You will need to decide between two types of insurance agents when starting your insurance agent business.
How to become an insurance agent in ontario. How to Become a General Insurance Agent. Visit the LLQP or AS pages for more information. Complete your education at least through the high school level.
Even though you only plan to sell auto insurance you will need to learn all sorts of different insurance concepts including home insurance commercial insurance liability insurance and automobile insurance in. Financial and Consumer. Enroll in the life licensing qualification program LLQP offered by qualified providers.
How to Become Licensed as a Life Insurance Agent or Accident and Sickness Insurance Agent. The Insurance Institute provides training and study resources to prepare you to take the exams for the insurance agent and insurance broker licensing exams in Ontario. All individuals must meet the qualifications outlined in Section 5 of Ontario Regulation 991 of the RIB Act.
Study the Other Than Life OTL Course. Complete an LLQP training course that has been authorized by the Superintendent. Satisfying the only business or employment requirement.
Financial Services Regulatory Authority of Ontario. Helpful Licensing Information for Ontario Insurance Agents. Auto Insurance License in Ontario.
If you are working to become a life insurance agent or financial advisor you will need licensing over and above your states insurance license. To become licensed as a general insurance agent the applicant must successfully pass the qualifying examination for general insurance. Licensed Insurance Companies in Ontario.