What's New at the Insurance Council

What’s New at the Insurance Council | April 2021

Annual Filing: Complete Your Filing by June 1, 2021

Annual filing for all insurance licences is now open. The deadline to complete your annual filing is June 1, 2021.

Live Info Session on New Continuing Education Guidelines

Starting June 1, 2021, new Continuing Education Guidelines will be in effect for all Insurance Council licensees. Join us on May 18 for a live information session about the new guideline requirements.

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Provide Your Input: Proposed Rule 5 and 6(1)(b) Changes

Public consultation on proposed changes to two Council Rules: Rule 5 - Council Fees and Rule 6(1)(b) - Location Restrictions for General Insurance Salespersons closes May 11, 2021. Learn more about the proposed changes and provide your feedback.

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Appointment to Council

We are pleased to announce the following voting member re-appointments to the Insurance Council of BC:

Chamkaur Cheema (Lay person)
Frank Leong (General Company - Sovereign General Insurance)
Linda Lee (General Company - Gore Mutual Insurance)

See more information about the members of Council.

WEBINARS (Registration Ongoing)

Webinar for New Life Agents

The Insurance Council is pleased to offer a free webinar for new life agents or accident & sickness agents licensed June 1, 2019, and later. This session will provide an overview of definitions, life and accident & sickness agent professional responsibilities, and requirements for conduct, continuing education and E&O insurance.

Webinar for New Level 1 Salespersons

Are you a new Level 1 Salesperson (licensed June 1, 2019, onwards) looking for information on your responsibilities and requirements? Join us for a free webinar that covers licensee requirements, an overview of continuing education requirements, the temporary rule change on location restrictions, and licence renewal.

DISCIPLINE DECISIONS

Amarpal Singh Atwal, a former licensee, was disciplined in March 2020, for contravening the Insurance Council’s Rules and Code of Conduct by failing to notify the Insurance Council about personal bankruptcies, and making false statements on applications. Following direction from the Financial Services Tribunal, the Insurance Council has amended its sanction of Mr. Atwal, reducing the length of his licensing prohibition to a minimum of 12 months.

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What's New at the Insurance Council - April 2021