These licenses may be renewed from ninety 90 days prior to the end of their term up until five years following expiration without having to re-take an examination. An expired certificate is not valid for any radio operations. Educational Requirements. To become licensed as a general insurance agent, the applicant must successfully pass the qualifying examination for general insurance.
FSCO does not conduct the examinations. For more information call Sponsorship by Insurer. Sponsoring companies are responsible for investigating the record of the applicant and confirming the following:. Submitting a Licence Application. Other Licence Transactions. Renewals - Insurance agents licences are renewed every 2 years. Agents must renew their licence within 60 days prior to the expiry date on their existing licence. You need to be aware that there are different standards of training and support.
In other words, while a brokerage says it offers great training, it may not be as great as you want it to be. So what can you do? Choosing a great brokerage is definitely an important step in the process to getting your mortgage brokers license. In addition REMIC is the only educational provider that offers a free job placement assistance program. This program will help you choose a brokerage that you feel is right for you.
If you do not see your transitional college listed in the drop down of regulatory colleges, please select "other". A "unique SABS claimant" is any individual the service provider provided goods and services to in connection with statutory accident benefits i.
If the service provider has received payments from an automobile insurer for the same "unique SABS claimant" over multiple calendar years then the individual will be counted as one claimant in all applicable years. Each "unique SABS claimant" should only be counted once for all goods and services provided in connection with statutory accident benefits that relate to the same automobile collision, even if the service provider received payment for the same claimant several times during the calendar year.
If the service provider has received payment for the same "unique SABS claimant" for two different automobile collisions, the individual will be counted as two "unique SABS claimant" because the individual will have made two distinct claims to his or her automobile insurer.
The "unique SABS claimant" should be counted in the year in which payment was received from the insurer regarding the same automobile collision. For example: If the service provider submitted an OCF near the end of and received payment from the insurer in regarding the same automobile collision, the individual will be counted as a claimant in FSCO is not looking to collect information on those involved in the day-to-day operations of your business, such as administrative staff.
As part of the application process, FSCO will ask for details about the scope of your business. This will include questions regarding:.
Yes, the legislation does not prohibit anyone from being an officer, director or partner of the business structure of more than one licensed service provider. The Principal Representative will be notified by email if the licence application is approved.
There are no time limitations. However, if FSCO finds your business unsuitable it may not be able to be licensed. In addition, FSCO conducts suitability checks on prospective principal representatives, directors, officers, and partners of the service provider's business, as well as any interested person or entity acting on behalf of the business. Therefore, in addition to eligibility criteria, the application may be subject to review on grounds of suitability based on circumstances listed in Section 2 of the regulation.
If the Superintendent proposes to refuse to issue a licence, a Notice of Proposal process is initiated. In addition to information submitted on the application, an applicant may also have been the subject of a complaint or investigation by FSCO.
Note that providing false information on an application is an offence and will affect the decision to issue a licence. Applicant may be served with a Notice of Proposal by the Superintendent with reasons for refusing a service provider licence. No further action will be taken. Procedures and timelines for requesting a hearing before the FST will be provided in the Notice of Proposal.
A request for a hearing must be in writing and must be made within 15 days after the Notice of Proposal is given. When a Superintendent's decision is rendered, applicant's names and details of the matter may be published on FSCO's website.
No information will be published regarding withdrawn applications. Once your principal representative completes the application by submitting payment, he or she will receive a confirmation message via their FSCO Account notifying them that the application has been received. The business name or legal name of a business is the name of the business that is listed in the Articles of Incorporation or Partnership Agreement for a corporation or a partnership or the name of the sole proprietorship.
The trade name is the name that may be registered under the Business Names Act and for which a master business licence registration has been issued.
Many businesses carry on business under their trade name and not their legal name. For example, a business might be incorporated as "Alpha Productions Inc. For more information on the Master Business Licence or to get one, please visit Ontario. If your business address does not show up in the application system, use the closest available address.
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