Examinations are routinely reviewed for irregularities and/or breaches of examination rules. Examination irregularities and/or breaches may result in disqualification of the examination and suspension of examination privileges. The regulator will be notified of all disqualifications and suspensions.

Important: Please read the exam rules and regulations.
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The level 1 licensing exam is a closed-book test and is two hours in duration. 70% is the minimum grade required to pass the exam. The exam consists of 100 multiple choice questions comprised of the following categories and sub-categories:

Industry Knowledge 30% of exam

• Introduction to Risk and Insurance
• Insurance Categories and Functions
• Insurance Companies
• Sales and Distribution of Insurance: The Role of Intermediaries
• Insurance as a Contract: The Insurance Policy
• Underwriting and Rating: Setting Insurance Rates
• Ethics and Professionalism
• Regulatory Framework

Automobile Insurance 30% of exam

Auto insurance legislation, consumer protection, and proof of insurance
• Third-party and absolute liability
• Direct compensation – Basic Vehicle Damage Coverage
• Transportation sharing Insurance
• Enhanced Care accident benefit coverage
• Optional coverages and exclusions
• Applications and rating for ICBC and private insurers
• Prescribed Conditions, general provisions, and definitions

Property Insurance 30% of exam

• Fire Statutory Conditions
• Comprehensive and Named-Perils policy coverages
• Additional conditions
• Optional home and property endorsements
• Tenants, condo, mobile home, and seasonal dwelling coverages
• Liability Exposures and Insurance

Commercial Property and Liability Insurance 5% of exam

• Commercial property
• Commercial Property Exposures and Insurance
• Property insurance for farms
• Commercial liability

Claims 5% of exam

• Claims terminology
• Claims process