How much does it cost to become an insurance agent in Ontario?
$150.00
In order to obtain a licence, an applicant must meet the following requirements: Complete a General Insurance Agent application, provide applicable supporting documents and pay the required fee of $150.00.
How long does it take to get your insurance license in Ontario?
It takes about 100 hours to complete a qualifying LLQP course but it can vary. Once you complete the course, you’ll be given a certificate to present to the official exam administrator.
Do you need a licence to sell insurance in Ontario?
Insurance agents who want to sell property and casualty insurance, including auto insurance, in Ontario must apply for a general agent licence with the Financial Services Regulatory Authority of Ontario (FSRA). Note that general insurance is sometimes referred to as Other Than Life (OTL) insurance in Ontario.
How many hours training do you need to be an insurance agent?
Regulation 5(3) of the IRDA (Licensing of Insurance Agents) Regulations, 2002 prescribes that any individual agent or Corporate Agent before seeking renewal of licence, is required to undergo 25 hours of practical training from an Institute accredited by the Authority; in the case of Composite Agents, the period of …
How do I become an insurance agent in Ontario?
RIBO offers this exam. To apply for this exam print and complete the Ontario Automobile Insurance Examination Application Form and mail it to RIBO. Individuals who are eligible also need to meet all other eligibility requirements for a licence in Ontario. For more information, see: How to Become a General Insurance Agent.
Where can I find information about insurance licensing in Ontario?
To learn more about insurance licensing in Ontario, including broker licensing or agent licensing, you can contact your local chapter of the Insurance Institute of Ontario, the Financial Services Regulatory Authority (FSRA) or Registered Insurance Brokers of Ontario (RIBO).
What is the agent broker training center?
The Agent Broker Training Center offers Insurance Agent training for individuals who are either beginning a career in insurance or who are already established but would like to improve or expand their knowledge with additional insurance agent training. We offer state-approved insurance licensing and exam prep courses,…
Where can I find professional training for life insurance agents?
Associations such as the Life Underwriters Association of Canada (LUAC) and the Life Office Management Association (LOMA) sponsor courses and hold conferences. Universities and community colleges include courses for agents in their offerings. Professional insurance course providers organize professional development programs for agents.