Individual Travel Agent insurance licensing is no longer required in British Columbia for Retail Travel Agencies…
Individual Travel Agent insurance licensing is no longer required in British Columbia for Retail Travel Agencies selling travel insurance related products.
The Association of Canadian Travel Agencies BC Insurance Committee has been working diligently with the Ministry of Finance and the Insurance Council of British Columbia to bring about change to the license requirements for Retail Travel Agencies in British Columbia.
Cabinet has passed an Order in Council and the Regulation will be in force effective December 31st, 2004. However, the Insurance Council of British Columbia has agreed, effective immediately, to no longer charge the licensing fee.
“This announcement is clearly a victory for ACTA that has been working for the last three years in close cooperation with the Insurance Council of British Columbia and it also means considerable savings for the Travel Agencies in the province,” commented Ian Biddlecombe, Chair of the ACTA Regional Council .
According to David McCaig, ACTA Vice President Corporate Affairs, “A travel agency will continue to require a corporate license, however a corporate licensed nominee is no longer required. Agency owners will benefit from significant cost reductions, including the $180.00 license renewal fee for travel agents, the $100.00 agent location transfer fee and the $180.00 corporate nominee fee”.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.
