vehicle seizure for up to three months, with the owner responsible for all storage costs.
- Driver’s license suspension for up to one year.
- For a second conviction the minimum fines double, and there is the possibility of being charged with a criminal offence.
What happens to those who have false insurance and who are involved in an auto collision?
Those having a false auto insurance card (meaning no valid insurance) and are involved in a vehicle collision:
- Will not be covered for any collision damage to their vehicle.
- Are not eligible to sue anyone else for damage to their vehicle or bodily injury, even if they weren’t at fault.
- Can be sued for damage to the other vehicles involved in, or for bodily injuries that resulted from, the accident and will be held personally liable leading to wage garnishing or property liens.
It is also important to note that if a family member or friend is driving the falsely insured vehicle, they can be charged and/or sued for damages.
What can consumers do to protect themselves?
Be mindful that if a deal seems too good to be true, it likely is.
- Never purchase insurance with cash.
- Call the company listed on the policy to ensure it is valid.
- Never meet in a public place with someone that claims to be an insurance representative. Insurance brokers or insurers will have branded websites and/or an office; they will not likely ask to make a transaction in a public place.
- Remember that even if the motor vehicle liability insurance card looks legitimate, it could still be a fake.
- Report it, report it, report it! If enough consumers alert authorities of this activity, fraudsters will be easier to capture and convict. Call the Insurance Bureau of Canada’s TIPS line at 1.877.IBC.TIPS, the Financial Services Commission of Ontario’s Fraud Hotline www.fsco.gov.on.ca/TipNow or call 1-855-5TIP-NOW, or Crime Stoppers (1-800-222-TIPS).
Excerpted from Newswire.ca.
Ontario Insurance agents – are you an Ontario Auto Expert? Take the ILScorp course, and learn more about vehicle insurance in Ontario. ILScorp also has two new online courses for BC Autoplan Agents.
Sep 12, 2013 | News
Are you considering an insurance career? Wondering where to find a Canadian insurance training course? ILScorp is here to help you get started working in the insurance industry in Canada, with several online and classroom-based licensing options.
According to Statistics Canada, more than one million Canadians were employed in the insurance and financial sector in 2012 – and there’s always room for more. Consider the following numbers from Insureconomy, a review of the insurance sectors in Ontario, New Brunswick and Nova Scotia:
- From 2004 to 2010, total employment in the insurance industry across New Brunswick grew by 49 percent – faster than all other provinces in Canada.
- The insurance industry has been growing steadily in Ontario since 2005, with insurance carriers increasing their workforce by 18 percent. Overall, the insurance industry increased total employment by over 12 percent – well above the provincial employment growth rate of only 4 percent.
- Direct employment in Nova Scotia’s insurance industry has been on the rise since 2005. From 2005 to 2008, 655 new jobs were created by the insurance industry.
There’s never been a better time to get involved in this growing and dynamic industry.
The first step to starting your insurance career is through accredited insurance training and a provincial insurance licensing course and exam.
Canadian provinces each have varying rules and regulations for insurance training, licensing and continuing education for insurance agents and adjusters.
ILScorp offers the newest level 1 insurance licensing program – the ILS Introduction to General Insurance – now accredited in BC, Saskatchewan and Manitoba. The Introduction to General Insurance can be completed online any time, or register for the ILScorp Virtual Classroom, or for a live immersion classroom program.
ILScorp also offers exam preparation courses for Fundamentals of Insurance, CAIB (Canadian Accredited Insurance Broker) and RIBO (Registered Insurance Brokers of Ontario).
All of these exam prep courses are offered online, and are designed to prepare you to write the exam in your home province. They are also available as Virtual Classrooms and, in select locations, as live immersion classes.
To learn more about the insurance licensing requirements for your province, visit ILScorp.com or call us at 1-800-404-2211 to discuss your training needs.