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Fundamentals of Insurance

CAIB 1

Licensing Qualification Level 1 General Insurance Salesperson's License Level 1 General Insurance Salesperson's License
Textbook $135 $295 for IBABC members*;
$395 for non-members
Exam Fee $195 $395
Study options
  1. Self Study
    Purchase text book and exam for $330.
    Click here to purchase the textbook.

  2. Immersion Course
    4 days of classroom lectures, followed by exam. $695 IBABC members*
    $795 Non-members.
    Includes textbook and exam fees. 
    Click here to register.
  1. Self Study
    $690 for IBABC members* 
    $790 Non-members.
    Register here.

  2. Self Study + Online CAIB Course
    $690 + $49 for IBABC members*
    $790 + $99 non-members.
Topics covered General insurance contracts; the fire policy; residential and commercial property insurance; personal liability; accident and sickness insurance; ICBC Autoplan insurance. General insurance contracts; home insurance; personal liability; farm insurance; basics of personal auto insurance; insurance professionalism; travel insurance.
Exam Format Multiple choice. Definitions & short answers.
Exam Availability

Online in Greater Vancouver: twice a day on Wednesdays and Fridays, 10:00am or 1:00pm

Online Outside Greater Vancouver: Monday through Friday.

Paper: Four (4) exam dates each year.

Online in Greater Vancouver: twice a day on Mondays, Tuesdays, and Thursdays, 8:45pm or 12:30pm 

Online Outside Greater Vancouver: Monday through Friday. 

Paper: Four (4) exam dates each year.

Applies towards CAIB designation? No. Yes.
Continuing Education Credits None. None if completed prior to licensing.
8 CE credits if you're already licensed.

Fundamentals of Insurance is the best choice if you're just starting out in the insurance industry.

For more information about licensing levels, please see the Insurance Council of B.C.'s website.

*You may only pay an IBABC Member price if you're employed by a brokerage that pays annual membership fees to IBABC.