Licence Information Individuals considering a general insurance licence
must successfully meet appropriate entry level requirements and complete a licence
application form. The entry requirements include successfully passing the appropriate
examinations.
A summary of information required for each
level of licence is provided below. Individuals should refer to the Council Bylaws for
complete details.
Restricted Auto
A person applying for a Restricted Auto
Salesperson licence must successfully complete the following:
- If a resident of Saskatchewan, the General
Insurance Council Bylaws Examination; and
- the Extended Auto Insurance Licensing
Course and examination offered by the Insurance Brokers' Association of Saskatchewan, and
the SGI Auto Fund New Issuer Training course and examination; or
- the Saskatchewan Automobile Licensing:
Restricted Agent Course and examination offered by the Insurance Institute of Canada.
A Restricted Auto licensee shall be limited to the sale of automobile insurance,
excluding any insurance for vehicles that are used commercially. For the purposes of
this licence, used commercially is defined as: Any vehicle whose primary
purpose is for conduct of business, including conveyance of passengers for hire and
conveyance of goods for hire but not including farm use.
Level 1
- General Insurance Council Bylaws
examination; and
- the Fundamentals of Insurance course and
examination; or
- the Canadian Accredited Insurance Broker
(CAIB 1) course and examination; or
- the General Insurance Essentials (GIE),
C130 and the Life Licensing Qualification Program (LLQP) Accident and Sickness courses and
examinations; or
- the C11, C130 and the Life Licensing
Qualification Program (LLQP) Accident and Sickness course and examinations;
- the Introduction to General Insurance
Program and examination offered by the ILS Learning Corporation.
A Level 1 licensee shall not:
- act in the transaction of commercial lines
of insurance unless supervised by a Level 2 or Level 3 licensee; or
- manage an agency; or
- act as a supervisor.
Level 2
A person applying for a Level 2 licence
must meet the licensing qualifications for a Level 1 licence and successfully complete one
of the following:
- the Canadian Accredited Insurance Broker
(CAIB 2 and CAIB 3) courses and examinations; or
- the C12, C13, C14 and C131 courses and
examinations.
A Level 2 licensee shall not:
Level 3
A person applying for a Level 3 licence
must meet the licensing qualifications for a Level 2 licence and successfully complete one
of the following:
- the Canadian Accredited Insurance Broker
(CAIB 4) course and examination; or
- the course of study leading to a Chartered
Insurance Professional (CIP) or an Associate (AIIC) designation.
A Level 3 licensee shall not:
- manage an agency unless he or she has at
least two years experience as a licensed agent/salesperson within the past five years; or
- manage or supervise more than three office
locations.
Please refer to the Bylaws for complete
details regarding licensing requirements. |