Insurance of Persons

 Title: Financial Security Advisor

How to obtain a representative’s certificate

Step 1: Satisfy the minimum qualifications

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

• Diploma of Collegial Studies from Québec;

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

• Attestation of collegial studies in insurance of persons recognized in an agreement to that effect between the AMF and a Québec college-level institution;

• University-level certificate in insurance of persons recognized in an agreement to that effect between the AMF and a university;

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

• Bachelor’s degree, specialized graduate diploma (D.E.S.S.), Master’s degree or doctoral degree from a Canadian university;

• Decision issued by the AMF recognizing a level of education equivalent to the 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.

 

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Step 2: Pass the AMF’s examinations

The AMF requires future professionals to pass the following examinations in order to ensure they have the necessary skills to properly advise clients.

01-101	Applying the legal concepts and legislation pertaining to insurance of persons and to the activity of a representative in the insurance of persons sector
01-201	Applying taxation concepts to professional practice – Insurance of Persons
01-301	Preparing an individual life insurance plan adapted to a client's needs, in particular on the basis of an analysis of the client’s financial situation and ability to pay the premium
01-302	Preparing an individual disability insurance plan adapted to a client's needs, in particular on the basis of an analysis of the client’s financial situation and ability to pay the premium
01-308	Preparing a segregated funds proposal and an individual financial products plan adapted to a client's needs

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 registration form.

 

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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 successfully completed examinations must be valid when beginning the probationary period.

The probationary period is 12 weeks for the Insurance of Persons sector.

Step 4: Apply for certification

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 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.

Exceptions

• Representatives who are already certifie

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

 

Rules for Reinstatement

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

• Surrender within three years following the surrender or non-renewal

 

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