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LLQP Insurance Course

(Prerequisite course to qualify to write the provincial Life Licence Qualification Program (LLQP) examination)

IMPORTANT

Please make certain to enroll in the course that reflects the licensing requirements of the province(s) or territories where you will be selling insurance. If you wish to sell insurance in any province (except Quebec) you should select the “Common Law” course. If you wish to sell insurance only in the Province of Quebec then you should select the “Civil Code” course. If you wish to sell in insurance in all provinces (including Quebec) you should select the Canada course. You must pass ALL modules in the course you chose before CSI can confirm your eligibility to write your provincial exam. The Common Law & Civil Code courses each consist of 4 modules; The Canada course consists of 5 modules.

How can you Master The World Of Insurance?

The LLQP Insurance Courses cover the curriculum prescribed by the Canadian Council of Insurance Regulators in a comprehensive yet concise manner. You'll gain a comprehensive knowledge of the insurance industry, products and business.

The following four competencies comprise the LLQP:

  • Develop an ethical professional practice, in compliance with the rules governing the life insurance sector, insurance of persons sector (including group insurance of persons)
  • Recommend individual and group life insurance products adapted to the client's needs and situation
  • Recommend individual and group accident and sickness insurance products adapted to the client's needs and situation
  • Recommend segregated funds, individual annuities and group pension plans adapted to the client's needs and situation

These topics are covered in depth in the following modules :

  • Life Insurance
  • Accident and Sickness Insurance
  • Segregated Funds and Annuities
  • Ethics and Professional Practice (Common Law and\or Civil Code)
  • Life Insurance Taxation Principles (Optional Module) - This content is not examinable but will help you to acquire a thorough understanding life insurance taxation and related strategies.

This is a modular course with corresponding online examinations for each module. It has been designed to reflect the content and examination requirements set out within the provincial regulators’ curriculum document.

Note: The provincial LLQP examination will be an open book format and all candidates will be provided with an electronic copy of the modules at the exam centre. For information on your provincial exam please visit CISRO website at https://www.cisro-ocra.com/ListofCISROmembers

To continuously improve the licensing examination the provincial insurance regulators have advised that they will include a small number of pilot questions on each examination. The time allotted for the examination takes these pilot questions into consideration. Please note that the calculation of your final mark will not include the pilot questions.

What Does the LLQP Course Cover?

  • Life insurance products including term life, permanent life, universal life and life insurance taxation strategies
  • Disability, accident and sickness insurance
  • Risk management and needs analysis
  • Underwriting, pricing, claims; life insurance applications, policies, the role of the agent
  • Investment products such as common shares, debt securities, mutual funds and segregated funds
  • Canadian tax system, investment income and tax strategies
  • Savings and retirement plans such as RRSPs, TFSAs, RESPs, RRIFs, OAS, CPP/QPP, Individual annuities and group pension plans
  • Legal context and role of the organizations that protect clients
  • Insurance ethics and professional practice considerations

What's New

Topics: 

Level of changes: 

Life Insurance 

Minor updates on three chapters: 

7- Life Insurance Taxation strategies  

8 - Business Life Insurance  

10 - Business Owners  

Ethics Canada 

Minor updates & clarification 

Ethics Quebec 

Minor updates & clarification 

Segregated Funds 

Minor updates 

Accident and Sickness 

Minor updates in chapters 1 and 5  

Taxation (non-examinable) 

Minor update based on the 2020 tax and retirement numbers 

 

 

What's included in the LLQP Insurance Course?

  • An electronic textbook consisting of these modules: Life Insurance; Segregated Funds & Annuities; Accident and Sickness; Ethics & Professional Practice
  • Extensive online learning activities such as client scenarios, practice exercises, quizzes and mini case studies
  • Two Practice Exams per module to help you assess your readiness to take the certification exams
  • A bonus Taxation module with online learning activities. This content is not tested on the exam however contains taxation knowledge that will help you understand that tax implications of life insurance products.
  • Access to assistance from CSI's academic support specialists
  • Study tips to help you focus your study efforts

Note: All students are required to register on the regulator’s national registry (CIPR) upon enrolment into this course. You will not be able to access course material until your CIPR registration has been completed. Step by step instructions can be found on our learning platform once you have registered for the course.  Once you complete all required steps, CSI will be notified that you have successfully registered into CIPR, we will then release your course material. Please note materials will be released the same or next business day.

