Risk Management Program Policies

This page describes policies that apply to students pursuing the following courses in the Risk Management Certificate program:

• R110: Risk Management Principles and Practices
• R120: Risk Assessment and Treatment
• R130: Risk Financing


Course Registration

Course availability in a given term may be subject to demand, and registration opportunities for a specific course may be limited by the number of available spaces.

In addition, some courses have recommended prior study. Please see the Program Courses for further details.

Registration for a given term closes when classes are full or, at latest, the last day of the month before the course begins. Late registrations are not accepted.

Course Cancellation

The Institute reserves the right to withdraw, limit, cancel, or adjust any course due to insufficient enrolment. When it is necessary to cancel or change a class, we will make every effort to contact registrants. It is the student’s responsibility to keep contact information up to date with the Insurance Institute of Canada.

If a course is cancelled, registered students may transfer to another course in the same program (if available and if space permits) or choose to receive a full refund for course fees paid.

Membership fees are non-refundable.

Textbook fees can be refunded if the books have not been received by the student at the time of cancellation, or if they are returned to the Institute in resalable condition (perfect and unmarked).


If you wish to withdraw from Risk Management Certificate course, you must submit a request to the Insurance Institute of Canada. The following deadlines apply for submission of withdrawal requests:

1. Two weeks from the start date of the course:
    Deadline to obtain a refund of your entire course tuition fee less an administrative fee of $50 (plus GST or HST)

2. Six weeks from the start date of the course:
    Deadline to withdraw with a “W” notation on your academic record. If you withdraw after this date, the course is listed on your academic record with a failing grade.

In the event of a withdrawal, course material fees will only be refunded if the books are returned and arrive at the Insurance Institute in resalable condition (perfect and unmarked). All return shipping fees are the responsibility of the student.

Membership fees are not refundable.


Registration in a Risk Management Certificate course cannot be transferred or deferred to a different semester. If you change your mind about the timing of your course, please submit a request to withdraw (see the Withdrawals section above) and then register for the course again later when you are ready to proceed.

Registration in a Risk Management Certificate course cannot be transferred to a course in a different program.

Two types of transfer are possible:

1.  Transfer to a different online class of the same course in the same term (if available):
     Available at no additional cost.

2.  Transfer to a different online course within the same program and the same term (if available):
     A transfer fee of $50 plus GST or HST applies, along with payment for new course materials and any difference in course fees. Materials fees for the original course will be refunded if the books are returned and arrive at the Insurance Institute in resalable condition (perfect and unmarked). All return shipping fees are the responsibility of the student.

Requests for the above two types of transfer are accepted up to the end of the second week of the course (by the second Monday after the course start date). All transfer requests are processed on a first-come, first-served basis and are subject to availability of space in the requested class/course.

Academic Integrity and Student Conduct

Academic Integrity

All members of the Insurance Institute are expected to adhere to the Academic Integrity policy, which outlines concepts and expected behaviours relating to plagiarism, academic dishonesty, confidentiality of information, copyright, professionalism, and breaches of academic integrity. Please familiarize yourself with the Academic Integrity policy.

In addition, the following provisions apply when participating in Insurance Institute courses using online discussions.

Online Discussions

In many Insurance Institute courses, students are encouraged to discuss course content in online discussion boards. You are expected to adhere to the following guidelines when posting in the course discussion forums:
• You are expected to respect the principles of confidentiality and copyright and to avoid plagiarism in your postings. 
• You are expected to treat other participants with courtesy and respect at all times. 
• Posts that respectfully praise or criticize an idea are acceptable if they add to the discussion at hand. 
• Personal attacks and inflammatory behaviour are not tolerated.
• Use of foul language and/or obscene images is not tolerated. 
• The Insurance Institute course websites are to be used for academic purposes only.
• Public forum posts should be reserved for matters of interest to the general course community. Private discussions should be taken off-line.
• Threads or posts perceived to have been made with the intent of promoting a commercial endeavour will be deleted.
• Posting the same message repeatedly or posting an unsolicited commercial message, either to one or multiple topics or boards, is considered spam. Duplicate messages may be deleted or consolidated by Institute representatives, and posting privileges may be revoked. 
• Responses to a particular thread should pertain to the discussion at hand. Posts on a new topic should be started in a new thread.
• Any messages posted in a discussion forum will remain available to other class participants for as long as that particular discussion board is accessible online. Please post carefully and with due consideration to the content of the post.


Evaluation in the Risk Management courses is based on assignments, a midterm examination, and a final examination. The specific breakdown of grades for a given course is posted to the course website at the start of term. 


All assignments and the midterm examination must be submitted by the deadlines indicated on the course website. A request for a deadline extension may be considered in extenuating circumstances if submitted to the course facilitator in advance. If the request is accepted, the facilitator will provide a revised deadline for the item, which shall be final. Work that is submitted late without the facilitator’s permission may not be accepted; at a minimum, it will be subject to a grade penalty. 

Once an item has been graded, it may not be revised and resubmitted for regrading unless explicitly authorized in writing by the facilitator.


Students write their final examination at proctored computer-based examination (CBE) centres. When writing a Risk Management examination at a CBE centre, the following policies of the CIP program apply:

Rescheduling Computer-Based Examinations (CBEs)
Examination Rules and Regulations 
Absence & Deferrals
Students Requiring Special Accommodation 


There is no minimum mark required on any single evaluated component, but you must obtain a minimum of 60% in total to receive a passing grade for the course. The following grades are awarded for Risk Management courses.

Passing grades:
H = 80–100%
B = 75–79%
C = 65–74%
D = 60–64%

Failing grades:
X = 55–59%
Y = 40–54%
Z = 0–39%


During the course, marks for specific components (assignments, midterm examination) are available by logging in to the course website. Marks on the final examination will not be published.

Final course results are available for paid members of the Institute. You will be notified by email when your course results are released and will then be able to see your results by logging in to your account on the Insurance Institute website.

There are no exam rewrites or continuing tuition options for Risk Management courses. Courses that are not completed successfully must be retaken in full.

Students Requiring Accommodation

The Insurance Institute strives to accommodate students who may require alternative arrangements to participate in its programs. In such cases, it is necessary to provide medical documentation, including an assessment of your ability to complete all course requirements, prior to your registration for a course and at least 8 weeks prior to the course start date.

CIP Credits

CIP Risk Management elective credits towards the requirements of the Insurance Institute’s CIP program are available only for students who have completed all three Risk Management Certificate courses through the Insurance Institute of Canada and have not yet completed the elective requirements of the CIP program. Students must apply for these credits; they are not issued automatically.

A maximum of two CIP elective credits will be awarded.

The credits will be recognized as transfer credits only and will be assigned a passing grade (P grade) for CIP purposes. This may affect qualification for an Honours CIP certificate and a student’s chance of winning a CIP prize.

Once these elective credits have been added to a student’s CIP record, they cannot be removed.

The Insurance Institute’s Risk Management courses incorporate a CIP-relevant insurance focus in their content, delivery and evaluation. Risk Management courses completed at other institutions are not eligible for CIP elective credits.

Risk Management Certificate

Students who successfully complete all three Risk Management courses through the Insurance Institute will receive a letter of confirmation and will be awarded a Risk Management Certificate. Certificates are issued at the annual convocation ceremonies held by local Institutes and chapters across the country.

CRM Designation

Students wishing to pursue the Canadian Risk Management (CRM) designation must apply to the Global Risk Management Institute (GRMI), which is the body that awards the CRM. Please consult GRMI for complete, current details of the steps for obtaining the CRM designation.