Original-Track Program

The Insurance Institute’s current FCIP Program was launched in September 2010. This page describes the original-track FCIP Program, which was offered prior to that date and is now being phased out. 

NOTE: Some university course offerings have recently changed. If you are in progress in either the Claims major or Underwriting major, please contact the Institute’s FCIP department to confirm the options available to you: fcip@insuranceinstitute.ca.

PROGRAM DEADLINES

The original-track FCIP Program is closing. It is no longer possible to begin FCIP studies by this route, but the program remains available for a limited time for eligible students already in progress. Please note the following deadlines:

• All courses in the original-track FCIP Program must be completed no later than December 31, 2017.
• All course registrations and grade results must be received at the Insurance Institute no later than April 30, 2018.

These deadlines are final. We strongly advise you to plan to complete all requirements well ahead of these deadlines, to allow for contingencies. 

ELIGIBILITY

You are eligible to complete work in the original-track FCIP Program if you meet one of the following conditions:

• University degree-holders – If you hold a three-year undergraduate degree (or equivalent) and have completed the academic requirements of the CIP program, you may complete the original-track FCIP Program if you began your first FCIP course before September 1, 2010.
• Non-degree-holders – If you have completed the academic requirements of the CIP Program and you do not hold a three-year undergraduate degree (or equivalent), you may complete the original-track FCIP Program if you began your first FCIP course before January 1, 2012.

If you do not meet either eligibility condition for the original track, we encourage you to consider the new FCIP Program instead. You might also be interested in our many other insurance education options, including our popular business and management programs

PROGRAM REQUIREMENTS

NOTE: Due to recent changes in university course offerings, it may no longer be possible to complete all the courses in the Claims or Underwriting majors. If you are in progress in one of these majors, please contact the Institute’s FCIP department to confirm the options available to you: fcip@insuranceinstitute.ca.

To be awarded an FCIP through the original track, you must meet the following requirements:

• Complete 10 academic courses at Canadian universities: three mandatory courses; four courses in the chosen major subject; and three elective courses
• Register  each course with the Institute to have it added to your FCIP record (see Course Submission below)
• Submit your grade  from each course to the Institute (see Grade Submission below)
• Maintain membership in your local Institute and the CIP Society 
• Abide by the Institute’s Code of Ethics

If you successfully meet all of these requirements, your name will be submitted for election as an FCIP in either May or October following completion of your last course.

NEXT STEPS

• Check whether you qualify for advanced standing credits
• Find out about your learning options (see below) 
• Download the equivalency chart to find out which university courses are eligible for the original-track FCIP Program (PDF, 370 KB)
• Download the Original-Track FCIP Program Syllabus (PDF, 3.3 MB) for complete program information, including guidelines on mandatory, major and elective courses

Advanced Standing Credits

Note: This page describes the Insurance Institute’s original-track FCIP Program, which remains available for a limited time for students already in progress. If you have not yet begun FCIP studies, please see our main FCIP page.

Advanced standing credits for the original-track FCIP Program may be available if you have previously registered in the program or if you intend to register and you meet the eligibility deadlines above.

You may apply for up to six transfer credits for university courses already completed that are equal in content and standard to those in this program. Please refer to the equivalency chart (PDF, 370 KB) to determine which university courses meet the Institute’s original-track FCIP requirements.

Transfer credits are recorded as a pass only and are not assigned a grade. They are not eligible for prize consideration, except for the Centenary Excellence Award.

TRANSCRIPT EVALUATION

To request advanced standing credits, you must submit copies of your transcripts and identify the equivalent Institute course numbers. A transcript evaluation fee is required for each university transcript submitted; and a course registration fee is required for each credit granted.

See the original-track FCIP fee schedule for further information about program fees.

GUIDELINES

Courses taken at Canadian universities:
1. Compare the courses listed on the transcript with those in the equivalency chart. Apply for advanced standing for course numbers and titles that match, and submit your transcript evaluation fee.

