Two Paths to Licensing

The following point-by-point comparison of Fundamentals of Insurance and CAIB 1 can help you decide which path is best for you to start your insurance broker career.

Those who are new to the insurance industry often choose Fundamentals of Insurance to get started. If you already have some experience in the insurance industry, the better path may be to register in the CAIB 1 course since it  counts toward a CAIB designation, which Fundamentals does not.

	Fundamentals of Insurance	CAIB 1
Licensing Qualification	Level 1 General Insurance Salesperson's License
Topics Covered	General insurance contracts; the fire policy; residential and commercial property insurance; personal liability; accident and sickness insurance; ICBC Autoplan insurance.	General insurance contracts; home insurance; personal liability; farm insurance; basics of personal auto insurance; insurance professionalism; travel insurance.
Facilitated Study Options	1-Week Immersion Course - Online Member: $759* Non-Member: $859*	1-Week Immersion Course - Online Member: $895* Non-Member: $995*
	9-Week Course - Online Member: $759* Non-Member: $859*	9-Week Course - Online Member: $895* Non-Member: $995* Only available for CAIB 2, 3 and 4
Self-Study Options	N/A at this time	CAIB Exam Preparation Resources 12-week online access Member: $49** Non-Member: $99**
	Textbook only* $165	Textbook only* Member: $315 Non-Member: $415
Textbook	$165	Member: $315 Non-Member: $415
Exam Fee	$195	$395
Exam Format	Multiple choice	Multiple choice, definitions & short answers
Exam Availability	Written online	Written online
Applies towards CAIB designation?	No	Yes
Continuing Education Credits	None	Eight (8) CE credits per completed CAIB course if already licensed. Zero (0) CE credits if completed prior to licensing.

*Textbook included, exam must be registered and paid for separately.

** Textbook must be purchased separately.

For more information about licensing levels, please see the Insurance Council of B.C.'s website.