Once you have passed the Fundamentals of Insurance Exam or CAIB 1 exam in BC and got your license, you need get a certain number of Insurance Council of BC CE credits to maintain your license.
Insurance Council of BC CE Credits Requirement
These requirements vary depending on the class of license you have and your level of experience.
New agents/brokers who have been licensed for less than 5 of the last 7 years need 8 CE credits between June 1st and May 31st (the “licensing term”) each year.
Experienced agents/brokers licensed for more than 5 of the last 7 years need 6 CE credits.
If you hold a professional designation like a CAIB Designation, CIP, CRM, etc. you only need 4 credits.
Only courses covering technical material such as courses covering policy wordings count for credits. But if you have a Level 3 license, courses related to HR, management, and accounting will now count as “technical material”.
Licensees are responsible for making sure they get enough CE credits during each licensing term. The penalties could be severe including having your license suspended or even terminated if you don’t get your yearly credits. It’s important that you take the required CE courses and track your certificates so you can prove it.
Insurance Council of BC CE Courses
PNC Learning’s General Insurance CE Courses provides a full suite of 30+ accredited CE courses on an affordable subscription basis of $10/month (billed annually) to help you meet those requirements. All the programs are available online so you can get your credits quickly, anytime. Only need a few credits last minute? No problem, you can enroll in individual courses for $49 each.
Best of all, our system will automatically track the certificates you’ve earned on your account profile so you never have to worry about losing a certificate again. If you are audited by the Insurance Council of BC or by your manager/nominee, just log into your account and download your certificates!