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COUNCIL RULES

COUNCIL RULES Version: August 17, 2021 17 AUG2021 Page 2 COUNCIL RULES TABLE OF CONTENTS DEFINITIONS .. 3 RULE 1 licence CLASSES .. 5 RULE 2 INDIVIDUAL AND BUSINESS QUALIFICATIONS .. 6 Individual life Insurance Licences .. 6 Individual Accident and Sickness Insurance Licences .. 6 Individual General Insurance 6 Individual Insurance Adjuster Licences .. 7 Restricted Travel Insurance Sole-Proprietor Agent Licences and Course for Exempt Individuals .. 8 Nominee Requirements .. 9 Additional Education .. 9 Age Requirements .. 9 Business Registration and Name Requirements .. 10 Reactivation Provision .. 10 Equivalency Provision.

“LLQP qualifying exam” means the exam(s) set by Council based on the LLQP Design Document. “life agent supervisor” means an individual who holds and has held an active life insurance agent licence for at least 5 of the previous 7 years or as approved by Council and who undertakes to supervise

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Transcription of COUNCIL RULES

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CODE OF CONDUCT

www.insurancecouncilofbc.com

agent, to help the other agent circumvent the insurer’s internal policy that prohibited life agents from selling segregated funds unless they were also licensed to sell mutual funds. 3.4.7 Improperly rated a motor vehicle to circumvent AirCare. 3.4.8 Made false declarations to an insurer. 3.4.9 “Witnessed” a signature known to be a forgery.

  Vehicle, Motor, Motor vehicles