While the specific process for becoming an insurance agent will vary by province the general process is similar across Canada.
How to become an insurance agent in ontario. Helpful Licensing Information for Ontario Insurance Agents. In order to become certified you must pass all the exams associated with the modules needed. Once you understand the differences between the 2 and have chosen to become an insurance agent getting licensed is a very simple 3 step process.
Licensed Insurance Companies in Ontario. Complete a General Insurance Agent application provide applicable supporting documents and pay the required fee of 15000. Insurance can be a competitive field and most employers will not be interested in applicants who do not have a high school diploma.
Write and pass the LLQP examination that is offered by. You will receive five study modules. We also provide the education needed to get your independent adjuster license in Ontario.
FSCO does not conduct the examinations. If you are interested to find out more about how to become an insurance agent please visit. Pass the Exam Mandatory to Become an Ontario Broker Employment or sponsorship isnt required to write the exam You do not have to take a course before you write the exam although it is recommended.
To sell auto insurance in Ontario you need to be licensed as a general insurance broker. Selling life insurance or other retirement products that are tied to the stock market will require federal level licensing from FINRA. Once you are successful IFSE will update your status on the Canadian Insurance Participant Registry account you created as part of the enrolment process.
It changes the study process and the exam for those who want to become a life insurance agent. To do that you need to pass the RIBO Entry Level 1 exam. As of July 4 2006 the application must be filed electronically and can be obtained from Licensing Link as noted below Be familiar with the laws of Ontario relating to the licensing of general insurance agents.