Licence Information Individuals considering a general insurance licence
must successfully meet appropriate entry level requirements and complete a licence
application form. The entry requirements include successfully passing the appropriate
examinations.
A summary of information required for each
level of licence is provided below. Individuals should refer to the Council Bylaws for
complete details.
Level 1
- General Insurance Council Bylaws
examination; and
- the Fundamentals of Insurance course and
examination; or
- the Canadian Accredited Insurance Broker
(CAIB 1) course and examination; or
- the General Insurance Essentials (GIE),
C130 and the Life Licensing Qualification Program (LLQP) Accident and Sickness courses and
examinations; or
- the C11, C130 and the Life Licensing Qualification
Program (LLQP) Accident and Sickness course and examinations.
A Level 1 licensee shall not:
- act in the transaction of commercial lines
of insurance unless supervised by a Level 2 or Level 3 licensee; or
- manage an agency; or
- act as a supervisor.
Level 2
A person applying for a Level 2 licence
must meet the licensing qualifications for a Level 1 licence and successfully complete one
of the following:
- the Canadian Accredited Insurance Broker
(CAIB 2 and CAIB 3) courses and examinations; or
- the C12, C13, C14 and C131 courses and
examinations.
A Level 2 licensee shall not:
Level 3
A person applying for a Level 3 licence
must meet the licensing qualifications for a Level 2 licence and successfully complete one
of the following:
- the Canadian Accredited Insurance Broker
(CAIB 4) course and examination; or
- the course of study leading to a Chartered
Insurance Professional (CIP) or an Associate (AIIC) designation.
A Level 3 licensee shall not:
- manage an agency unless he or she has at
least two years experience as a licensed agent/salesperson within the past five years; or
- manage or supervise more than three office
locations.
Please refer to the Bylaws for complete
details regarding licensing requirements. |
