Notice of E & O Insurance renewal with increased premium, ICCRC fee annual dues, and mandatory audit -PME! ICCRC's existence as a regulatory body is only a matter fo time. According to the sources, the CIMM also wanted to have it gone as soon as possible, so the question is what to do about the financial obligation members have to maintain their license? My Recommendations:
1- Paying E & O with higher premium is still viable and will not lose its value. Because in the new system, this will be required again and we might not have to buy a new one at that time. In my opinion, it is not a bad deal, and we should go for it.
2- It is very important to maintain license status active at the current time to transfer in the new system without additional requirements. Members will have more details in upcoming announcements by the Government concerning the transition procedures. So to avoid suspension due to nonpayment of fee, just pay in installments, rather paying for a full year. This is the only way to decrease your loss.
3- Same with Audit and PME, Just for it and hope this will be the last one.