Fundamentals of Insurance |
CAIB 1 |
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Licensing Qualification | Level 1 General Insurance Salesperson's License. | Level 1 General Insurance Salesperson's License. |
Textbook | $155. | $295 for IBABC members* $395 for non-members. |
Exam Fee | $195. | $395 for first attempt $195 for re-writes. |
Study Options |
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Topics Covered | General insurance contracts; the fire policy; residential and commercial property insurance; personal liability; accident and sickness insurance; ICBC Autoplan insurance. | General insurance contracts; home insurance; personal liability; farm insurance; basics of personal auto insurance; insurance professionalism; travel insurance. |
Exam Format | Multiple choice. | Definitions & short answers. |
Exam Availability |
Written online Click here for information and to register. |
Written online |
Applies towards CAIB designation? | No. | Yes. |
Continuing Education Credits | None. | None if completed prior to licensing. 8 CE credits per completed CAIB course if you're already licensed. |
Fundamentals of Insurance is the best choice if you're just starting out in the insurance industry.
For more information about licensing levels, please see the Insurance Council of B.C.'s website.
*You may only pay an IBABC Member price if you're employed by an insurance brokerage that's an IBABC member in good standing.