Individuals who hold a Restricted Auto licence may only sell automobile insurance, excluding any insurance for vehicles that are used commercially (where the primary purpose of the vehicle is for business, not including farm use).

To qualify for a Restricted Auto licence, individuals must complete the:

• IBAS Auto Part I (Basic) exam or the SGI New Issuer Training program;
• IBAS Auto Part II (Extension) exam; and
• GICS Auto Bylaws exam or GICS General Bylaws exam.

To be able to apply for a Level 1 License, you will need a total of 4 exams.

• Auto Part I
• Auto Part II
• General Bylaws
• CAIB 1 or Fundamentals of Insurance

The exams can be taken in any order, but it is required that you become licensed within one (1) calendar year from the time of the 1st passed exam. Failure to apply for a licence in the time frame will result in the exam marks being voided.

To register for an online exam, please follow the steps below.

1. Go to the exam page below on our website that you need to register for.
   Auto Part I and Auto Part II: https://www.ibas.ca/restricted-auto.html
   General Bylaws: https://www.ibas.ca/GICS-bylaws.html
   Fundamentals of Insurance: https://www.ibas.ca/fundamentals-of-insurance.html
   CAIB: https://www.ibas.ca/caib.html
2. Scroll to the bottom and have them click on the ‘Self-Study – Exam Name’ option.
3. On the next page, select the correct exam from the list and click ‘Register Now’.
4. This will prompt you to create a guest account or log in to n existing account. Follow the instructions to log in or create a guest account.
5. Once logged in, you will be brought to the registration page. confirm that your information is correct and click ‘Submit’.
6. Once registered, go to the ‘My Courses’ page, located in a list on the right-hand side of the webpage.
7. On the ‘My Courses’ page, the Course will be listed in a courses table, and there will be a link to click to register for the exam.
8. Click the link and follow steps one and two listed on that page to register for the exam.
9. Step 1 will be the online exam registration, where you will enter your information and pay for the exam.
10. Step 2 is the required proctor form that must be submitted to the IBAS office unless you select to write the exam at the IBAS office.
11. Both of the above steps must be completed a minimum of 3 business days prior to the chosen exam date.

Each IBAS exam is unique, please see the below breakdowns of each to fully understand each format.

Auto Part I and Auto Part II

These are two-hour long, multiple-choice exams. The exams cost $275+GST each or are free to IBAS members.

https://www.ibas.ca/restricted-auto.html

General Bylaws and Auto Bylaws

These are a one-hour long, multiple-choice exams that are open book. The exam costs $100+GST or is free to IBAS members.

https://www.ibas.ca/GICS-bylaws.html

Fundamentals of Insurance

This is a 2.5-hour long, multiple-choice exam. The exam costs $250+GST.

https://www.ibas.ca/fundamentals-of-insurance.html 

CAIB 1 - 3

These are 3.5-hour long exams with multiple-choice, definition, and short-answer questions. The exam costs $450+GST.

https://www.ibas.ca/caib.html 

CAIB 4

This is a 3.5 hour long exam with long-answer questions. The exam costs $450+GST.

https://www.ibas.ca/caib.html 

Study material for each course can be found below.

Auto Part I & Auto Part II

The study material is found under the Restricted Auto page of the IBAS website under the 'Self-Study' paragraph.

Click here to access the page.

General Bylaws & Auto Bylaws

The study material is found under the GICS Bylaws page of the IBAS website under the 'Self-Study' paragraph.

Click here to access the page.

Fundamentals of Insurance

The Fundamentals of Insurance study material is a textbook that must be purchased on the Textbook Orders page on the IBAS website.

Click here to order a textbook.

CAIB 1 - 4

The CAIB 1 - 4 study material is a textbook that must be purchased on the Textbook Orders page on the IBAS website.

Click here to order a textbook.

The proctor form can be found during the online examination registration process under the step 2 area.

Alternatively, it can also be found on the ‘My Courses’ page found here.

To change your exam date, please contact the IBAS education team at education@ibas.ca. You will need to request the change and submit a new proctor form.

All exams can be deferred once at no cost, further deferrals will result in a deferral fee.

Exam receipts can be found here. You will need the confirmation code that was sent to you upon registration from Captus Press. The code will have your last name and a string of numbers behind it.

An IBAS account can be created in a few ways, either your brokerage manager can create it or request an account for you, the IBAS team can create an account for you by contacting them at community@ibas.ca, or you can create a guest account by clicking here.

Email the IBAS team at community@ibas.ca to link your profile to your brokerages IBAS membership.

The ethics course can be found here. The course consists of 3 one-hour-long videos and a short quiz. The total cost is $75+GST. Once payment is received, the course can be accessed immediately.