A new online continuing education course for financial advisors seeks to boost awareness about client protection in the event of the insolvency of a member firm, the Canadian Investor Protection Fund announced on Monday.

“Our research shows that many investors are unaware of the benefits of CIPF coverage when a member investment dealer fails,” said Rozanne Reszel, president and CEO of CIPF in a statement.

“We recognize the important role that investment advisors play in educating investors. Our new continuing education module is designed to provide advisors with a deeper understanding of the coverage we provide.”

CIPF is launching the course through the Investment Industry Regulatory Organization of Canada’s web-learning program. It provides advisors with knowledge to inform their clients on the protection available in the event of insolvency. It includes such information as eligibility for CIPF coverage, limits of the coverage, the types of losses that are covered and how to make a claim.

The module is roughly 35 minutes in length, followed by a question and answer session. Advisors who successfully complete the accompanying online quiz will be issued a one-hour credit certificate that can be applied to continuing education compliance requirements.