Alberta Insurance License – What You Need to Know

The Alberta Insurance License is a required document for individuals looking to work as an insurance agent or adjuster in the province. The steps needed to become licensed vary between jurisdictions. The following information is provided as a guide for those wishing to begin working in this field.

How much does an insurance agent make in Alberta?

The first step to becoming a licenced insurance agent or adjuster is to complete an approved General Level 1 Insurance Training course. Royal Alberta College (RAC) offers a course that has been reviewed and approved by the Alberta Insurance Council. This course includes learning objectives, case studies, narrative questions and practice questions as well as a final exam.

For those who wish to specialize in auto insurance, the RAC also offers an Auto Course for those looking to obtain a Restricted Auto licence. This licence allows for the sale of auto insurance excluding commercial auto insurance. Upon successful completion of the Auto Course and passing the GICS Bylaws (Auto or General) exam, students can be awarded this licence.

Once you are licensed, you must continue to meet the continuing education (CE) requirements set by GICS each year. The CE requirements are outlined in the Insurance Agents and Brokers Regulations. Those who wish to maintain their licence must demonstrate that they have completed the required 15 CE credits for each class of insurance for which they are seeking renewal by entering these courses into their AIC profile. The AIC also conducts random audits of licensees to ensure compliance with these requirements.

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