Once you successfully complete all required modules, CSI will update CIPR, showing your eligibility to challenge the provincial exam. CIPR will be updated the next business day after your successful completion of all required modules.  We suggest you do not register for your provincial exam until this has been completed.

What you'll learn

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Syllabus

Ethics and Professional Practice (Common Law)

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Ethics and Professional Practice manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains four chapters:

  • Legal Framework Governing Insurance.
  • Insurance Policy Provisions.
  • Life Insurance, Accident and Sickness Insurance and Annuity Claims—Payment of Proceeds.
  • Rules and Principles Governing the Activities of Life Insurance Agents and Accident and Sickness Insurance Agents.

Ethics and Professional Practice (Quebec Civil Code)

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Ethics and Professional Practice (Québec) manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains four chapters:

  • Sources of Law Governing Insurance of Persons.
  • Legal Aspects of Insurance of Persons and Group Insurance of Persons Contracts.
  • Individual and Group Annuity Contracts (Including Supplemental Pension Plans).
  • Rules Relating to the Activities of Representatives.

Life Insurance

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Life Insurance manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains 12 chapters:

  • Introduction to Life Insurance Module.
  • Term Life Insurance.
  • Whole Life and Term-100 Insurance.
  • Universal Life Insurance.
  • Riders and Supplementary Benefits.
  • Group Life Insurance.
  • Taxation of Life Insurance and Tax Strategies.
  • Business Life Insurance.
  • Application and Underwriting.
  • Assessing the Client's Situation.
  • Recommending an Insurance Policy.
  • Ongoing Service.

Accident and Sickness Insurance

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Accident and Sickness Insurance manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains eight chapters:

  • Financial Protection Provided by Accident and Sickness Insurance.
  • Insurance to Protect Income.
  • Insurance to Protect Assets.
  • Insurance to Protect Savings.
  • Insurance to Protect Businesses.
  • Client Profile.
  • Insurance Recommendation, Contract and Service Needs.
  • Group Plan Specifics.

Segregated Funds and Annuities

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Segregated Funds and Annuities manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains eight chapters:

  • Investment and Savings.
  • Segregated Funds.
  • Annuities.
  • Investor Profile.
  • Segregated Fund and Annuity Recommendation.
  • Segregated Fund Contracts.
  • Annuity Contracts.
  • Group Retirement and Investment Plans.

Bonus Module - Life Insurance Taxation Principles

This module is a component of the exam preparation tool for future representatives registered in the Life Licence Qualification Program (LLQP). It is presented in conjunction with the Life Insurance Taxation Principles manual, which forms part of the LLQP Curriculum, and is provided to support your study of that manual.

This module contains four chapters:

  • Taxation Framework.
  • Investment Income.
  • Taxation and Insurance.
  • Tax Strategies Using Life Insurance.
Approximate Hours of Study**
Hours of Study 100 - 145 hours

** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the examinations, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance would not take longer than the maximum.

COURSE ASSESSMENT

Each module is assessed separately and corresponds with the LLQP licensing examination requirements.

You need a minimum score of 60% on each module to pass the exam (there are no assignments). If necessary, you have up to three attempts at each module’s exam.

If you plan to sit for a provincial LLQP examination for a life insurance license, you must first complete all the modules required within the LLQP Insurance Course.

Successful completion of the LLQP Insurance Course entitles you to write the provincial LLQP exam in order to obtain a life insurance license. Make certain to enroll in the LLQP course that reflects your licensing requirements.

