Canadian Insurance Services Regulatory Organizations

Continuing Education Requirements


In some jurisdictions, life insurance agents are required to complete continuing education courses in order to keep their licences in good standing. The licence terms and continuing education requirements in each jurisdiction are shown below.

Continuing Education (CE) Requirements for Life Insurance Agents Across Canada

Province/Territory

Regulator

Licence/Certificate Term

CE Required

Alberta

Alberta Insurance Council

1 year

July 1 – June 30

15 hours

 

  • Must be completed between July 1 and June 30.
  • Maximum 7.5 hours carry-forward allowed from one certificate term into the next.
  • For first-time agents, CE is pro-rated at 1.25 hours per licensed month.

 

Link: Continuing Education FAQs

 

British Columbia

Insurance Council of British Columbia

1 year

June 1 – May 31

5, 10, or 15 hours

 

  • If licenced between March 1 and May 31, required to complete two years worth of CE credits for first renewal.
  • 5 hours - with approved designation* 
  • 10 hours - licensed as a life insurance agent for 5 of the last 7 years in a Canadian jurisdiction, without approved designation.
  • 15 hours - not licensed as a life insurance agent for 5 of the last 7 years in a Canadian jurisdiction, without approved designation.

*Approved Designations: CFP, CLU, RHU, FCIA, FLMI, CEBS.

 

Link: Continuing Education

 

Manitoba

Insurance Council of Manitoba

1 year

June 1 – May 31

15 hours

 

Link: Continuing Education

 

New Brunswick

Financial and Consumer Services Commission

1 or 2 years

Licences expire on March 31, June 30, September 30 or December 15, whichever is closest to the anniversary of the date the licence was issued without exceeding one year. Agents and brokers who have renewed their licence at least five times, who have not had disciplinary action against them and/or do not have conditions on their licence for any reason, may be eligible for a two-year licence.

 

None

Newfoundland and Labrador

Government of Newfoundland and Labrador, Digital Government and service NL, Financial Services Regulation Division

1 year

A licence remains in effect, subject to the filing of annual reports and payment of an annual fee. The filing date is the last day of the month based on when the licence was issued. For example, if the licence was issued January 16, the annual filing date is January 31 each year.

 

None

Northwest Territories

Government of Northwest Territories - Finance

2 years

Agent licences expire two years after the effective date with no specific renewal date.

 

None

Nova Scotia

Government of Nova Scotia

3 years

Agent licences expire three years after the effective date.

 

None

Nunavut

Government of Nunavut - Finance

1 year

All insurance salesperson licences expire annually on September 30.

 

None

Ontario

Financial Services Regulatory Authority of Ontario

2 years

Agent licences expire two years after the effective date.  Agents can apply to renew up to 60 days before their licence expires.

 

30 hours for every two-year licence period.

Prince Edward Island

Government of Prince Edward Island

2 years

Agent licences expire two years after the effective date.

 

None

Quebec

Autorité des marchés financiers

1 year

Representatives must renew their certificate annually. The expiry date of a certificate is set on the last day of month as determined by the first letter of the certificate holder's surname.

 

Examples

Surname beginning with A or B: February 1 to January 31

 

Surname beginning with C:

March 1 to February 28

 

Renewal of Certificate

Mandatory professional development is based on two-year reference periods that end on November 30 of an odd year.

 

30 or 40 professional development units (PDUs) per reference period:

 

  • 30 PDUs if the representative holds a certificate in one sector (insurance of persons or group insurance of persons) or
  • 40 PDUs if the representative holds a certificate in both sectors, including:
    • 10 PDUs in compliance with standards, ethics and business conduct,
    • 10 PDUs in general subjects and
    • 10 PDUs in insurance of persons and/or
    • 10 PDUs in group insurance of persons.

 

Autorité des marchés financiers (AMF):

Professional Development Units

 

Chambre de la sécurité financière (CSF):

Professional Development Requirements

 

Saskatchewan

Insurance Councils of Saskatchewan

1 year

Agent licences expire one year after the effective date.

 

15 hours

Yukon

Government of Yukon Territory

1 year

All insurance salesperson licences expire annually on September 30.

 

None