Ethics and Professional Practice (Common Law)
Pricing
Standard Course Price | $70 |
Course Information
COURSE DETAILS
Delivery | Online |
Language | English |
Suggested study time | 7 hours |
Enrolment period | 1 year |
Practice exam | Yes |
Click here!Have questions?
WHO SHOULD ENROL
- Life insurers and life insurance agents
- Financial services professionals requiring continuing education (where applicable)
- Individuals who wish to broaden/improve their knowledge about ethics
- Rules relating to the activities of representatives
- Students looking to top up their provincial license requirements
EXAM DETAILS
Format | Computer-based Online Proctored Exam (IFSE eTest) |
Time permitted | 75 minutes |
Question format | Multiple choice |
Number of questions | 20 per module |
Passing grade | 60% |
Number of attempts | Maximum 4 attempts |
Click here! CE Credit Matrix
WHAT WILL I LEARN
- Legal framework governing life insurance
- Insurance policy provisions
- Life insurance, accident & sickness insurance and annuity claims-payment of proceeds
- Rules and principles governing the activities of life insurance agents and accident and sickness insurance
agents
FAQs
Yes, many of our partner colleges or universities across Canada offer IFSE’s Canadian Investment Funds Course (CIFC) and the Life License Qualification Program (LLQP). Note that our partners deliver our courses independently of IFSE and administer the programs on their own timeline.
For a list of Academic Partners, click here.
Follow these instructions.
- Choose the LOGIN/REGISTER box.
- For returning students, login using your username and password. Choose “Enrol in a Course” in the menu bar.
For new students choose "Become a Student" and supply all mandatory information in the following screens. - If you have a contract code and password, enter it where required and click "Yes". If you do not have a contract code, click "No".
- Choose the course you want to enrol in. Click “Next”.
- If optional products are available for purchase, they will appear for you to choose. Click “Next”.
- Complete your profile information as indicated on the screen. Take care in completing your mailing and shipping address to ensure that any materials that you have ordered will be delivered promptly and correctly. Click the "Save" button to proceed to the shopping cart.
- Verify your shopping cart information and click on "Process Payment".
- Review the Terms and Conditions completely. To accept the Terms and Conditions, check the box and click "Yes". If you do not want to accept the Terms and Conditions, click "No". Your course enrolment will be cancelled.
- Provide your credit card information and click on "Pay Now". Please do not touch the screen until your payment has been processed. A copy of the receipt will appear and can be printed for your records. The receipt will also be stored in your student record for future reference.
Exam results for Computer-based Test Centre Proctored and Computer-based Online Proctored exams are available online within 2 business days following the exam if you have no outstanding fees.
Exam results for Online Unproctored exams are available immediately upon submission.
Exam results for Paper-based Proctored exams are available online within 3 to 5 business days if you have no outstanding fees.
When your grade has been released, you can access your exam results by logging into your IFSE account. Once you have logged in:
- Choose “My IFSE”
- Choose “Courses”
- Choose “Show me my Marks for this Course” (this link only appears when your results are available).
There are several steps you need to take to become licensed to sell life insurance in Canada. View our blog post How do I become a life insurance agent in Canada? to find out how.
INSURANCE program courses are divided into the following 5 modules:
- Life insurance
- Accident and sickness insurance
- Segregated funds and annuities
- Ethics and professional practice (common law or civil code)
Depending on the license type and jurisdiction, you take the module combination that's right for you. Each module has an online proctored certification exam that requires a minimum grade of 60% for successful completion. You must pass all modular exams in order for IFSE to certify you.
For example, if you want to be certified for LLQP (common law), you must pass all the following modular exams before IFSE will certify you to write the provincial exams:
- Life insurance exam
- Accident and sickness insurance exam
- Segregated funds and annuities exam
- Ethics and professional practice (common law) exam
CIPR is a national registry for participants in the insurance industry. After you register for an insurance course, you must create a CIPR profile and provide IFSE with your CIPR number. Once you pass all your certification exams, IFSE will update your information on CIPR in order for you to register for your provincial licensing exams. You are responsible for ensuring your legal name is correctly reflected on your CIPR profile.
This optional product is a hardcopy version of the CISRO/OCRA manuals. The number of books you will receive depends on the course.
Course | No. of books |
LLQP (common law) | 4 |
LLQP (civil code) | 4 |
LLQP (Canada) | 5 |
A&S (common law) | 2 |
A&S (civil code) | 2 |
A&S (Canada) | 3 |
Books are delivered within five to seven business days of ordering. This product is not refundable.
Study guides are available online as part of your course registration. However, you have the option to purchase them in a hardcopy book format. The number of books you will receive depends on the course.
Course | No. of books |
LLQP (common law) | 4 |
LLQP (civil code) | 4 |
LLQP (Canada) | 5 |
A&S (common law) | 2 |
A&S (civil code) | 2 |
A&S (Canada) | 3 |
Books are delivered within five to seven business days of ordering. This product is not refundable.
If you are enrolled in an Insurance program course, you will be certified on the Canadian Insurance Participant Registry (CIPR) upon successful completion of the course. Certification dates are posted onto the CIPR system one business day after passing all modular exam in your course. You are responsible for ensuring your legal name is correctly reflected on your CIPR profile.
Please contact your provincial Insurance Council to register for the LLQP Provincial Licensing exams.
Your certification on the CIPR system is valid for a one-year period from the date you pass the final modular exam in your course. In general, you will have one year to pass all your modular exams. Please check your eligibility for licensing period with your provincial regulator.
You will be given a tablet to use when you attend your LLQP provincial licensing exams. Watch this video on how to use the tablet. Click here to view.