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17 Mar 2016 ... Helpful Licensing Information for Ontario Insurance Agents PDF Document Size:143 kb; How to Become a General Insurance Agent How to Become a Life orAccident or Sickness Insurance Agent.

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Requirements: Be sponsored by a licensed insurer. Complete the OTL Agent's Exam (or you have a CIP designation in good standing or passed the equivalent RIBO exam). Have an Ontario mailing address that can receive registered mail (e.g., no postal boxes).

It is not easy to make a living in insurance, but it is not as hard as you might think. As with any type of sales, becoming an insurance agent can be one of the best paying hard jobs or a terrible paying easy job. Dedicated agents will become successful at insurance sales, just like at any other job.

Before you apply for a general licence, you must successfully complete the OTL Agent's Exam from the Insurance Institute. The Insurance Institute offers a range of options to help you prepare for the exam, including virtual classes and study kits that cover all aspects of the general insurance business in Ontario.

As of Mar 15, 2023, the average annual pay for a Life Insurance Agent in Ontario is $85,733 a year. Just in case you need a simple salary calculator, that works out to be approximately $41.22 an hour. This is the equivalent of $1,648/week or $7,144/month.

It can take just a few months or as long as a couple of years. It really depends on how much time you have to devote to it and whether you pass the exam on the first try. There are two levels of insurance broker licensed with the Registered Insurance Brokers of Ontario: Level 1: You have passed the entry level exam.

Financial Services Regulatory Authority of Ontario.

It takes about 100 hours to complete a qualifying LLQP course but it can vary. Once you complete the course, you'll be given a certificate to present to the official exam administrator.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232