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Insurance broker licenses are issued on the regional/provincial degree in Canada, so requirements vary depending on where you plan to execute company. Once you receive your first license, you may contain to complete continuing-knowledge classes over the course of your career to hold the license current.

Difficulty: Moderate Instructions

1 Speak to the Financial Services Commission in the province in which you wish to practice for licensing guidelines. Though licensing conditions vary, according to the Insurance Brokers Association of Canada (IBAC), there's no certain education duty with brokers. University-level organization classes may aid you gain knowledge that could be helpful to your job, according to IBAC.

2 Meet the licensing exam required with your province. The Financial Supports Commission will give you details about registering plus preparing to the examination. The provincial IBAC chapter in your location can also give you test advice and study recommendations specific to the exam you're taking. This chapter can also present insurance policy courses that may possibly be handy as you prepare for the test.

3 Apply for a broker's license according to the procedure in your province. Although the distinctive procedure varies, anticipate to complete an application, afford proof of your exam scores plus pay a fee. Obtain the relevant application away from the province's Financial Services Commission. The commission will in addition counsel you while licenses should be renewed and what continuing-education requirements you need to meet to keep your license current.

4 Begin working. According to the IBAC, licensed brokers may work independently, selling products away from several different insurance companies, or they can work to an established insurance policy brokerage.