There are many insurance courses in BC available to students depending on what their goals are and what type of license they want to get. Here are what insurance courses you need in BC to become an insurance broker or agent.
In BC, there are 3 levels of license for general insurance brokers that have different levels of authority. You can take these exams in any order but you need to apply for the license in order.
Level 1 Insurance Course for BC
The Level 1 general insurance license lets you start working in the industry. You can sell insurance but you have to work under the supervision of a Level 2 or 3 licensee.
To get your Level 1 insurance broker/agent license in BC, there are 2 courses/exams you can choose: CAIB 1 or Fundamentals of Insurance. There are pros and cons to each option which we discuss elsewhere on our website. For most people, we recommend taking the Fundamentals of Insurance course over the CAIB 1 course.
Level 2 License
If you want to work without supervision, work from home, or visit clients at their home or office, then you need your Level 2 license.
To get your Level 2 license, you need to pass 2 CAIB exams: CAIB 2 & CAIB 3.
To help you prepare for these, PNC Learning has created a CAIB 2 course and CAIB 3 course as well as a BC Level 2 General Insurance Licensing Bundle with both courses bundled together for a discount.
Level 3 License
This license lets you supervise other brokers and own/manage your own brokerage as the “nominee”. Most people will not need to get this level of license but it is still good to do the exam in case you ever need it.
To get this license, you need to study our CAIB 4 course and pass the CAIB 4 exam. You also need to have been licensed for 5 of the last 7 years including at least 3 years as a Level 2 licensee.
CAIB Designation
In order to get your CAIB Designation, you need to pass all 4 CAIB exams. If you got your Level 1 via Fundamentals of Insurance before moving on to the other levels, you will need to go back and take the CAIB 1 exam.
This designation is completely optional but it does look good with employers and clients so try to get it. But it’s definitely not the highest priority – I recommend focusing on getting your Levels first.