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Fundamentals of Insurance

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The Fundamentals of Insurance (FOI) is an approved pre-licensing course that satisfies the education requirements in Nova Scotia for a Level 1 general insurance license.

The Fundamentals of Insurance textbook begins with a history of insurance, then guides students through definitions, functions, and the principles of insurance. Topics include:

  • Introduction to General Insurance
  • Insurance Contracts
  • The Role of Government in the Insurance Industry
  • The Insurance Process
  • Common Characteristics of Property Insurance Policies
  • Personal Property Insurance
  • Principles of Legal Liability
  • Introduction to liability insurance

 

FUNDAMENTALS (FOI) EXAM 

All exams for FOI are conducted online and require a proctor.  Exams are taken through a third party provider, CAPTUS PRESS.

The FOI exam is 2 hours. 

Immediately following completion of the exam students will receive their mark and a certificate of completion by email.  The pass mark is 75%.

Please view Fundamentals FAQ's

Once students successfully complete the exam they must advise the Office of the Superintendent of Insurance. Click HERE for details