ACCREDITED CONTINUING EDUCATION & ONLINE INSURANCE COURSES FOR FUNDAMENTALS OF INSURANCE, CAIB*, RIBO**, ALBERTA GIL & OTHERS

October 9, 2019

Last Updated on March 1, 2022 by Jacques Wong, B.Sc.

Summary: What is a general insurance license? It is a license that allows you to sell and advise clients on general insurance (aka. property & casualty insurance). Common categories of general insurance include: automobile insurance, home insurance, tenants insurance, business insurance, etc. This is different from a life insurance (LLQP) license which allows you to sell life and health insurance products.

If you’ve found your way onto this website and are reading this article, you likely have some interest in getting into the insurance industry. If you are, congratulations, I think it’s a great industry with a lot of potential in terms of growth, earnings, and personal fulfillment. That said, it is tightly regulated and navigating that can be confusing for a lot of people.

What are the different types of insurance licenses in Canada?

Generally speaking, you have 2 types of insurance that you need a license to sell: general insurance and life insurance.

General insurance means property and casualty insurance which is also sometimes called property & liability. This includes insurance products such as: home insurance, car insurance, business insurance, etc. These are insurance products meant to protect you against financial loss resulting from loss to your property or if you are found legally responsible for causing loss to someone else (ie. if you hit someone with your car by accident).

Life insurance refers to products insuring someone’s health or life. This includes products like: health insurance, term life insurance, permanent life insurance, group benefits, dental plans, etc.

What do I need to sell General Insurance in Canada?

The requirements vary from province to province but generally speaking, you need to study for and pass the Level 1 exam to start your career. To do that, we have a variety of general insurance provincial licensing prep courses. Make sure you choose the right one for your province. If you’re not sure, ask us.

Jacques Wong is the CEO and Director of Education at PNC Learning. An award-winning licensed insurance broker with over 15 years of experience in both education and the insurance industry, Jacques is recognized for his expertise and effective communication strategies. He achieved the highest provincial scores on his CAIB* 3 and CAIB* 4 exams and contributes to leading insurance publications. Jacques is dedicated to making insurance knowledge accessible for everyone through his unique approach and online content.

Jacques Wong

 Jacques wong

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PNC Learning was started by insurance professionals for insurance professionals.

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