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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 $155. $295 for IBABC members*
$395 for non-members.
Exam Fee $195. $395 for first attempt
$195 for re-writes.
Study Options
  1. Self Study
    Purchase the textbook for $155
    Click here to purchase the textbook

  2. Immersion Course
    5 days of classroom lectures, followed by exam
    $519 IBABC members*
    $619 non-members
    Includes textbook
    Exam must be registered and paid for separately
    Click here to register

  3. Online Evening Classes
    One evening per week for 9 weeks
    $749 members*
    $849 non-members
    Includes textbook
    Exam must be registered and paid for separately
    Click here to register.
  1. Self Study
    Purchase the textbook for $295 members* / $395 non-members
    Click here to purchase a textbook

  2. Self Study + Online CAIB Course
    $295 + $49 for members*
    $395 + $99 non-members

  3. Immersion Course
    Only available for CAIB 2, 3 and 4
    5 days of classroom lectures, followed by exam
    $599 IBABC members*
    $799 non-members
    Includes textbook
    Exam must be registered and paid for separately
    Click here to register

  4. Online Evening Classes
    Only available for CAIB 2, 3 and 4
    5 days of classroom lectures, followed by exam
    $879 IBABC members*
    $979 non-members
    Includes textbook
    Exam must be registered and paid for separately
    Click here to register
    .
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

Written online 

Click here for information and to register.

Written online

Click here for information and to register

Applies towards CAIB designation? No. Yes.
Continuing Education Credits None. None if completed prior to licensing.
8 CE credits per completed CAIB course 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 an insurance brokerage that's an IBABC member in good standing.