2. If you aren’t certain whether your course is eligible, consult with the university and ask them to provide you with a detailed description of the course. Submit the course description with your transcript when applying for advanced standing.

Courses taken at foreign universities:
Foreign transcript packages that are submitted for consideration for Advanced Standing Credit in the original-track FCIP Program must include an official transcript printed in English, detailed course descriptions, and a letter from a valid comparative education service. Valid comparative education services include University of Toronto’s Comparative Education Service and the World Education Service.

Courses taken at other post-secondary educational institutions:
 The original-track FCIP Program does not include community college or other similar post-secondary educational courses. However, if the university at which you are registered as a Fellowship student recognizes specific community college courses for credit in a degree program, the Institute will also recognize those courses as long as the course was taken as part of a program prior to completing the CIP program. A maximum of three credits can be granted. To apply for these credits, please include detailed course descriptions and a copy of your transcript with your application.

APPLY

To apply for advanced standing credits, please contact Member Services.

Learning Options

Note: This page describes the Insurance Institute’s original-track FCIP Program, which remains available for a limited time for students already in progress. If you have not yet begun FCIP studies, please see our main FCIP page.

IN-CLASS

Many original-track FCIP courses are available in a classroom environment at universities across Canada. They may be available in degree, certificate or non-degree programs, and you can choose according to your individual university eligibility and your personal goals. We encourage you to choose courses that provide credits in a degree program where possible. For example, you could earn credits towards a Bachelor of Commerce degree concurrently with your pursuit of the original-track FCIP designation.

The equivalency chart (PDF, 370 KB) provides information on universities and how they can be reached. Some universities may not list all their available equivalent courses in this chart. If you wish to take a course that is not listed in the chart and apply it towards your FCIP courses, you must obtain course information from the university and submit it to the Insurance Institute for approval. We recommend that you do this before committing yourself to the course.

DISTANCE LEARNING

Most of the courses in the original-track FCIP Program are available in a distance-learning format through the School of Continuing Studies, University of Toronto. See the equivalency chart (PDF, 370 KB) for further details.

TEXTBOOKS AND LESSON MATERIALS

The Institute does not supply textbooks or lesson materials for original-track FCIP courses. Instead, your university or instructor will determine what textbooks are required and will provide you with lesson material and assignment instructions. You should not purchase any materials before receiving specific instructions from your course provider.

TIME, LOCATION OF CLASSES AND EXAMINATIONS

Scheduling and location of classes and examinations vary from one university to another. Please inquire directly with your university.

RECOMMENDED ORDER OF CLASSES

• In the Management Major, 920: Business Strategy should be taken last. It is a capstone course that assumes knowledge of material covered in the other courses.
• In the Claims, Underwriting, Risk Management or Broker Major, the courses should be taken in the order shown on the chart in the Original-Track FCIP Program Syllabus (PDF, 2.46 MB). However, 911: Economics and 912: Law (the other required courses for the Fellowship) and the three electives may be taken in any order or concurrently with the specialist courses.

NOTE: Due to recent changes in university course offerings, it may no longer be possible to complete all the courses in the Claims or Underwriting majors. If you are in progress in one of these majors, please contact the Institute’s FCIP department to confirm the options available to you: fcip@insuranceinstitute.ca.

INFORMING THE INSTITUTE

Once you have registered for a course with a university, you must also register the course with the Institute within 30 days.

Once you complete the course, remember to submit your grade to the Institute.

Fee Schedule

Note: This page describes the Insurance Institute’s original-track FCIP Program, which remains available for a limited time for students already in progress. If you have not yet begun FCIP studies, please see our main FCIP page.

The following fees apply to participation in the Insurance Institute’s original-track FCIP Program. Fees are subject to tax (GST or HST as applicable, depending on the province).

