Corporate or Partnership Travel Insurance Licence

Corporate or partnership travel insurance licence qualifications and application information for first-time or returning travel insurance licence applicants in BC.

Previously, entities who were licensed with another financial regulator (i.e. mutual fund dealers, securities dealers, and mortgage brokers) were not granted insurance licences in BC as Council had determined that this could be problematic in the event of an investigation or inspection and it had the potential to cause confusion for clients with regard to their rights and protections.

Council reviewed this policy at its July 2018 meeting and, in light of the fact that other Canadian jurisdictions allow joint licensing and that Council Rules address concerns related to inspections, investigations, and public confusion, Council determined that effective immediately, it will consider applications from entities registered with another financial regulator. Before applying for a licence, Council recommends that you consult with your other regulator(s) first, as it may have its own rules and restrictions in place.
  • Requirement to register with Consumer Protection BC: Council will only issues travel insurance licences to agencies registered to act as a travel agent with Consumer Protection BC.
  • Requirement for Agency Name Registration with the BC Corporate Registry: Council requires all agency names to be registered with the BC Corporate Registry. An insurance applicant or licensee is required by the Financial Institutions Act to have a name that is neither misleading, nor likely to cause confusion for the public. Section 31 of the Financial Institutions Act also requires that any time the word “insurance” or “assurance” or “mortgage” is used, the name cannot be used in a manner that would cause a member of the public to believe the entity is an insurance company.
  • Requirement for Trade Name Registration with the BC Corporate Registry: A corporation intending to carry on business under trade name, that is, a name different than its legal corporate name, must register the desired trade name with the BC Corporate Registry and apply to have that name approved by Council.

Employees or commissioned salespeople of the licensed travel insurance agency do not need to hold a licence if their only insurance-related activity is to sell travel insurance incidental to the ordinary business of the travel agent or wholesaler.

Employees of the licensed travel insurance agency or wholesaler must meet education requirements to qualify for the individual licensing exemption:

2560 Matheson Blvd. East, Ste 226

Mississauga, ON L4W 4Y9

Telephone: 1-888-257-2282│1-905-282-9294 (ext. 128)

Facsimile: 1-905-282-9826

Web: www.acta.ca 

Email: (Exam Coordinator) kmurtaza@acta.ca

  • Exam results are valid for a period of 1 year. An individual is not eligible for the licensing exemption and must retake the exam, if:
    • He or she has not worked in the travel insurance industry for 1 year after successful exam completion.
    • He or she has not been actively involved in the travel insurance industry for 2 or more years.
  • The licensed travel agency or wholesaler is responsible for ensuring its exempt employees meet these education requirements.
  • Exempt employees must also complete a minimum of 2 hours of continuing education each calendar year, following specific content and record-keeping requirements.

*Council does not have information regarding course costs, delivery methods, or scheduling.

  • Complete the application yourself, following the instructions in the application package. 
  • Answer all questions and attach all required documents, including the application fee, before submitting your application to Council, as incomplete applications may take longer to process.
  • If your application has been pending for more than our displayed processing times, please feel free to contact Council's Licensing Department.
View and download the Corporate or Partnership Travel Insurance Licence Application

View and download the Directors, Officers, Partners, and Controlling Shareholders Exhibit Only Form

View and download the Corporate or Partnership Travel Insurance Licence Fee Schedule