The Insurance Institute has announced a new course for auto insurance professionals in Saskatchewan on new restricted auto licensing requirements in the province.
The new Saskatchewan Automobile Restricted Licensing Agent course is launching in Regina on May 11.
The two-day course meets the Insurance Council of Saskatchewan’s (ICS) new restricted automobile-only licensing requirements and is available to professionals who are already in the field, and those new to the field, the institute said.
Roughly 52% of auto policyholders in the province hold only the minimum liability coverage requirement, the institute said, which is much higher than other provinces where only 5% to 15% of policyholders only have the minimum.
“Insurance professionals who successfully complete the course will be highly proficient in advising consumers on what type of auto liability protection they will need and in return, increase auto liability protection sales,” Peter Hohman, the institute’s president and CEO said in a statement. “Likewise, consumers will benefit by receiving accurate advice on the most optimal auto insurance coverage for them.”
The course material was developed from content such as laws and regulations, key terms and provisions that have an impact in Saskatchewan, basic plate coverage, extension coverage and the claims process.
The course will be offered as traditional in-class in Regina and Saskatoon, and as self-study. The institute will also be offering exam sessions that will include the opportunity to write
the General Insurance Council bylaw exam at the same time.
Successful participants will receive a certificate at the end of the course and will have one year from exam completion to obtain the Restricted Auto license through the Insurance Councils of Saskatchewan. After one year, students would be required to rewrite and pass the exam again.
More details on the course and steps for registration are available on the Insurance Institute’s website.