Insurance intermediary certificate renewal requires timely filing, training compliance, and restricts fresh business while expiry or delay persists. Renewal of an IIIO certificate requires a prescribed application and fee at least 90 days before expiry. Delayed filings may attract an additional penalty ... Summary
Insurance intermediary certificate renewal requires timely filing, training compliance, and restricts fresh business while expiry or delay persists.
Renewal of an IIIO certificate requires a prescribed application and fee at least 90 days before expiry. Delayed filings may attract an additional penalty fee, while applications made within 60 days after cessation of registration may be considered if delay is condoned. Applications beyond that period are considered only after 12 months, and no new business may be solicited during the intervening period. Grant conditions, required training, and provision of requested information apply to renewal. A renewed certificate remains valid for three years.
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