Insurance - Life Insurance Agent Licence (Residents and Non-residents)
Any person, whether a resident of the Province or not, who carries on the business of an insurance agent for life insurance or life and 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.
On July 15, 2003, the Life Licensing Qualification Program (LLQP) became mandatory for entry-level resident life agents or life and accident and sickness agents to obtain a licence in the Province. The LLQP includes a pre-licensing course provided by approved course providers. Residents wishing to become life agents must follow a course of study, pass a certification exam given by the provider, and pass a provincial exam (see the Life Insurance Agent Licensing Regulation - Insurance Act regulation 2003-36 for more information)
Non-resident life insurance agents or life and accident and sickness insurance agents who are licensed in another province or territory of Canada or a state of the United States of America may apply for a licence to act as a life insurance agent or a life and 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.
Life Agent Licence
Life and Accident and Sickness Insurance Agent Licence
Non-resident Life Insurance Agent Licence
Non-resident Life and Accident & Sickness Insurance Agent Licence
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, September 30th, December 15th, or March 31st depending on the licence effective date. Fees are as follows:|
|Resident Life Agent Licence||35.00||1988-01-01|
|Resident Life and Accident and Sickness Agent Licence||35.00||1988-01-01|
|Non-resident Life Agent Licence - same as applicant's home jurisdiction but not less than $50.00||50.00||2009-02-26|
|Non-resident Life and 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|