CAIB

CAIB Registration Form

The Canadian Accredited Insurance Broker (CAIB) program is a national designation designed by the Insurance Brokers Association of Canada (IBAC).

CAIB courses will acquaint producers more fully with the major coverage's that generate 90% of premium volume. They also deal with marketing management and office operations and prepare the student for proprietor-licensing examinations.

Please click here to view a list of Frequently Asked Questions regarding CAIB.

Students completing all four parts of the CAIB program are required to be an employee (or principal) of a member in good standing of IBABC to qualify for the CAIB designation. Terms of Reference for CAIB Designation. Students who do not qualify will receive a certificate of completion.

• Click here for a CAIB program syllabus
• Click here to learn more about the CAIB Immersion option.
• What are the CAIB program options?
• Find out about the cost of taking a CAIB course.
• Learn about how and when to write the CAIB exam.
• Click here to download the Exam Preparation Guide: CAIB 1 [240 KB], CAIB 2 [242 KB], CAIB 3 [244 KB], CAIB 4 [288 KB]

You do not have to be licensed to take a CAIB course. The courses may be taken in any order, although beginning with CAIB 1 is recommended.

Two routes to licensing: Which to choose?

CAIB Program Options

Self Study

Textbook, study guide, resource guide, practice exam with markers guide, and licensing exam. Receive an answer package for the chapter assignments in the textbook to keep track of your progress and correct your work. Students are NOT enrolled automatically for the next available exam. Examination registration must be submitted in writing and received by the Insurance Brokers Association by the registration deadline.

Immersion Course

Textbook, study guide, resource guide, practice exam with markers guide, instruction, and licensing exam included. Fast-track learning in a one-week format (Monday - Friday). The exam is written on the following Wednesday. Classes run from 8:00 AM - 5:30 PM. Located in Downtown Vancouver. Offered five times each year. Students are automatically enrolled for the exam immediately following their class.

*Please note that there is no Immersion Course for CAIB 1.

Exam Only

For those who wish to challenge the exam only.

Exam Deferral

If you need to change your exam date, for any reason, a deferral fee is required. You cannot defer after your exam date has passed.

Note: Immersion class registrations are accepted on a first-come first-served basis. Course availability and seating capacity are limited so early registration is recommended.

*Member Price applies only to students who are employed by a brokerage who pays annual membership dues to IBABC.

CANCELLATION / REFUND POLICY

Once textbooks are shipped from the IBABC office they become the non returnable property of the purchaser. Cancellation/refund requests received before shipment will receive a full refund less a $50 administration fee. Cancellation/refund requests received after shipment of texts will receive the amount paid less the cost of the textbook and a $50 administration fee. All cancellations, transfers and/or refund requests must be submitted in writing to the IBABC.

Shipment of course materials will be held for two weeks if payment is made by personal cheque pending the processing of your payment. Post-dated cheques are not accepted.

Writing the Exam

Time allowed: 3 ½ hours
Passing grade: 60%

The exam is comprised of short answer, definitions and multiple choice questions.

Results are available online (for students who have retained their student numbers from their exams) approximately 2 weeks after the examination has been written and mark cards will be mailed directly to the student after all examinations have been marked. Marks are not available by phoning the Association office.

Examinations may be re-written for a fee applicable each time. You may write an exam three times in a row but will then have to wait six months before a further attempt will be recognized by the Insurance Council of BC if the exam is being written for licensing purposes.

Students who fail to show for an examination forfeit the examination fee and are required to pay the prescribed rewrite fee on registering for a subsequent examination.

Any breach of examination instructions will result in immediate disqualification and the student will not be allowed to rewrite the examination for a period of one year. The subsequent examination fee will be the full "exam only" fee and not the rewrite fee.

If you are enrolled in the Self Study or Exam Only options, you must notify the Association office in writing of your intention to write an examination by the registration deadline.

Examinations may be remarked by written request submitted within one month of receiving your result for a fee of $75. Please be aware that any exam score between 55 and 59 percent has already been remarked, free of charge, in order to ensure the accuracy of your result.

Exam Deferral

You may defer your exam date as many times as you wish so long as you do so before your current exams Registration & Withdrawal Deadline. If, for any reason, you defer an exam after the Registration & Withdrawal Deadline has passed, you will be required to pay a $50 deferral fee.

Exam Dates

Continuing Education Credits

Students who have taken a CAIB course since their last license renewal will receive Continuing Education credits based on the results of their exam.

Information and Registration

Due to a high percentage of owing fees for CAIB exams, effective June 15, 2006 we will no longer accept registration without PAYMENT. Registration and payment must be received before the registration deadline.

To register:

You can download the CAIB Registration Form [39K PDF] and fax with a credit card payment or send by mail with a money order, company or certified cheque.

You will need the Adobe Acrobat Reader to view registration forms in PDF file format. Click here for a free download.

Contact

Have questions or comments about CAIB? Contact Alison Nicholls at (604) 606-8005 or click here.