Group insurance of persons

Title: Group Insurance and Group Annuity Plans Advisor

A representative authorized to act in the group insurance of persons sector may offer products and advisory services pertaining to group insurance and group annuity plans.

Title : Group Insurance Plans Advisor

A representative authorized to act in the Group Insurance Plans sector class may only offer products and advisory services pertaining to group insurance plans.

Title: Group Annuity Plans Advisor

A representative authorized to act in the Group Annuity Plans sector class may only offer products and advisory services pertaining to group annuity plans.

 

How to obtain a representative’s certificate

 

Step 1: Satisfy the minimum qualifications

Candidates in the group insurance of persons sector must show that they satisfy the minimum qualifications and that they have completed the required courses.

The minimum qualifications for the insurance of persons sector are as follows:

• Diploma of collegial studies from Québec (DCS);

• Diploma of Collegial Studies (DCS) in Insurance and Financial Advisory Services;

• Attestation of collegial studies in insurance of persons recognized in an agreement entered into for that purpose between the AMF and a Québec college-level institution;

• University-level certificate in insurance of persons recognized in an agreement entered into for that purpose between the AMF and a university;

• Two university certificates of 30 credits each from a Canadian university;

• Bachelor’s degree, specialized graduate diploma, Master’s degree or doctoral degree from a Canadian university;

• Decision issued by the AMF recognizing a level of education equivalent to a Diploma of Collegial Studies;

• Decision issued by the AMF recognizing workplace skills;

• Comparative evaluation for studies done outside Québec issued by the ministère de l’Immigration et des Communautés culturelles du Québec indicating a level of education equivalent to a diploma of collegial studies or graduate diploma;

and candidates must successfully complete the following courses:

Required Courses	Entire Sector	Group Insurance plans Sector Class	Group Annuity Plans Sector Class
Comply with legislation applicable to the activity of a representative in the group insurance of persons sector.	X	X	X
Evaluate the tax impacts of a group insurance and group annuity contract.	X	X	X
Prepare a group insurance recommandation taking the client's needs into account and based, in particular, on an analysis of his financial situation and his ability to pay the premium.	X	X
Prepare a group annuity recommandation taking the client's needs into account and based, in particular, on an analysis of his financial situation and his ability to pay the premium.	X		X

 A number of training institutions offer courses in group insurance. The following is a list of courses recognized by the AMF and the institutions that offer them:

• Courses recognized for the Group Insurance Plans sector class

• Courses recognized for the Group Annuity Plans sector class

 

Haut de page

Step 2: Pass the AMF’s examinations

The AMF requires future professionals to pass the following examinations, based on the sector or sector class in which they plan to practice, in order to ensure they have the necessary skills to properly advise clients.

Code	Description of Skill	Sector	Group Insurance Plans sector class	Group Annuity Plans sector class
02-103	Applying legal and legislative concepts pertaining to the group insurance of persons and to the activity of a representative in the group insurance sector	X
02-106	Applying the legal concepts and legislation pertaining to group insurance plans and to the activity of a representative in the group insurance sector - Group insurance		X
02-107	Applying the legal concepts and legislation pertaining to group annuity plans and to the activity of a representative in group annuity plans - Group annuity plans			X
02-203	Applying taxation concepts to professional practice – Group insurance plans	X	X
02-204	Applying taxation concepts to professional practice – Group annuity plans	X		X
02-306	Preparing a group insurance proposal adapted to the needs of an individual client, an organization or an enterprise	X	X
02-307	Preparing a group annuity proposal adapted to the needs of a client, an organization or an enterprise	X		X

• Examinations required to add a sector class or to change from one sector class to the other.

An examination is valid for two years from the date passed. A failed exam may be rewritten three times.

The AMF offers reference manuals and tools to help you prepare for the examinations.

If you wish to write an AMF examination, you must complete and submit the appropriate registration application.

 

Top of page

Step 3: Complete a probationary period

Once you have passed all the required examinations, you must complete a probationary period where you will apply, in a real but supervised setting, the knowledge and skills necessary to practice your profession. Trainees must work a minimum of 28 hours per week. All examinations must be valid when beginning the probationary period, which extends for:

• 12 weeks for the Group Insurance of Persons sector;
• 6 weeks for the Group Insurance Plans sector class; and
• 6 weeks for the Group Annuity Plans sector class.

Haut de page

Step 4: Apply for a representative’s certificate in the sector or a sector class

In order to obtain a representative’s certificate, you must submit an application to the AMF before the validity of your examinations expires. If the validity of your examinations expires during your probationary period, you have 30 days from the end of this period to apply.

While your application is being processed and on receipt of a notice to this effect from the AMF, the probationary certificate will remain in effect for a maximum of 45 days as of the end of the probationary period.

It should be noted that before issuing a representative’s certificate the Authority will take into account information related to the applicant's degree of honesty (criminal record, bankruptcy, etc.) as well as information related to the job held in case of dual employment

 

Haut de page

Exceptions

• Representatives who are already certifie

• Representatives from another Canadian province or territory (In French only)
   

  

Rules for Reinstatement

• Reinstatement of a certificate in the year following the surrender or non-renewal

• Reinstatement of a certificate within three years following the surrender or non-renewal

   

  Haut de page