Changes to Strata Insurance Laws - Practice Advisory and Q&A  On Friday, September 4, 2020, the provincial government approved changes to the laws regarding strata property insurance business. The changes introduce requirements related to referral fees, notification periods for changes to or non-renewal of strata insurance, and compensation disclosure.
The Insurance Council has released a practice advisory and Q&A document providing additional guidance about what these regulatory changes mean for licensees. Practice Advisory Q&A: Changes to Strata Insurance Laws These can be found at insurancecouncilofbc.com/notices. [Back to top]
AGM and Annual Report The Insurance Council held its Annual General Meeting of voting and non-voting members virtually on September 23, 2020. This was followed by a strategy session considering the regulatory implications of the online distribution of insurance. At the meeting, 2019/2020 chair, Lesley Maddison, provided an annual report of the Insurance Council's activities and its progress on the strategic plan. This was followed by a report on operations and a financial overview by CEO Janet Sinclair. The 2019/2020 Annual Report and Audited Financial Statements are available online. [Back to top]
Practice Support and Frequently Asked Questions  Do you have a question about a Council Rules requirement? Anticipating changing your licence status based on a life or work event? Looking for more information on a practice-related topic?
Our Regulatory Advisors can help answer your questions and serve as a resource for licensees. Contact us at 604-695-2008 or practice@insurancecouncilofbc.com, or see our list of Frequently Asked Questions. [Back to top]
Disciplinary Decisions Wah Shing Jacky Chan was disciplined for failing to meet the requirements of the Insurance Council’s continuing education program for three licensing years. More See the full list of disciplinary decisions [Back to top] | 
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