Insurance - Accident and Sickness Agent Licence
Any person, whether a resident of the Province or not, who carries on the business of an insurance agent for accident and sickness insurance in New Brunswick must have a valid licence. This applies to all types of selling, whether in person, in writing, or by telephone.
For resident accident and sickness applicants, the Life Licensing Qualification Program (LLQP) is mandatory for entry-level agents to obtain a license. The LLQP includes a pre-licensing course provided by approved course providers. Residents wishing to become accident and sickness insurance agents must follow a course of study, pass a certification exam given by the provider, and pass a provincial exam.
Non-resident accident and sickness insurance agents who are licensed in another province or territory of Canada may apply for a licence to act as an accident and sickness insurance agent in the Province. A Certificate of Authority from their home jurisdiction confirming that the applicant is licensed and in good standing must accompany their application.
Criminal record checks are by done by the New Brunswick insurance regulator on new applicants or applicants who previously held a license but two years have lapsed since their last held license.
Accident and Sickness Agent
Unless otherwise specified, Fees exclude the harmonized sales tax (HST).
|Fee Description||Rate in $||Effective Date|
|Fees shall be submitted with an application or a renewal. Licenses expire annually on June 30th, December 15th, or March 31st depending on the licence effective date. Fees are as follows:|
|Accident and Sickness Agent Licence||25.00||1988-01-01|
|Non-resident Accident and Sickness Agent Licence - Same as applicant's home jurisdiction but not less than $50.00.||50.00||2009-02-26|
|Transfer of licence to new sponsorship||20.00||2006-01-01|
|Certificate of proof of a licence||10.00||1984-01-01|
|Copy of a lost licence||5.00||1984-01-01|