Life
Continuing Education for Life Licencees
Part IX Continuing Education
9-1 Rules for qualifying for continuing education
(1) Licensees are required to earn a minimum of fifteen credit hours of continuing education in each annual reporting period
(2) The education must take place in an environment structured for learning which can include, but is not limited to, classroom, seminar, on-line and self-study.
(3) One hour of instruction is equal to one hour of continuing education credit.
(4) 30 minutes of instruction is equal to 0.5 hours of continuing education credit.
(5) Courses less than 30 minutes in duration do not qualify for continuing education credit.
(6) A maximum of eight credit hours will be allowed in any calendar day.
(7) Only credit hours earned in a reporting period are eligible unless written consent is provided by LlCS.
(8) Courses must be taken through course providers outlined in sections 9-4 and 9-5.
(9) Failure to comply with the continuing education requirements shall result in a suspension of licence until the licensee has earned the required continuing education credit hours.
Definition of Continuing Education
Part IX Continuing Education
9-2 Definition of continuing education
(1) Only courses that provide technical education are considered to qualify as continuing education including courses that directly relate to:
(a) life or accident and sickness insurance products;
(b) financial planning provided that a maximum of five hours per year is related to non-insurance sectors such as securities and mutual funds;
(c) compliance with insurance legislation and requirements such as LlCS' Code of Conduct, the Act, the regulations, these bylaws, privacy legislation, anti-spam legislation and anti-money laundering, and anti-terrorist financing legislation;
(d) ethics;
(e) errors and omissions insurance; and
(f) courses leading to an approved designation such as:
(i) Chartered Life Underwriter (CLU);
(ii) Certified Financial Planner (CFP);
(iii) Registered Financial Planner (RFP);
(iv) Certified Health Insurance Specialist (CHS);
(v) Certified Employee Benefit Specialist (CEBS) ;
(vi) Personal Financial Planner (PFP) ;
(vii) Certified International Wealth Manager (CIWM);
(viii) Elder Planning Counselor (EPC); and
(ix) such other designations as are approved by Council.
(2) To receive credit for the purposes of continuing education, the licensee must successfully complete the course.
(3) Courses, programs or meetings related to sales promotion, promotion or motivation do not qualify for credit hours.
(4) Courses related to computer training do not qualify.
(5) Credit hours earned for an ethics course can be applied towards a licensee’s continuing education requirement.
Non-resident licensees
Non-resident licensees are required to comply with the continuing education requirements in this part unless they can provide evidence they are complying with a continuing education requirement in their resident jurisdiction.
Segregated Funds
A licensee shall not act as an insurance agent in the sale of segregated funds unless the licensee has passed an acceptable segregated fund course/exam approved by Council.
Please email evidence of completion to info@skcouncil.sk.ca in order to remove the Segregated Fund Restriction from the licence.
The PDF version of the listing is available here.
Approved Segregated Fund Exams/Courses
January 1, 2016 to current
Provincial LLQP Exams
Provide evidence of successfully passing all of the LLQP modules:
- LLQP – Accident & Sickness Insurance
- LLQP – Ethics & Professional Practice (Common Law Provinces)
- LLQP – Life Insurance
- LLQP – Segregated Funds and Annuities
Advocis
- Provide evidence of successfully passing the Advocis Segregated Fund course and exam.
CSI Global Education Inc. (CSI)
- Provide evidence of successfully passing the Canadian Securities Course; OR
- Provide evidence of successfully passing the Investments Funds of Canada course and examination.
C.E. Network Inc.
- Provide evidence of successfully passing the C.E. Network Inc. Segregated Fund course and examination.
IFSE Institute
- Provide evidence of successfully passing the Canadian Investments Funds course and exam.
Learning Partner
- Provide evidence of successfully passing the Learning Partner Segregated Fund course and exam
Primerica Life Insurance Company of Canada
- Provide evidence of successfully passing the Primerica Segregated Fund course and exam (restricted to Primerica segregated funds only)
Prior to January 1, 2016
Advocis
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through Advocis; OR
- Provide evidence of successfully passing the Advocis Segregated Fund course and exam.
Business Career College
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through the Business Career College.
CSI Global Education Inc. (CSI)
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through the Canadian Securities Institute; OR
- Provide evidence of successfully passing the Canadian Securities course and exam; OR
- Provide evidence of successfully passing the Investments Funds of Canada course and exam.
C.E. Network Inc.
- Provide evidence of successfully passing the C.E. Network Inc. Segregated Fund course and exam.
IFSE Institute
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through the IFSE Institute; OR
- Provide evidence of successfully passing the Canadian Investments Funds course and exam.
ILS Learning Corporation
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through ILS Learning Corporation.
Insurance Institute of Canada (IIC)
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through the Insurance Institute of Canada (IIC).
Learning Library/Ment-r.com
- Provide evidence of successfully passing the Full LLQP Exam AND confirmation of taking the LLQP Course through the Learning Library/Ment-r.com LLQP.
Learning Partner
- Provide evidence of successfully passing the Learning Partner Segregated Fund course and exam.
Oliver Publishing
- Provide evidence of successfully passing the Full LLQP AND confirmation of taking the LLQP Course through Oliver Publishing.
Primerica Life Insurance Company of Canada
- Provide evidence of successfully passing the Full LLQP AND confirmation of taking the LLQP Course through Primerica; OR
- Provide evidence of successfully passing the Primerica Segregated Fund course and exam (restricted to Primerica segregated funds only).