You have up to one year after successfully completing all the modular exams to sit for the corresponding provincial licensing exams. However, it is recommended that you sit for the corresponding LLQP exam soon after successful completion of the course, as your knowledge and understanding of the subject matter will be fresh and current.

EXAM WEIGHTINGS

LLQP Insurance Course - Common Law
(Prerequisite course to qualify to write the provincial Life Licence Qualification Program (LLQP) examination for all provinces and territories excluding Quebec)

EXAM STRUCTURE (LLQP Insurance Course - Common Law)
(weightings are approximate)
 
Life insurance Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Accident and Sickness Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Segregated Funds and Annuities Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Ethics and Professional Practice Module (For All Provinces & Territories except Quebec)
Integrate into practice the legal aspects of insurance and annuity contracts  60%
Integrate into practice the rules governing the activities of life insurance 40%

 

LLQP Insurance Course - Civil Code (Quebec)
(Prerequisite course to qualify to write the provincial Life Licence Qualification Program (LLQP) examination for the province of Quebec only)

EXAM STRUCTURE (LLQP Insurance Course - Civil Code)
(weightings are approximate)
 
Life insurance Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Accident and Sickness Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Segregated Funds and Annuities Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Ethics and Professional Practice Module (Quebec only )
Understand the legal framework governing insurance of persons 20%
Integrate into practice the legal aspects of insurance and annuity contracts 40%
Integrate into practice the rules governing the activities of representatives in insurance of persons 40%

 

LLQP Insurance Course - Canada
(Prerequisite course to qualify to write the provincial Life Licence Qualification Program (LLQP) examination for all provinces and territories including Quebec)

EXAM STRUCTURE (LLQP Insurance Course - Canada)
(weightings are approximate)
 
Life insurance Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Accident and Sickness Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Segregated Funds and Annuities Module
Assess the client’s needs and situation 35%
Analyze the available products that meet the client’s needs 30%
Implement a recommendation adapted to the client’s needs and situation 25%
Provide customer service during the validity period of the coverage 10%
Ethics and Professional Practice  Module (For All Provinces & Territories except Quebec)
Integrate into practice the legal aspects of insurance and annuity contracts  60%
Integrate into practice the rules governing the activities of life insurance 40%
Ethics and Professional Practice Module (Quebec only )
Understand the legal framework governing insurance of persons 20%
Integrate into practice the legal aspects of insurance and annuity contracts 40%
Integrate into practice the rules governing the activities of representatives in insurance of persons 40%

 

EXAM INFORMATION  
Exam 1 per module
Exam Format On-line
Exam Duration

90 minutes for Life Insurance
90 minutes for Accident and Sickness
90 minutes Segregated Funds
60 minutes for Ethics and Professional

Question Format Multiple Choice
Questions Per Exam 50 questions for all exams (excluding Ethics & Professional Practice)
30 questions for Ethics & Professional Practice - Common Law
30 questions for Ethics & Professional Practice - Civil Code
Attempts Allowed Per Exam 3 (per module)
Passing Grade 60%
Assignments None
ENROLMENT PERIOD  
Enrolment Period 1 year
COURSE COMPLETION NOTICE

On successful completion of all modules, you will be able to download a Notice of Course Completion through your student profile. This will remain on your profile as formal indication of course completion.

CSI will enter your results into CIPR (the insurance regulator's national registry of individuals that confirms final examination results) the next business day after you have successfully completed all required modules). Once your successful results are entered into CIPR you may apply with your provincial regulator to write the appropriate examination(s). Students will be provided with details on how to register with CIPR upon enrolment.

† This course can be extended by 1 year provided you have not exceeded the attempts allowed for each exam.

Extension fees apply. Your enrolment period can only be extended one time.

Important: During a student's enrolment period, CSI may update this course. In that case, details about the update and how it may affect students will be posted online via My CSI. Students are held responsible for and are examinable on the content in the course textbook(s) provided at the time of enrollment unless stated otherwise in My CSI. Students are encouraged to check My CSI regularly throughout their enrolment period.

Continuing Education (CE) Credits

Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.
More detailed information on CE Credits are available