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Department of Finance and Treasury Board - Financial institutions

Insurance Agent Licence

 
Who Needs This Licence?
Anyone involved in the placement of insurance contracts (commonly known as "selling insurance") in Nova Scotia.

This includes LLQP Life Insurance (including Accident & Sickness), LLQP Accident & Sickness only, and General insurance, and Travel, Accident and Baggage Insurance.

Issuing Department / Agency:
Nova Scotia Department of Finance and Treasury Board
Where can you get this licence and / or further information?

Financial Institutions Division
Finance and Treasury Board

Tel: 902-424-7551 or 902-424-5528
Fax: 902-424-1298

e-mail:  FININST@novascotia.ca

Office Location:
Provincial Building
1723 Hollis Street, 4th Floor
Halifax, NS  B3J 1V9

Mailing Address:
PO Box 2271
Halifax, NS B3J 3C8

Application Forms & Process:
With this Licence, there are two different ways to submit your application form: 

A) You can send in a hard copy. You can get a form by: 
       (1) downloading a form from our website; 
       (3) calling, writing or visiting the Licensing Section office listed above. 

You can pay by Visa, MasterCard or American Express Credit Card. We cannot accept any form of Debit cards at this time.

Information you will need to fill out your application form:

  • Provide the date your examination was written and your exam mark.
    Applicants for an LLQP Life, Accident & Sickness License & an LLQP Accident & Sickness Only License must provide proof of successful completion of the Life Licensing Qualification Program (LLQP) prior to writing the provincial licensing exam. To view list of course providers, click here.
  • Details are required if you have
 

  • had a licence or registration refused suspended, revoked or subject to a disciplinary hearing
  • been convicted of, or are currently charged, with an offence
  • been involved in a personal or corporate bankruptcy within the past six years
  • have any unpaid judgements against you
  • had any employment or business relationship terminated for breach of trust or confidentiality, fraud, misappropriation of funds, theft, forgery, sexual harassment or physical assault
  • Name and address of the Agency where you will be employed, if applicable.
  • If you are a director, officer or employee of a bank, loan corporation, finance or trust company specify the name(s) and address(es).
  • For general agents only, and if monies are payable to you, provide name and address of financial institution in which you deposit all monies.
  • Three years of employment history.
The completed application is submitted to the Department, along with the applicable fee (see Price below).

Applicants must successfully complete the prelicensing examination administered by the Office of the Superintendent of Insurance.

Within 3 months of passing that examination, applicants must submit a completed individual application form to the Department, along with the applicable fees (see Price below). That form must also be signed by a sponsor who is an Insurer that is licensed to operate in Nova Scotia.

The Department will do a background check on the applicant.

If the applicant is a non-resident, a Certificate of Authority from the jurisdiction in which the applicant resides must be provided.

If all requirements are met and the application is approved, the licence will be mailed to the applicant.

Waiting Period:
10 business days
Provided that all the items that must accompany the application have been received
Expiry & Renewal:
This licence is valid for 3 years. It can be renewed; the Department will send out a renewal notice approximately 45 days before the licence expires.
Price: (No tax is charged)
Initial application and renewal:  $398.10
Change of sponsor:  $66.35
Exams:  $66.35
Supplemental Exam Fee:  $33.15
Certificate of Status:  $13.30

If you send in an application form (or drop it off in person), payment is by cash, cheque or money order made out to the Minister of Finance.   No debit cards are accepted at this time.

Related Requirements:
None.
Additional Information:
Insurance agents, agencies and adjusters are all regulated.
Legislative Authority: 
Insurance Act, Revised Statutes of Nova Scotia, 1989, Chapter 231




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