FAQs for Potential Course Providers of the Life Licence Qualification Program (LLQP) in Ontario

  1. Is there an application form that must be submitted to FSCO?
    The Financial Services Commission of Ontario (FSCO) does not have an application form for potential LLQP course providers. For information on what to include in your submission to FSCO, refer to the web page on how to obtain approval to offer the LLQP training course.
  2. Is there a fee for requesting approval from FSCO to offer an LLQP training course?
    No. There is no fee for requesting approval from FSCO to offer an LLQP training course in Ontario.
  3. Does accreditation by CISRO as a national course provider mean that my organization can request approval to offer an LLQP training course in any Canadian province or territory?
    Yes. Receiving accreditation as a national course provider means that your organization may request approval to offer an LLQP training course in any Canadian province or territory. Each province and territory has its own requirements for approving LLQP course providers in its jurisdiction. However, all provinces or territories require that a potential course provider first receive the Canadian Insurance Services Regulatory Organizations (CISRO) accreditation.
  4. Will CISRO notify the jurisdictions indicated on the application, once my organization has received accreditation?
    Yes. As a courtesy, CISRO will notify the jurisdictions in which a potential course provider indicated it wishes to offer an LLQP course, once accreditation has been granted. However, the potential course provider must still contact each jurisdiction in which it wishes to offer the course, in order to initiate the approval process.
  5. Why does FSCO require a separate submission, if my organization has already been accredited by CISRO as a National Course Provider?
    The LLQP uses standard reference materials produced by CISRO. Before releasing the materials to a potential course provider, CISRO must confirm that the organization has the appropriate expertise and experience to offer a quality training program for the LLQP. CISRO will then accredit the organization as a national course provider and provide the materials.

    Under Ontario's Insurance Act, the Superintendent of Financial Services has a responsibility to determine the acceptability of a training program for insurance licensing. In order to carry out this responsibility, we ask for certain information about the proposed course after the course provider has reviewed the authorized reference materials, and can therefore provide more detail about the proposed course content.

    We will also review the information initially provided to CISRO.
  6. Do all CISRO members have the same approval process for their jurisdiction?
    Requirements for approval to offer an LLQP training course may vary between jurisdictions. We have sought to align FSCO's process with those of other provinces or territories wherever possible.
  7. How long is the LLQP course approval valid for?
    The LLQP course approval is valid indefinitely, until it is withdrawn by FSCO.
  8. My organization was approved to offer a course for the LLQP exam that was written by students prior to the implementation of the new LLQP on January 1, 2016. Do I have to request approval to offer a course for the students writing the exam after January 1, 2016?
    Yes. Your organization may not offer an LLQP training course in Ontario after January 1, 2016 without obtaining a new approval from CISRO and FSCO. Read the web page on how to obtain approval to offer an LLQP training course for information on becoming an LLQP course provider in Ontario. 
  9. I have a question about the approval process that is not answered above. Who can I contact? 
    Please contact FSCO by email contactcentre@fsco.gov.on.ca or call 416-250-7250.