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 1st 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 |
Online in Greater Vancouver: twice a day on Wednesdays and Fridays, 10:00am or 1:00pm Online Outside Greater Vancouver: Monday through Friday. Paper: Four (4) exam dates each year. |
Online in Greater Vancouver: twice a day on Mondays, Tuesdays, and Thursdays, 8:45am or 12:30pm Online Outside Greater Vancouver: Monday through Friday. Paper: Four (4) exam dates each year. |
| Applies towards CAIB designation? | No. | Yes. |
| Continuing Education Credits | None. | None if completed prior to licensing. 8 CE credits 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 a brokerage that pays annual membership fees to IBABC.
