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  • Assessing Competence

    • TC-2.1.5

      Insurance licensees must not allow an individual to undertake or supervise controlled functions unless that individual has been assessed by the insurance licensee as competent in accordance with this Section.

      Added: October 2020

    • TC-2.1.6

      In determining an individual’s competence, insurance licensees may assess if the person is fit and proper in accordance with Chapter AU-3.

      Added: October 2020

    • TC-2.1.7

      Insurance licensees must assess individuals as competent when they have demonstrated the ability to apply the knowledge and skills required to perform a specific controlled function.

      Added: October 2020

    • TC-2.1.8

      The assessment of competence will be dependent on the nature and the level of complexity of the controlled functions. Such assessment of competence of new personnel may take into account the fact that an individual has been previously assessed as competent in a similar controlled functions.

      Added: October 2020

    • TC-2.1.9

      If an insurance licensee assesses an individual as competent in accordance with TC-2.1.7 to perform a specific controlled function, it does not necessarily mean that the individual is competent to undertake other controlled functions.

      Added: October 2020

    • TC-2.1.10

      An insurance licensee should use methods of assessment that are appropriate to the controlled functions as it relates to the individual’s role.

      Added: October 2020