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.
I order to get your Level 2 License, you have to pass the CAIB 2 and CAIB 3 exam. CAIB 2 focuses primarily on commercial property insurance with a small component on business interruption in the last chapter (Chapter 7). CAIB 3 focuses on commercial liability insurance, sureties and specialty insurance (marine cargo, aviation, 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 3 first. There is a little bit less material and somehow, it just seems easier.
My theory is that this is because most Level 1 agents don’t touch very much CGL, surety, or marine cargo insurance in the office so they can approach the material with an empty mind.
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.