ICCRC has added new sections to the current ICCRC by-laws and regulations which could seriously require a legal/professional guidance or representation to protect your reputation and practice.
Imagine: a simple issue related to any of the new enforcements may trigger a warning, caution, and subsequently a massive fine or suspension of license. A majority of the RCICs have no legal background and are forced to either plead guilty or accept the charges, and then their name will be on the ICCTC website. If this happens to a lawyer, he/she considers their career has ended or is done, because no client will trust them anymore and the other lawyers will print and save that record to show clients.
All RCICs need serious legal representation to deal with all matters when it happens to protect his/her reputation and status. Finding and hiring a legal representative who is trained in regulatory complaints is not easy or cheap. Regulatory complaints properly represented by a legal professional may cost an RCIC around $5K to $25K.
UCICA is the only organization/association which is truly working to protect the RCICs and their interest as well as the public.
Keeping in view current needs for legal protection when needed, UCICA is introducing a new program for RCICs which will not only make their life easy in such situations but also give peace of mind that their rights are protected. When an RCIC receives a letter of caution or warning or a complaint from the regulator, all that is required is to forward it to a designated legal professional who is fully authorized to represent you in that matter, no matter wherever you are, in Canada or overseas.
Benefits and Other Risk Factor:
While keeping UCICA regular membership 100% free for RCICs, we have added a new level of membership for a nominal monthly subscription with all benefits of the regular level, plus the following:
UCICA Offers a comprehensive solution to its RCIC members with the following requirements.
This service level will provide all that is required to comply with PUAR, except services of an independent authorised representative to assume responsibility related to the declaration form. This means, we will provide all documents and written guidance for you and your peer RCIC to follow, and access to a comprehensive system to satisfy the client and the PUAR system-related features. You and your peer will be responsible to execute and apply the declaration. Free ongoing educational events to keep you updated and be ready for a regulatory audit.
This service level will provide only services of an independent authorised representative to assume declaration form-related responsibility and sign the same, and you will use your own documents for you and your peer RCIC as required by the ICCRC. Access (Service Level A) to the system is not available in this level.
This service level will provide both A & B and all that is required to comply and implement the PUAR.
All RCICs need serious legal representation to deal with all matters when it happens to protect his/her reputation and status. Finding and hiring a legal representative who is trained in regulatory complaints is not easy or cheap. Regulatory complaints properly represented by a legal professional may cost an RCIC around $5K to $25K. Click on above link for more details and registration.
If you have subscribed to service level C and D, you get 16-18 CPD hours 100% Free during a year time in all three formats. or
You can have this level alone as a UCICA registered members to cover all mandatory CPDs during a year period on a flat rate yearly fee basis: CAD 108 per year+ HST. No matter when you register, early in the year or late, the fee remains the same. The CPDs will be offered in live web or video format. CPDs will be offered directly from the UCICA platform and will have UCICA-designated educators.
G. Full coverage A-F
This level will have all that is covered in all the above sections.
Privacy and confidentiality: 100% (no information is shared with anyone other than the counsel representing the members and the regulator’s complaint administration staff)
General online web based support covering sample plans and pre-filled forms will be provided to all registered UCICA members for FREE
Because of the following known Risk Factors and Liability and other administrative expenses:
Liability: To Primary RCIC: Zero, ICCRC: Zero, Authorised Representative: 100%
Limitations and basic policy disclosure: