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How much does a Insurance agent make in Canada? The average insurance agent salary in Canada is $56,525 per year or $28.99 per hour. Entry-level positions start at $44,850 per year, while most experienced workers make up to $88,585 per year.

This is what you typically need for the job. Licensure by the insurance governing body in the province or territory of employment is required. On-the-job training and insurance industry courses and training programs are provided and are required for employment. Completion of secondary school is usually required.

There are two steps: Complete the LLQP course. You can find more information, including an overview and a list of approved course providers at About the LLQP course. Pass the LLQP exam. You can find more information, including a description, fees and registration link at About the LLQP exam.

How to become an insurance broker in Ontario Earn a high school diploma. ... Consider pursuing postsecondary education. ... Prepare for the Level 1 Insurance Brokers Association of Ontario (IBAO) examination. ... Pass the industry exam. ... Apply for jobs. ... Apply to become a general insurance agent. ... Apply for the Level 2 IBAO examination.

FSRA aims to review complete applications within 10 business days.

OTL Exam & Licensing Fees There are three (3) fees involved with getting your OTL license: OTL Course Fees: $249 (taxes included) OTL Exam Fee: $105 + HST. Financial Services Commission of Ontario (FISCO) licensing fee: $150.

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).

Really good. The insurance industry in Canada is a very big industry and there are several ways to get into it. Another good thing about the insurance industry in Canada is that it offers a lot of upward momentum career-wise and often the only schooling required is high school.

The general insurance agent licence is regulated by the Financial Services Regulatory Authority (FSRA). The OTL Agent's Exam is coordinated through the Insurance Institute of Ontario. In addition to passing the exam, applicants must also obtain sponsorship from a licensed insurer.

There are two steps: Complete the LLQP course. You can find more information, including an overview and a list of approved course providers at About the LLQP course. Pass the LLQP exam. You can find more information, including a description, fees and registration link at About the LLQP exam.