Becoming a Broker
Are you interested in a rewarding, challenging, fast paced, career as an insurance broker?
We have over 1,100 member insurance brokers helping consumers protect what’s most important to them and their family’s!
Brokers are front-line professionals that go above and beyond to help clients manage their risk and protect their assets (home, business, auto). They are trusted advisors to their clients and work on their behalf to find the best insurance solutions. Insurance brokers are dedicated to learning and are constantly updating their skills and knowledge to better position themselves to offer quality advise and service.
Commonly asked questions about a career as an insurance broker.
Insurance brokers working in Nova Scotia require a license to sell insurance, which is obtained from the Office of the Superintendent of Insurance. Licenses are only given to those individuals who are sponsored by a licensed insurance brokerage and who have successfully completed the required courses.
Our Association offers the Fundamentals of Insurance (FOI) and Canadian Accredited Insurance Broker (CAIB) course, however there are other licensing courses that are accepted by the Office of the Superintendent which may be obtained through other providers.
There are three levels of general insurance licensing in Nova Scotia and each level must be applied for following completion of the prescribed requisites.
LEVEL 1 LICENSE
Individuals possessing a Level 1 general license are required to work under the supervision of a Level 2 or Level 3 broker. The supervising broker is responsible for overseeing the professional conduct and business activities of the Level 1 broker. The supervising broker must review and sign all applications for insurance completed by the Level 1 broker. To qualify for a Level 1 license, individuals must successfully complete the:
- FOI or CAIB 1 module
LEVEL 2 LICENSE
Individuals cannot obtain their Level 2 license, unless they have previously held a Level 1 license, or have the equivalent qualifications acceptable to the Superintendent of Insurance. A Level 2 broker does not require supervision. To qualify for a Level 2 license individuals must successfully complete both the:
- FOI or CAIB 1 module; and
- CAIB 2 module and CAIB 3 module
LEVEL 3 LICENSE
Individuals shall not be issued a Level 3 license unless they have previously held a Level 2 license or have equivalent qualifications acceptable to the Superintendent of Insurance. To qualify for a Level 3 license individuals must successfully complete all of the following educations requirements:
- FOI or CAIB 1 module; and
- CAIB 2 module, CAIB 3 module, and CAIB 4 module
Please note that IBANS does not handle any applications or changes to licensing. For specific questions about licensing we ask that you contact the Office of the Superintendent of Insurance.
Office of the Superintendent