Statement of Principles of Independent Financial Brokers of Canada

The Independent Financial Brokers of Canada is an Association created to represent licensed professional financial brokers and to provide a forum for them to develop opinions, recommendations and programs.

What the Independent Financial Brokers of Canada stands for:

1. The Independent Financial Brokers supports a neutral law controlling differing systems of distribution, excluding none.
2. The Independent Financial Brokers seeks a regime in which members of all distribution systems be licensed and subject to licensing controls.
3. The Independent Financial Brokers affirms that its members are able to undertake any other occupation, when necessary, within the requirements of the licenses held.
4. Within the limits allowed by law, members of the Independent Financial Brokers are required to maintain an arm's length relationship with all insurers with whom they are contracted.
5. The Independent Financial Brokers supports improved levels of education for all agents, and particularly, expects its members to be thoroughly trained and knowledgeable in insurance.
6. The Independent Financial Brokers believes that all life brokers in Canada should be subject to a Code of Ethics.
7. The Independent Financial Brokers supports the promotion and preservation of the common and specific interest of Association members as a professional body with full support for the principle of freedom in their business operations.
8. The Independent Financial Brokers seeks to foster a co-operative relationship among the Association, the public, the provincial authorities and all other organizations associated with life insurance and financial planning in order to contribute to the successful development and continuation of high standards in the life insurance industry in Canada.