Insurance Agent Licence
Apply for an Insurance Agent Licence. You need the licence to sell insurance contracts. Both resident and non-resident insurance agents must be licensed in Nova Scotia.
An insurance agent is involved in the placement (selling) of insurance contracts. Both resident and non-resident insurance agents must be licensed in Nova Scotia.
Licences are issued in these classes of insurance:
- life (including accident and sickness)
- accident and sickness only
- general (other than life)
- travel, accident and baggage
All agents (except travel, accident and baggage) must meet specific requirements (completion of exams, courses or experience) before being licensed.
Requirements
| Class | Requirements |
|---|---|
| Life insurance agents | Must successfully complete:
|
| Accident and sickness only agents | Must successfully complete:
|
| General insurance agents | To become a General Insurance Agent you must pass the following or have equivalent experience acceptable to the Superintendent of Insurance:
|
| Travel, accident and baggage | Travel Insurance Agents must follow application procedures. There is no pre-licensing requirement. |
Provincial Exams: LLQP Life, Accident and Sickness Insurance Exams
LLQP Life, Accident and Sickness insurance exams are now conducted online through Durham College. You need to score 60% on the exam to pass.
To take the LLQP exam online, register for your modules through Durham College. If you have any issues registering for your modules, contact Durham College at LLQP.ADMIN@Durhamcollege.ca.
Licence updates
Over the term of your licence, there may be changes to the information you submitted.
To update your contact or office information, advise us by email or mail. In some cases, like as a change in sponsor, you will need to send us (another) Individual Insurance Licence Application Form.
General Insurance Exam - Level 1 (Fundamentals of Insurance)
General insurance exams are currently conducted online by the Insurance Brokers Association of Nova Scotia (IBANS).
Information for general agencies
Grand-fathering Provisions for Existing General Insurance Agents. Any individual licensed as a general insurance agent prior to 31 December 2006 will be deemed licensed as:
- Level I general insurance agent if licensed for less than 2 years
- Level II general insurance agent if licensed for more than 2 years and less than four years
- Level III general insurance agent if licensed for more than 4 years
Trust Accounts - general insurance
General insurance agencies and independent general insurance agents are required to maintain a trust account to hold insurance premium deposits. A Trust Account Reconciliation Worksheet (PDF) must be filed annually within 120 days of the fiscal year end.
How to apply
- Complete the Individual Insurance Licence Application Form (PDF).
- Check the application for details on all required supporting documents.
- Include payment with your application.
- Send your completed application, supporting documents and payment by mail.
Before you start
Make sure you have:
- endorsement by an insurance company that is licensed to operate in Nova Scotia
- Certificate of Authority issued from the jurisdiction where you reside, if you're a non-resident agent
Renewal
You need to renew your Insurance Agent Licence every 3 years. You should get a renewal package (including instructions) in the mail before the renewal date. It’s your responsibility to renew on time.