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CAIB
IBAC Professional
Development
Designations
Terms of Reference
- The right to obtain an IBAC designation will be restricted
to successful candidates who are employed by a property and casualty
insurance brokerage and are members in good standing, as at the
time of the granting of such IBAC designation, of a member association
which is and continues to be a member of IBAC.
- At the sole discretion of IBAC and member associations, non-members
and/or non-brokers shall be allowed to complete any program offered
by IBAC, and upon successful completion, such non-members and/or
non-brokers will be entitled only to Certificates of Completion.
- The right to use and maintain any IBAC designation granted
by IBAC shall only continue while such person is employed by a
property and casualty insurance brokerage, acceptable to the IBAC
Board of Directors, while that brokerage continues to be a member
in good standing of a member association which itself is a member
in good standing of IBAC.
- A licensed property and casualty insurance broker, having earned
a Certificate of Completion or an IBAC designation, who is an
employee (not a principal) of a property and casualty insurance
brokerage that is not a member of a member association of IBAC,
will be allowed to obtain membership or associate membership with
the appropriate member association of IBAC, failing which that
person's right to use such IBAC designation will be terminated.
- The granting of member and/or associate member status is at
the discretion of the member association and shall be in accordance
with, and subject to, the applicable member association's by-laws,
rules, regulations and guidelines.
- The administration of membership and associate membership is
the responsibility of the applicable member association.
- All candidates must be granted permission to use IBAC designations
through specific election by the IBAC Board of Directors.
- Employees of IBAC or its Member Associations, who have successfully
completed the CAIB examination requirements, may hold an IBAC
designation as long as they remain so employed.
Contact
Have questions or comments about the Terms of Reference? Contact
Michael Gaschler at (604) 606-8004 or click here.
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