Employment of licensed insurance agents is expected to increase by 10 percent over the next decade. Even if you only want to sell car insurance in BC you have to go through the same General Insurance licensing process as everyone else.
The Insurance Council of British Columbia is the governing body that regulates and licenses insurance agents in BC.
How to become an insurance agent in bc. On-the-job training and insurance industry courses are also mandatory. Even if you only want to sell car insurance in BC you have to go through the same General Insurance licensing process as everyone else. GETTING YOUR AUTOPLAN LICENSE IN BC.
New life and health insurance agents must be supervised by a more senior agent for two years. In order to protect Canadian consumers insurance agents and brokers are licensed and regulated by provincial governments. The general insurance licensing program offers the education required by the Insurance Council of BC to obtain a Level 1 Salesperson Licence – Autoplan and homeowner policy sales.
This license will enable you to sell all types of general insurance including home auto business and travel insurance. Most provinces impose provisions requiring agents to stay current by taking continuing education courses. This license will enable you to sell all types of general insurance including home auto business and travel insurance.
Submit an application for a General Salesperson Level 1 insurance license to the ICBC. Licensing as an Insurance Agent Broker. To be an insurance broker in BC you must be licensed.
However a bachelors degree or college coursesdiploma in financeaccounting economics mathematics statistics or business law is usually required. In order to qualify for a licence you must have passed one of the approved pre-licensing exams offered exclusively by IBABC. While the specific process for becoming an insurance agent will vary by province the general process is similar across Canada.
Life insurance agent qualifications and application information for first-time or returning individuals applying for an insurance licence in British Columbia. Ad Search Insurance Company Agents. Be sure to check with your provincial regulator to get the full list of requirements.
As of 2010 the application fee was 250. Get Results from 6 Engines at Once. Complete your education at least through the high school level.
To become an insurance agent in BC you need to pass either the Fundamentals of Insurance or CAIB 1 exam to get your Level 1 insurance license. It uses topics from the Insurance Institutes General Insurance Essentials. The minimum education requirement for an insurance agent is a high school diploma.
People in this career must complete course work and a licensing exam for the type of insurance they will sell. This means taking either the Fundamentals of Insurance exam recommended for new brokers or the Canadian Accredited Insurance Broker CAIB 1 exam. The Insurance Council of British Columbia mandates that all licensees complete a Council Rules Course within the first year of licensing.
Get Results from 6 Engines at Once. A person other than an insurance company or an extraprovincial insurance corporation who solicits obtains or takes an application. Learn the steps it takes to become an insurance agent the licensure requirements to sell life health property and other insurance and the average salaries for insurance agents in your state.
Getting Your Autoplan License in BC. Once you are employed with them they will submit an application to the Insurance Council of BC. Above all the insurance agent should have the ability of speaking in public with confidence.
To hold an insurance licence an individual or organization must meet standards of qualification and practice set by the Insurance Council under the Financial Institutions Act. To become an insurance agent in BC you need to pass either the Fundamentals of Insurance or CAIB 1 exam to get your Level 1 insurance license. Degree and Qualification An insurance agent should preferably have atleast a Bachelors Degree with some sales finance Mathematics accounting and business background.
Ad Search Insurance Company Agents. General insurance licences are obtained through the Insurance Council of BC 604-688-0321. Is informedif you decide to stop working in the industry your license must be surrendered it can always be reactivated.
To issue you a Level 1 license. To work as an insurance agent salesperson or adjuster in BC you must be licensed by the Insurance Council of BC. Obtain an application for from their website and submit it along with the application fee copy of your exam scores and a criminal background check.
This means taking either the Fundamentals of Insurance exam recommended for new brokers or the Canadian Accredited Insurance Broker CAIB 1 exam. While the license is transferable amongst different brokerages as long as the Insurance Council of BC. Section 168 of the Act defines an insurance agent as.