The new regime has been given the designation of “the harmonized Life Insurance Licensing Qualification Program”. The CISRO/AMF plan would replace the content and exams of the existing LLQP program (the Life Licensing Qualification Program), a program with the development of which I had more than a casual involvement a decade ago.
This ‘son of LLQP’ process initiated by the insurance regulators is, in CISRO’s dealings with those directly concerned, every bit as arrogant in its presentation and the imposition of a plan to bring in a new LLQP regime as it was a decade ago.
In my comments about the ‘harmonized LLQP’ and other life insurance industry matters, I have stressed the core role played by active, selling life insurance agents; why regulatory actions which have the effect of needlessly complicating and therefore depressing entrance to the active agency system should be resisted; why Canadians are under-insured and the fact that Canda is NOT a mature market for individual life insurance.
Alastair Rickard – RickardsRead – June 2, 2014
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