Initiative/Project Name: |
Reciprocal Licensing |
|---|---|
Status: |
Complete |
Description: |
The objectives of the Reciprocal Licensing Standards Committee was to research and recommend to CCIR and CISRO a model for reciprocal licensing that includes a harmonized proposal for errors and omissions insurance and continued education.
Fall 2006: The CCIR reviewed the status of the reciprocal licensing reliance model that was implemented as of July 4, 2006 in each jurisdiction where it was possible.
Under the reliance model, a host jurisdiction relies on most of the requirements of the agent’s home jurisdiction but can request that the agent meet some further jurisdiction-specific requirements.
The CCIR thanked the Reciprocal Licensing Committee for
a job well done, noted that they have fulfilled their mandate admirably
and agreed to disband the committee. |
Publications:
| Document Name | Date | Description |
|---|---|---|
| Jurisdictional Contact List for Licensing | August 2010 |
Licensing Contact Information for each jurisdiction that uses the LLQP. |
| News Release - Reciprocal Licensing | June 14, 2006 |
CCIR & CISRO introduce Reliance Model for Reciprocal
Licensing |
| Letter to Industry | June 8, 2006 |
Letter to industry announcing the adoption of a reliance
model of reciprocal licensing for the insurance agent/broker licensing
system in Canada effective July 4, 2006. |
| Stakeholder Submissions | January 2006 |
Stakeholder submissions regarding CCIR consultation
on Reciprocal Licensing |
| Consultation Document | November 2005 |
CCIR Consultation Document regarding Reciprocal Licensing |