In this article, we have summarized the annual continuing education (CE) requirements as set by the Insurance Council of BC on June 1, 2021.
Annual CE Credit Requirements
Per Council Rule 7(5), licensees must meet the following requirements of the CE program established by the Insurance Council of British Columbia:
|Licence Class||Number of Credits* Required||Maximum Carry Forward||Period for completion|
|Life and/or Accident & Sickness Insurance Agents||15 credits||15 credits||June 1 – May 31|
|General Insurance Agents and Salespersons||8 credits||8 credits||June 1 – May 31|
|Insurance Adjusters||8 credits||8 credits||June 1 – May 31|
|Travel Agency Employees/Salespersons||2 credits||2 credits||Jan 1 – Dec 31|
*Each hour of instruction time is eligible for one continuing education credit. Partial credits are granted in increments of fifteen (15) minutes.
What qualifies for CE credit?
Continuing Education (CE) is learning needed to maintain a “standard of professional competence”. Licensees also need it to stay current with changes in the insurance industry. CE may be obtained through a variety of learning methods to maintain or increase the licensees’ knowledge of the insurance products they sell.
Accepted continuing education is technical material directly related to:
- Insurance products*
- Compliance with insurance legislation and licensee requirements such as Council Rules, the Council’s Code of Conduct, the Insurance Act, and privacy legislation;
- Errors and omissions; or
- Management, accounting, and human resources (for nominees and level 3 general insurance agents only).
*For Travel Agency Employees/Salespersons training must be related to travel insurance products
What Does Not Qualify for CE Credit?
In general, non-technical course content or non-insurance content will not qualify for continuing education credit. This means that course content that primarily involves the following does not qualify:
- Marketing or sales techniques;
- Training on how to use computer programs;
- Self-improvement or self-help;
- Non-insurance products (i.e., mutual funds or securities products and services); or
- Hours spent developing, leading, teaching, or presenting a course or seminar.
The Insurance Council of BC requires all licensees to keep CE records for 5 years.
Examples of continuing education records include:
- continuing education certificates provided by the course provider;
- attendance sheets provided by the course provider; and
- written confirmation from the course provider stating the course was successfully completed.
Keep all records including proof of attendance and completion, course name and description, relevant course content, and the number of hours completed. If you are audited, you will be asked to provide all records and certificates.
- Licensees in each class of licence are required to complete a minimum number of CE credits for that class of licence.
- The number of CE credits is set regardless of the number of years licensed or additional professional designations.
- Licensees can carry over up to one year’s worth of CE credits.
- Licensees are required to keep records of their completed CE for five (5) licence periods.
- Licensees should keep detailed CE records in case of an audit.