Notification of updated fee schedule for 2026
Published February 12, 2026
The Insurance Council of BC is an independent body tasked by government with the regulation of British Columbia’s insurance intermediaries. This work is funded through fees collected from industry. The Insurance Council publishes its fee schedule in February on a yearly basis, following approval of the annual budget by the voting members of Council.
What's changing
The Insurance Council has published an updated fee schedule for licensure and related services. This new schedule will take effect June 1, 2026, and apply to 2026 licence renewals starting this April. The complete fee schedule can be found on the website under Licensing Fees. An overview of updated items is provided below.
Updates to licensing fees
| Licence application |
Individual |
$415 ($390 + $25 government fee) |
| Annual licence |
Individual |
$375 ($350 + $25 government fee) |
| Agency/Firm |
$675 ($650 + $25 government fee) |
| Licence level upgrade application |
|
$260 ($235 + $25 government fee) |
Updates to insurer fees
|
Insurer fee
|
$6,500
|
|
Reciprocals
|
$3,250
|
Updates to exam fees
|
Full day (4 modules - 1 exam sitting)
Metro Vancouver locations
|
$210
|
|
Individual module per attempt
|
$80
|
Updates to course fees
|
Council course fee (per course credit)
|
$80
|
Other
|
CE course provider accreditation (3-years)
|
$690 application fee + $160 annual administrative fee
|
|
Individual CE course accreditation (3 years)
|
$160 annually
|
|
Individual CE course accreditation (1 year)
|
$210
|
Financial oversight
The Insurance Council believes in an approach where public protection is funded responsibly and fees for regulatory services pay for the costs of regulating the sector. We regularly adjust our fee structure to more accurately reflect the cost of services and regulatory activities.
All fees are set within the range established by the Insurance Council Rules and approved by voting council. The Insurance Council budgets on a 3-year cycle in alignment with its Strategic Plan to ensure adequate resourcing for regulatory functions and strategic initiatives. The budget is reviewed and approved by the voting members of Council; regular financial reporting is provided to the Finance and Audit Committee and to Council. The Insurance Council's annual financial statements are published on our website each September.
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