Last Updated on June 7, 2026 by Jacques Wong, B.Sc.
I get approached by people all the time asking how they should go about getting their Level 2 Insurance License. So, I figured that instead of answering people individually, I should just write a blog post about it for anyone who might come across this information.
The Basics
I order to get your Level 2 License, you have to pass the CAIB 2 and CAIB 3 exam. CAIB 2 focuses primarily on basic commercial insurance concepts like commercial property and commercial general liability with a small section on commercial automobile insurance. CAIB 3 focuses on more specialty commercial insurance products like business interruption, cyber insurance, marine & aviation, D&O, etc..
The CAIB exams have a definitions, multiple choice and short answer sections. Unlike Fundamentals of Insurance, 60% is the passing grade.
Which one first?
This THE question top of mind for everyone trying to get their Level 2 License. Should they take CAIB 2 first or CAIB 3? In general, I recommend that most people do CAIB 2 first. The 2 modules aren’t very related but doing CAIB 2 first sets the foundation for commercial insurance that makes understanding the specialty/niche products later on in CAIB 3 a lot easier.
My theory is that this is because most Level 1 agents don’t touch very much business interruption, crime, cyber insurance, marine & aviation, reinsurance, D&O insurance or surety bonds in the office so they have a lot less of a fundamental understanding when going into it.
Conclusion
So, that’s my recommendation and should be everything you need to know to get started on your Level 2. If you have any more questions, feel free to reach out. I’m happy to answer any questions.
If you’re interested in getting your Level 2 license quickly but don’t want to read through the HUGE textbook or take expensive courses, we have a new discounted Level 2 Course Bundle available.