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  • TC-2.3 TC-2.3 Transitional Period

    • TC-2.3.1

      The requirements of Module TC for insurance licensees are effective from the issuance date of this Module.

      Added: October 2020

    • TC-2.3.2

      New applications for approved persons are subject to the requirements of this Module (See Paragraph TC-B.1.4).

      Added: October 2020

    • TC-2.3.3

      Approved persons occupying controlled functions at the time this Module is issued will be grandfathered and not subject to the requirements of this Module, with the exception of CPD requirements in Paragraph TC-1.2.1. However, should the approved person move to another controlled function, Paragraph TC-2.3.4 will apply.

      Added: October 2020

    • TC-2.3.4

      In instances, where an approved person in one insurance licensee moves to another insurance licensee and occupies the same position, the CBB will exercise its discretion on whether to grandfather such approved person from the required qualifications and competencies outlined in Appendix TC-1 into the new insurance licensee. The grandfathering criteria used by the CBB will include a comparison of the scope and size of both positions. This will also apply in instances where an approved person in one insurance licensee moves from one department to another within the same insurance licensee.

      Added: October 2020