|
|
|
Fall 2003 Meeting Highlights
October
2 and 3, 2003
Rocky Harbour, Newfoundland
|
| Strategic
Planning |
CCIR
dedicated a significant portion of the agenda to the
discussion of a new Strategic Plan for 2004-2006. Members
decided on initiatives that would address identified
challenges facing consumers, industry and regulators.
There was a commitment to
work with stakeholders to address each of the following
three strategic priorities over the next three years:
- Facilitate the development
and implementation of harmonized regulation while
recognizing local autonomy.
- Work towards achieving a
reduction in unnecessary regulatory burden.
- Actively collaborate with
financial services regulators and other stakeholders to
keep pace with changes in the financial marketplace.
The CCIR Strategic Plan for
2004-6 will be finalized and available on the CCIR website
before the end of the year. Work on new initiatives will
begin shortly afterwards.
|
| LLQP
|
The
CCIR-CISRO LLQP Integrity Committee reported on the status
of revisions to the Examination. These revisions are being
made to respond to the recommendations in the Brondesbury
Group’s review of the LLQP Examination in May 2003. As
recommended in the review, the LLQP Exam pass rate will be
60% in all jurisdictions as of November 1, 2003. General
information pertaining to the LLQP is available on the CCIR
website (www.ccir-ccrra.org).
Other questions pertaining to licensing requirements should
continue to be addressed to the licensing authority in
individual jurisdictions. |
CCIR
Insurer
License
Application
Form |
The
harmonized form has been updated to reflect changes in
legislation since it was initially approved in 2000. The
revised form is expected to be available for use by November
2003. Insurers may obtain the form directly from the
province or territory in which they intend to become
licensed. |
| Next Meeting |
The
CCIR Spring 2004 Meeting will be held on April 1 and
2 in Quebec City, Quebec. |
|
|
