Fill out the License Application Form , including any corresponding forms. Email the completed form s and supporting documents to licensing insurancecouncilofbc. An online portal account will be created for you. Please wait for instructions via email, for login information and how to pay for your application. Your application will then be reviewed by a Licensing Officer, typically within business days.
On approval of your application, you will receive a confirmation email from our Licensing Team. We are currently reviewing applications, licence amendments and authority to represent ATR update requests received December 29, In response to recent flooding events in British Columbia, the Insurance Council is prioritizing completed adjuster licence applications, as well as issuing temporary adjuster licences.
All applications for adjuster licences will be identified and expedited with online applications being the quickest way to apply. This temporary measure will remain in effect until January 15, , at which time we will reassess the current need. To apply, please see Apply Online above. About Applying for a Licence Suitability to Hold a Licence Individuals looking to become licensed in British Columbia must meet the requirements of Council Rule 3 2 which sets out criteria for suitability to hold a licence.
First-time Licence Applicant If you are applying for an insurance licence for the first time, you will need to meet the qualifications and requirements for licensure, including suitability to hold a licence. Former Licensee Reapplying for a Licence If you are a former Insurance Council licensee, you may be eligible to re-apply under the Reactivation Provision if you previously held a licence within the last 1 or 2 years.
How to Re-apply Under the Reactivation Provision. Applicants who have previously held a licence within 1 year. Applicants who held an insurance licence in British Columbia within 1 year preceding the current application date are not required to re-take the qualifying education if: The current application receipt date does not exceed 1 year of the prior licence termination date; and The application is complete; and The applicant is currently applying for the same licence class they held previously; and The applicant held the same licence class as the current application continuously for the 1 year preceding the termination date of the previously held licence, and can demonstrate that the applicant was actively engaged in the business of insurance authorized under the licence for that 1-year period.
Re-applying for a licence under the Reactivation Provision can be done: Online. Applicants who have previously held a licence within 2 years. Applicants who held an insurance licence in British Columbia within 2 years preceding the current application date are not required to re-take the qualifying education if: The current application receipt date does not exceed 2 years of the prior licence termination date; The application is complete; The applicant is currently applying for the same licence class they held previously; and The applicant meets ONE of the following conditions: The applicant held the same licence class as the current application, for at least 5 of the 7 years preceding the current application date; or The applicant held the same licence class as the current application, for the 2 years preceding the termination date of the licence, and can show that the applicant was actively engaged in the business of insurance authorized under the licence for that 2-year period.
To re-apply for a licence under the Reactivation Provision, applicants will follow the standard application process, but will need to indicate on the form or online module that they are applying under the reactivation provision. Licensing for Non-BC Residents To apply for any form of non-resident licensing in BC, applicants must hold the same class and comparable level of licence in their home jurisdiction and meet certain requirements.
You have one year to complete this course and pass the exam, after which you have another year to register your license with FICOM. As this leaves you with a sub-mortgage broker license, this is just the first step in becoming a mortgage broker. After you have worked as a sub-mortgage broker for at least six months, you are eligible to begin the second step in becoming a registered mortgage broker in British Columbia.
This course is designed for people who want to own a licensed brokerage, or be a managing broker or associate broker at their current brokerage. You have one year to complete the course and pass the exam, after which you have another year to register your license.
The process of becoming a mortgage broker in British Columbia is a bit tougher than other provinces in Canada, as it enforces strong education and work experience standards. If you have the determination and drive to become a mortgage broker in British Columbia, you will not be disappointed with your career path. In most questions, point form answers are perfectly acceptable.
Seventy 70 percent is a passing grade. A passing grade sets the minimum level of performance needed to practice in a profession, as determined by the regulatory body. The passing grade needed must be high enough to protect the public but not so high as to unreasonably limit the number of those who wish to practice. No, this is not true, although extremely low passing grades are sometimes made up and reported by tutorial outfits who are looking for your business.
The pass rate for each sitting of the exam varies, however, the majority of students who write the exam will pass. The UBC Real Estate Division and the BC Financial Services Authority do not try to limit the number of students who pass the exam - they are only concerned with the fact that those who do pass the exam have the prerequisite knowledge to be likely to not harm the public.
In certain cases, course exemptions are available based on previous related experience or education. If you are currently licensed and wish to add a service to your licence, you are required to complete the Supplemental Course and Examination. The Challenge Package assists students who have received permission to challenge the examination. The Challenge Package includes the course materials such as the course manual, course workbook and answer guides , access to the Course Resources webpage and the central tutor support service.
Please note that as an alternative to purchasing the Challenge Package, you can purchase some course materials individually from the Bookstore ; however, the course workbook, answer guides, student handbook and access to the Course Resources webpage are only available with the Challenge Package. If the BC Financial Services Authority has provided you with permission to challenge the course by writing the examination only and you wish to register for the next regularly scheduled examination or a CEC examination without purchasing a Challenge Package, you should:.
Do not download the challenge exam registration form if you are currently registered in the Broker's Licensing Course. Cash and personal cheques are not accepted. Your tuition fee includes all of the appropriate course materials e. Calculators are sold separately. No refund of course fees will be available unless a withdrawal request is received by our office within one month of your registration date.
In addition to the materials and resources provided with your course tuition, you'll need a calculator, a computer, internet access and an email address. You may use any calculator for the course and exam, providing it is silent, cordless, handheld and not alphanumeric and programmable.
Visit our contact us page. The online Insurance Licensee Directory includes publicly accessible licence information for all current licensed insurance agents, agencies, adjusters, and firms in British Columbia. Council is currently reviewing applications, licence amendments and authority to represent ATR update requests, received December 29,
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