Last Updated on June 7, 2026 by Jacques Wong, B.Sc.
Embarking on a career in the insurance industry is an exciting step toward a rewarding and stable profession. Whether your goal is to become an insurance broker, agent, or adjuster in British Columbia, passing the BC insurance exam is a crucial milestone on your path to success.
In this guide, we’ll provide a step-by-step overview of the general insurance exam registration process in British Columbia, from understanding prerequisites to effective preparation strategies and tips. Whether you’re new to the industry or need a refresher, this resource will equip you with the knowledge and confidence to excel.
Fundamentals of Insurance (FOI) Exam
There are actually 2 types of BC insurance exams you can take to earn your Level 1 license: Fundamentals of Insurance & CAIB 1.
The Fundamentals of Insurance (FOI) exam is a pivotal step in your journey toward building a strong foundation in the insurance industry. This 2.5 hours online exam consists of 100 multiple-choice questions designed to assess your understanding of key concepts and principles in insurance. To pass the exam, you’ll need a minimum grade of 70%.
Familiarizing yourself with the Fundamentals of Insurance exam format and structure is essential for success. By understanding the types of questions and topics covered, you can better prepare, manage your time effectively, and confidently demonstrate your knowledge.
CAIB Exam
The CAIB Exam is a comprehensive assessment designed for those pursuing certification as a Canadian Accredited Insurance Broker. The exam is divided into four levels: CAIB 1, 2, 3 & 4 which consist of multiple-choice, definitions, and short-answer questions. You have 3.5 hours to complete each exam and a minimum grade of 60% is required to pass. Our CAIB Exam Information blog post has more information to help you prepare for the exam.
How to Register for the BC INSURANCE Exam
Step 1: Select your proctor
Choosing the right exam proctor is a critical step to ensure a secure and fair testing environment. Your proctor will oversee the exam process, verify your identity, and maintain the integrity of the test. Be sure to select someone who meets the proctor eligibility set by your testing organization.
Proctor Eligibility:
- Level 3 License Holders (at your brokerage office)
- Government Exam Center (this option is only available in remote areas)
- Education Professionals (from accredited colleges/universities)
- IBABC Office (if you live in Vancouver, you have the option to write at the IBABC office)
- Online Proctor (you can also choose a virtual proctor when filling out the proctor portion of the exam registration)
More info on proctor selection & eligibility are available here.
Step 2: Register and Pass the Insurance Exam
You must complete the process at least three (3) business days before your chosen exam date. Once your payment is processed, you will receive an examination candidate code via email, which is required to log in and begin your exam on the scheduled day. Please note that your exam application will not be approved unless both Steps 1 and 2 are completed correctly and on time.
Writing the Insurance Exam in BC
Exams are offered only on the computer – whether you write it in-person somewhere or proctored virtually. The insurance exam schedule varies depending on who is proctoring your exam. The virtual proctor will have the most flexibility seconded by the brokerage option as you can always coordinate with your manager on preferred exam times.
If you choose to write at the IBABC office, exam hours are more limited:
- Tuesday: 1pm – 330pm
- Wednesday: 9am – 11:30am
Pro Exam Tip: Computer-based exams are convenient, but you cannot revisit and revise your answers for the completed sections. You should be allowed to bring a piece of paper into the exam with you – use that to note down the key parts of any question you’re struggling with.
Pro Exam Tip: If you are using a virtual proctor, make sure you test out the system/technology before-hand. They can be really strict about having papers and things sitting around your room so make sure you clear your exam room beforehand.
Exam Fees and Registration
Fundamentals of Insurance
- Cost: $195
- Registration: Online registration is available here.
CAIB
- Cost: $650 (for the digital textbook and exam)
- Registration: Available online here.
Exam Requirements
- Candidate code
- Government-issued photo ID
- If you choose to take Online Exam: The computer you use should be in a quiet, designated exam room and have a high-speed internet connection and an up-to-date web browser
- Respect exam location rules and policies.
- Be on time
Exam Cancellation or Deferral
You may defer or cancel your Fundamentals of Insurance or CAIB exam booking up until 4:30 p.m. (Pacific Time) on the day of your scheduled exam. However, if the deferral or cancellation is made less than seven (7) days before the exam date, a $75 fee will apply, and a payment link will be provided.
Requests for deferral or cancellation received after 4:30 p.m. (Pacific Time) on the exam day will be considered as an expired registration. To reschedule, you will need to register again and pay a fee of $195.
Please note that no refunds will be issued beyond six months from the date of exam registration.
Important Considerations
- Prepare Early: Advanced preparation and a clear understanding of the process significantly enhance your chances of success.
By following this guide, you’ll be well-prepared to navigate the process of taking the BC insurance exam and take the next step in your insurance career. Remember, dedication and preparation are key to achieving your goals and we’re here to help every step of the way.
Good luck as you embark on this exciting journey!