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Pathway to Becoming an Insurance Broker in Nova Scotia

Becoming an insurance broker in Nova Scotia involves a structured process of education, examination, and licensing. Here’s a step-by-step breakdown:

1. Understand the Role

Insurance brokers act as intermediaries between clients and insurance companies. They provide expert, unbiased advice to help clients choose the best insurance products for their needs—whether for home, business, or vehicle coverage. Brokers are licensed professionals who work for the client, not the insurer, and are instrumental in guiding clients through claims and policy renewals.

2. Complete Required Education

To qualify for a Level 1 (entry Level)  General Insurance Agent License in Nova Scotia, you must be 19 years of age, and complete one of the following educational pathways:

The completion of additional CAIB courses as outlined by the Office of the Superintendent of Insurance, would be required if you wanted to level up your license (Advanced Licensing – level 2 or 3)

3. Pass the Licensing Exam

You must pass the provincial licensing exam. For general insurance, exams are administered online by the Insurance Brokers Association of Nova Scotia (IBANS). A passing score is 60% for CAIB and 75% for Fundamentals.

4. Apply for Your License

Submit your application to the Office of the Superintendent of Insurance. You’ll need to provide:

  • Exam results through the form of an official transcript
  • Sponsorship from a licensed insurance agency and employment with an insurance broker. Your brokerage will assist you with the sponsorship required to obtain a license and provide you with all the necessary documentation.
  • A completed application form and applicable fees 
  • Criminal Record Check

5. Begin Practicing Under Supervision

Newly licensed brokers often begin under the supervision of a senior broker or agency. This period allows you to gain practical experience and build client relationships.

6. Continue Professional Development

Ongoing education is essential. Brokers are expected to stay current with industry changes, regulatory updates, and ethical standards.

7. Optional: Specialize or Advance

With experience, brokers can pursue advanced certifications (e.g., full CAIB designation) and specialize in areas like commercial risk, cyber insurance, or reinsurance.