Licence Qualifications
General Insurance
 
 

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Level 1 General Insurance Salesperson Licence

A salesperson licence is an entry-level licence that requires the licensee be under direct supervision, restricts where the licensee can work and prohibits the holder from signing contracts of insurance.*

* Effective January 1, 2017, salespersons will also be required to have additional training, education, and experience before engaging in automobile insurance outside the office; and at least 60% of a salespersonís annual income from his or her employment at an insurance agency will have to be comprised of a salary. For more details on these new requirements, please review Council Notice ICN 16-006.

Education

Applicants must successfully complete one of the education options listed below. Results from successful completion of any of these options (including those courses granted under equivalency) are considered valid for a period of one year from completion date. If applicants wait longer than one year to obtain a licence, they will be required to rewrite the exam(s).

  1. Fundamentals of Insurance: This program is offered through the Insurance Brokers Association of B.C. (IBABC) and some colleges in the province.


  2. Canadian Accredited Insurance Broker Program: Successful completion of CAIB 1. CAIB 1 is the first semester of a more extensive insurance education program offered by IBABC.


  3. Insurance Institute of Canada: Successful completion of C11 and C130.


  4. The General Insurance Essentials Program - Part 1 and Part 2, available through the Insurance Institute.
Equivalency: In addition to the above, Council granted ILS Learning Corporation equivalency for its course, the Introduction to General Insurance as a licensing qualification course to qualify for a Salesperson's licence and will consider the course as part of the education criteria towards a Level 2 or 3.

Council does not have information regarding costs, delivery methods or scheduling. Contact information for the above course providers can be found under HANDY LINKS AND CONTACTS - GENERAL INSURANCE EDUCATION PROVIDERS.

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