Description: In May 1998, a committee of insurance regulators was established to review and update the licensing standards for life insurance agents to reflect the skills necessary to do business in today's marketplace. The new standards which have been developed through this process is a comprehensive, single-level life agent educational program known as the Life Licence Qualification Program or LLQP. The LLQP consists of a mandatory education course and a new qualification examination (multiple choice) based on the course.