We get questions from a lot of students wondering about how much it costs to get your General Insurance License (GIL) in Alberta. In response, to your questions, we wrote a short guide on the costs involved with each level of license. Hopefully this Alberta insurance licensing cost breakdown guide is helpful for you.
Alberta General Insurance Level 1 Costs
In Alberta, there are 2 costs involved with getting your Level 1 license:
- Alberta General Insurance Level 1 course enrollment through PNC Learning (a AIC GLQP Education Provider): $199
- Alberta Insurance Council (AIC) Alberta Level 1 Exam fee: $50
Alberta General Insurance Level 2 Costs
Once you’ve passed your Level 1 exam, many brokers will want to move forward with their Level 2 licensing so they can take on more responsibilities and work more independently in the industry. In fact, we usually recommend most students get at least their Level 2 license as quickly as possible just to get it done and out of the way.
The cost to get your Level 2 license are:
- Alberta General Insurance Level 2 course enrollment through PNC Learning: $299
- Alberta Level 2 Exam fee: $50
Alberta Insurance Licensing Cost Breakdown: Level 3
This license is required if you want to be a nominee or principal broker at your office. Most brokers will not need this level but if you do, here are the costs:
- CAIB 4 course enrollment through PNC Learning: $199
- Alberta Level 3 Exam fee: $50
Alberta Insurance Council Licensing Fee
Once you’ve passed the exam and found a job, it’s time to apply for your license with the help of your employer/sponsor. The AIC’s latest fee for new licenses and renewals is $95 but if you’re trying to change or reinstate your license, the fee is only $25.
The AIC’s latest fee schedule can be found here.
If you are struggling with these costs, we do our best to help with different financial aid options such as our interest-free financing plans or our scholarship program.
I hope this Alberta insurance licensing cost breakdown was helpful to you. If you still have any questions about the costs involved or different financing plans available through PNC Learning, don’t hesitate to contact me.