Effective date: August 1, 2014

ADMISSION FEE

 
Applies to first Fellowship course to create student records  $55

TRANSCRIPT EVALUATION FEE

 
Applies to advanced standing credits only $75

COURSE REGISTRATION FEE

 
Full course - applies to each course entered and each credit granted $64
Half-credit course - applies to each course entered and each credit granted $32

MISCELLANEOUS

 
Returned Cheques (NSF) $52
Transcripts $21

NEXT STEPS
• Download the Original-Track FCIP Program Syllabus  (PDF, 2.46 MB)
• Submit a course or grade to the Institute (see below)

Course Submission

Note: This page describes the Insurance Institute’s original-track FCIP Program, which remains available for a limited time for students already in progress. If you have not yet begun FCIP studies, please see our main FCIP page.

Courses for the original-track FCIP Program are taught at universities across Canada in partnership with the Insurance Institute. Each university has its own entrance requirements and course prerequisites. You are responsible for obtaining the university calendar and other material relating to our program from the specific university you choose.

Once you have registered in a course with a university, you must also register the course with the Institute. Before you proceed, check whether you qualify for advanced standing credits.

DEADLINES

Please note the following deadlines for original-track FCIP courses.

Eligibility for Prizes and Honours
• For in-class and distance learning courses, the Institute must receive your course registration within 30 days following the start date of the course.
• For fast-track university courses, the Institute must receive your registration prior to the final day of the course.

Registration applications received after the deadline will affect the grade report: only a passing grade will be recorded for successful completion. This will affect your eligibility for prizes and qualification for an honours certificate.

Program Closure
The following deadlines apply to all students completing the original-track FCIP Program:
• All courses in the original track FCIP must be completed no later than December 31, 2017.
• All course registrations and grade results must be received at the Insurance Institute no later than April 30, 2018.

These deadlines are final. We strongly advise you plan to complete all requirements well ahead of these deadlines to allow for contingencies.

REGISTER

A course registration fee is required for each credit granted. See the original-track FCIP fee schedule above for further information about program fees.

• If you meet the eligibility criteria above, register your first FCIP course by contacting our Member Services Team at 416-362-8586 or 1-866-362-8585.
• Register an additional FCIP course online.

Grade Submission

Note: This page describes the Insurance Institute’s original-track FCIP Program, which remains available for a limited time for students already in progress. If you have not yet begun FCIP studies, please see our main FCIP page.

Whenever you complete a course in the original-track FCIP Program, you must report your grade to the Institute by forwarding a copy to us within one year of completing the course. You can submit your grade results using one of the following methods:

Fax                      416-362-2692 or 1-855-742-1242
Email  fcip@insuranceinstitute.ca
Mail  The Insurance Institute of Canada
FCIP Department
18 King Street East, 6th Floor
Toronto ON M5C 1C4

We record successes and failures according to the standards of the applicable university. When you complete the program, your name will be submitted for election as a Fellow Chartered Insurance Professional (FCIP) of The Insurance Institute.

NOTIFICATION

When submitting your grades, please also notify us of any changes in your personal information:

• address change (please include your former mailing address as well as your new one)
• change of company
• change of university
• change or cancellation of subjects

DEADLINES

Please note all three of the following types of deadlines:

1. Eligibility for Prizes and Honours
Original-track FCIP course grades must be received at the Institute within one year of completing the course. Late submission will affect your grade report: only a passing grade will be recorded upon receipt of successful grade results. This will affect your eligibility for prizes and qualifications for an honours diploma.

2. Election as FCIP
Results for your final course taken must be submitted no later than April 30 to allow your name to be submitted for election as a Fellow Chartered Insurance Professional in May; and no later than September 30 to allow your name to be submitted for election in October. Otherwise, election as a graduate will be delayed until the following year.

3. Program Closure
The original-track FCIP Program is closing. Please note the following deadlines for completing the program:

• All courses in the original track FCIP must be completed no later than December 31, 2017.
• All course registrations and grade results must be received at the Insurance Institute no later than April 30, 2018.

These deadlines are final. We strongly advise you plan to complete all requirements well ahead of these deadlines to allow for contingencies.