While the specific process for becoming an insurance agent will vary by province the general process is similar across Canada.
How to become auto and home insurance agent. Obtain the appropriate license for the insurance you want to sell. 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 preparation for that exam. To become an auto insurance agent take classes in economics accounting and marketing while youre still in high school.
You will be then be asked to complete compulsory 15-hour training specified by IRDAI. Once youve registered for and passed the exam all thats left to do is apply for your. There is also state licensing to deal with.
We also provide the education needed to get your independent adjuster license in Ontario. Complete a General Insurance Agent application provide applicable supporting documents and pay the required fee of 15000. The first step to getting your insurance license is choosing which licenses you need.
Enter your ZIP code above to get started. You can pick up some RIBO 1 study materials on our website. Most insurance companies would require their agents to have a minimum of high-school diploma but some others would expect you to have a post-high school degree as well.
What You Need General insurance agents must. 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. Getting your insurance license is the first step to becoming an insurance agent.
1 pass a Level 1 examination and within 36 months pass a Level 2 examination 2 submit a security clearance document and 3 be recommended by an authorized person. For more about temporary licenses visit agent and. Helpful Licensing Information for Ontario Insurance Agents.