Become a Broker

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Working as an insurance broker in the province requires individuals to be licensed through the General Insurance Council of Saskatchewan (GICS). There are four levels of property and casualty insurance licence. Each level can be applied for within one year after successfully completing the educational requirements.

You will find below the educational pathway offered through IBAS and its partners. Any individual may take an IBAS course; however, a licence will only be granted to those who are sponsored by a licensed insurance brokerage. Once the individual licence application is approved by GICS, any change in occupation or sponsor must be reported to GICS.

Restricted Auto Licence

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 1 (Basic) exam or the SGI New Issuer Training program;
  • IBAS Auto Part 2 (Extension) exam; and
  • GICS Auto Bylaws exam.

Level 1 Licence

Individuals who hold a Level 1 licence are restricted from: Acting in the transaction of commercial lines insurance unless supervised by a Level 2 or Level 3 licensee; managing a brokerage; and, acting as a supervisor within a brokerage. To qualify for a Level 1 licence, individuals must complete the:

  • Meet all the requirements for a Restricted Auto licence: and
  • Complete the CAIB 1 exam or the Fundaments of Insurance exam.

Level 2 Licence

Individuals who hold a Level 2 licence may sell both personal lines and commercial insurance, but cannot manage and oversee the operations of a brokerage. To qualify for a Level 2 licence, individuals must:

  • Meet all qualifications for a Level 1 licence; and
  • Complete both the CAIB 2 and CAIB 3 exams.

Level 3 Licence

Individuals who hold a Level 3 licence may sell both personal lines and commercial insurance, and can manage or supervise up to three brokerage office locations, provided the licensee has at least two years' experience as a licensed agent within the past five years. To qualify for a Level 3 licence, individuals must:

  • Meet all qualifications for a Level 2 licence; and
  • Complete the CAIB 4 exam.

Maintaining a Licence

Restricted Auto licensees must complete a minimum of three credit hours of continuing education per year.

Level 1, Level 2, and Level 3 licensees must complete 12 credit hours of continuing education per year, unless the individual has at least 25 years' experience in the general insurance industry or holds a CAIB, CPIB, or CCIB designation — in which case, only eight hours are required annually.