Practising CRNBC registrants automatically become beneficiaries of CNPS upon initial registration, and that status is renewed annually during the renewal period. The cost is included in the overall registration or renewal fee.
In 2017, practising RNs and employed student registrants (ESRs) will pay a total PLP fee of $66.41. Nurse practitioners will pay $120.49. This fee includes:
The five-year supplemental fee of $29.25 brings BC registrants' insurance investment to the same level of other provincial registrants who have been paying into CNPS for years. This enables CRNBC registrants to be fully protected, even for liabilities prior to 2016. This fee will end after five years in 2021 (CRNBC paid the supplemental fee in 2016).
In 2016, CRNBC closed the college's own small "captive" insurance company, and used the existing funds to pay the CNPS fee on behalf of registrants for 2016.