The 2019 IBAS Annual General Meeting is scheduled for Thursday, October 17, from 1:30 – 4:30 p.m. at the Sheraton Cavalier Hotel in Saskatoon. Only IBAS broker members and special guests are eligible to attend. For convenience, please find below the digital meeting documents, which are publicly accessible for download:
REGINA (September 30, 2019) – Please find below a statement from Insurance Brokers Association of Saskatchewan (IBAS) CEO Derek Lothian:
Over the past two days, IBAS has received several inquiries regarding education and licensing pathways for insurance brokers in Saskatchewan — specifically, with respect to Mr. Scheer’s time in the province’s insurance industry.
It is our understanding there has been a formal complaint issued to the General Insurance Council of Saskatchewan (GICS), which provides licensing and regulatory oversight to insurance brokers. Accordingly, with that file under review, it would be inappropriate for IBAS to comment at this time, and further questions on the matter should be directed to GICS officials.
IBAS can confirm, however, that Mr. Scheer did complete an accredited course with IBAS that would form part of the current eligibility requirements for licensing. The following is a summary of the insurance broker education and licensing framework in Saskatchewan:
- IBAS is an accredited education provider, while GICS oversees all licensing activities;
- The Canadian Accredited Insurance Broker (CAIB) program is a nationally recognized training curriculum comprised of four courses, or ‘modules,’ which, collectively, lead to a ‘CAIB’ designation;
- Individually, CAIB modules make up part — but not all — of Saskatchewan’s step-licensing requirements for insurance brokers;
- In Saskatchewan, the scope of work undertaken by each individual within an insurance brokerage is restricted to the level of licence held by that individual;
- An insurance broker cannot obtain an individual licence unless employed by a licensed insurance brokerage; and
- It is permitted for unlicensed individuals to perform certain, designated functions in an insurance brokerage, such as motor license issuing.
For a full overview of licensing requirements and permitted licensee activities, consult the GICS website at www.skcouncil.sk.ca.
Later this fall, IBAS will be launching a brand new website, fully integrated with a secure, cloud-based association management system.
This is an exciting evolution in how IBAS interacts with its members. The new member portal will allow brokerages to instantly register and pay for events, exams, and professional development courses; renew their membership; update their member data; access member-only information and resources; post job opportunities; retrieve education documents; and much more!
While we will do our best to keep this site updated in the interim, given the scope of this project, we’d ask for your patience as we aim to bring the new version online as soon as possible.
Stay tuned, and don’t hesitate to reach out to any IBAS staff member for more information.