LICENSING REQUIREMENTS FOR LIFE OR ACCIDENT & SICKNESS INSURANCE AGENTS

Life Insurance Council
April 2007

1. Applicants for Life or Accident & Sickness insurance licenses should complete the application Form #1. Only one
class per application please.

2. New applicants for "Life" or "Accident & Sickness" are required to pass an examination before a license can be issued. Please see examination procedures. All new applicants must provide an original security clearance document
which is not more than three months old.

3. Examinations are not required for persons who held, in Alberta, the class of license being applied for within the past two years.

4. Nonresidents and persons who were licensed in another jurisdiction within the last year must submit an original,
personal nonresident endorsement or other certificate of status, not more than 3 months old, from the appropriate
licensing authority in their home jurisdiction. In addition, proof of examination results and/or successful completion of
educational courses is required.

5. If a license is to be issued in the name of a business and you are to be the "Designated Representative" to act for that business you must also submit an application for a corporate certificate of authority (Form #6). If the business is a nonresident, it must provide evidence that it is licensed as an insurance agent from the appropriate licensing authority in its home jurisdiction.

6. A license cannot be issued in the name of the corporation unless the corporation is registered in Alberta. Please check with any private registry office for further information.

7. It is a requirement of the Alberta Insurance Act that you carry on business in Alberta in the name in which you are
licensed. Please be certain that you comply with that requirement.

8. In order to be the Designated Representative of a business an applicant must be qualified to receive a full life insurance agent's certificate.

9. The fees for Certificates of Authority are:

 

 

10. If you have paid a full fee in the current licensing year any change to that class of license prior to December 15 in
that year will only require a $25.00 fee.

11. If you apply for a Certificate of Authority after December 15 or apply for amendment, reinstatement after that date but before February 15 the full year fee is payable but the expiry date will be the second following February 15.

12. Your application must be recommended by a person who has specifically been authorized by the head office to
recommend agents for that insurer.