As a licensed advisor, you must comply with all regulatory requirements and guidelines, including privacy, anti-money laundering legislation, and the Code of Ethics contained in applicable Provincial legislation, plus your MGA or Insurance Company Guidelines and Compliance manual, and by professional guidelines as adopted by insurance regulators, and industry recognized professional organization.
One Provincial Legislator lists three key categories emphasizing the importance of compliance in the financial services industry:
1. Contributing to public confidence in the insurance sector.
2. Promoting high standards of business conduct; and
3. Protecting insurance consumers.
In this presentation the advisor will learn about:
- Advisor Compliance Requirements
- How to create and maintain a compliant client file
- Advisor’s standard business process
- Advisor Disclosure Template/Processes
- FNA - Full Completion
- Reason Why” letter
- Privacy and CASL consent
- Policy File - Prohibited Items & Pre-signed Blank Forms / Signatures
- Required CE Hours for Renewal, E&O Insurance, AML Policies/Procedures
- Needs-based Sales Practices
- Privacy Policies/Procedures
Be in the know, protect yourself, and run a compliant life insurance and segregated practice. Ensure that you stay abreast of regulatory standards and fulfill the role of an expert, keeping an eye on all developments and ensuring that fully implement compliance processes.
