Good day!

The following information is from the Insurance Council of Manitoba. It contains very important news about licensing changes for Life and Accident and Sickness agents. You may see this on other areas of our web site as well, but we want to make sure that Manitoba Life and A&S agents are aware of these changes.

Straight from the Council:

Please note there has been a change in regulation and effective June 1, 2009 the definition of allowable continuing education (CE) credit hours for Life and Accident & Sickness agents will change.  Additional information including a new application will be available shortly, and further information will also be posted on Council’s website when available.

 

Continuing Education Definition

 

Continuing education for a Life and/or Accident and Sickness licensee must be directly related to life and accident and sickness insurance products or services, or the operation of an insurance business.

 

A maximum of 5 CE credits of the required 15 may be related to segregated funds.  This maximum of 5 may include investment related education if it is directly applicable and relevant to segregated funds. 

 

Content excluded from allowable CE credits are programs based on sales production, promotion, motivation, computer training, and any education not related to products or activity for which the licence is held. 

 

Allowable content would include ethics, errors and omissions coverage and compliance with insurance related legislation and regulatory requirements both Provincial (Manitoba) and Federal (e.g. Code of Conduct, the Insurance Act, Rules and Regulations, privacy legislation, anti-terrorism or money laundering legislation, and replacement requirements). 

 

For more info visit the Insurance Council of Manitoba.