Application Fees
Fees
The fees for an insurance application are non-refundable. Our standard licensing processes will be followed, and a licence will only be issued to suitable applicants who have submitted a fully completed application.
Payments may be made by credit card during the application process via the Commission's Portal. Otherwise, there is an option to select and make your payment at a later date by sending a cheque or money order made payable to the “Financial and Consumer Services Commission” or by contacting our office at 1-866-933-2222 to arrange payment by credit card.
Please note that applications will not be processed until payment has been received.
| Licence Type | Fee (one-year) | Fee (two-year) |
|---|---|---|
|
Insurers |
n/a |
n/a |
|
Life Insurance Agent (includes Accident and Sickness) |
$125.00 |
$250.00 |
|
Accident and Sickness Insurance Agent |
$125.00 |
$250.00 |
|
General Insurance Agent (Level 1, 2, or 3) |
$125.00 |
$250.00 |
|
Travel Insurance Agent |
$75.00 |
$150.00 |
|
Level 1 Assistant Adjuster |
$125.00 |
$250.00 |
|
Level 2 Adjuster |
$125.00 |
$250.00 |
|
Level 3 Senior Adjuster |
$125.00 |
$250.00 |
|
Special Insurance Broker |
$200.00 |
$400.00 |
|
Adjusting Firm |
$150.00 |
n/a |
|
Agency |
$150.00 |
n/a |
|
Managing General Agent (MGA) |
$150.00 |
n/a |
| Restricted Insurance Representative (is based on the number of employees or persons acting on behalf of the Restricted Insurance Representative in the business of insurance at the time of the application or renewal) |
(a) $150 for 1 to 4 employees or other persons; (b) $225 for 5 to 10 employees or other persons; (c) $375 for 11 to 15 employees or other persons; (d) $500 for 16 to 20 employees or other persons; (e) $700 for 21 to 99 employees or other persons; (f) $1,500 for 100 to 249 employees or other persons; (g) $3,000 for 250 to 499 employees or other persons; (h) $5,500 for 500 or more employees or other persons. |
n/a |
*NOTE: Two-year licences cannot be requested, the option will become available automatically if the licensee meets the requirements.
| Other Fees | Fee |
|---|---|
|
A letter of licensing history |
$25.00 |
|
Copy of Lost Licence |
$25.00 |
Expiry dates
New Brunswick insurance licences expire on March 31, June 30, September 30 or December 15 of each year, depending on whichever is closest to the anniversary of the date the licence was issued without exceeding one year.
Upon renewal, agents who have not had disciplinary action against them and do not have conditions on their licence for any reason, are eligible for a two-year licence upon their second renewal. Adjusters who have held their licence for two consecutive years, may be eligible for a two-year licence.
Insurer licences expire annually on May 31.