Skip to main content

General Insurance Agent

The Office of the Superintendent of Insurance issues licenses to individuals who have met the requirements of the Insurance Act and Rule INS-001 Insurance Intermediaries Licensing and Obligations, authorizing those individuals to carry on the business of a General Insurance Agent. 

Please note: all General Insurance licences are now “agent” licences; However, an insurance “agent” licensee may still hold themselves out as a “broker” if the “agent” is party to two or more subsisting agency contracts with different insurers. Anyone who works as a “broker” with multiple insurers must hold a General Insurance Agent Licence.

“General insurance” refers to all classes of insurance excluding accident and sickness insurance, life insurance and travel insurance. 

All applicants must meet the requirements listed on the Applying for Your Insurance Licence page.

Licence types

There are 3 levels of the General Insurance Agent Licence:

Level 1: an individual who is authorized to act as a General Insurance Agent for all personal lines of insurance.

Level 2: an individual who is authorized to act as a General Insurance Agent for all personal and commercial lines of insurance.

Level 3: an individual who is authorized to act as a General Insurance Agent for all personal and commercial lines of insurance and is authorized to manage an insurance agency.

Licensing qualification and education requirements

Please see Part 2 of Rule INS-001 Insurance Intermediaries Licensing and Obligation for the detailed list of course and supervision requirements for each licence type. 

Course providers and examinations

For information on the Fundamentals of Insurance course and the Canadian Accredited Insurance Broker Program and examinations, visit the New Brunswick Brokers Association. (www.nbinsurancebrokers.ca.)

For information on the Insurance Institute of Canada courses and examinations, please visit their website. (www.insuranceinstitute.ca)

Non-resident

A General insurance licence may be issued to an applicant who is not a resident of New Brunswick. To obtain a licence in New Brunswick, an individual who resides in another jurisdiction must be licensed in the jurisdiction in which they reside and provide proof of being licensed in the other jurisdiction.  

Fees