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. Licenses are issued in the following classes of insurance:
- Life (including Accident and Sickness)
- Accident and Sickness only
- General (other-than-life)
- Travel, Accident and Baggage
Insurance agent licenses are issued for a period of three years. All agents (except Travel, Accident, and Baggage) must meet specific requirements (completion of exams and/or courses; and/or experience) before being licensed.
Below you will find information on Agent licensing:
Step 1 - License Requirements
Before submitting an application for insurance agent license, be sure you meet the following requirements:
|Life Insurance Agents|
Must successfully complete:
|Accident and Sickness Only Agents|
Must successfully complete:
|General Insurance Agents|
General Insurance Agents are subject to a three level licensing regime as per amendments to the Insurance Agents License Regulations instated January 1, 2007.
To become a General Insurance Agent you must pass the following, or have equivalent experience acceptable to the Superintendent of Insurance:
Level 1 – Successfully complete one of the following:
- Fundamentals of Insurance (Provincial Exam).
- Parts I and II of the General Insurance Essentials
- Part I of the CAIB Program (See IBANS or ITAC)
- CIP Program Courses C11 and C130.
Level II – Successfully complete one of the following:
Level III – Successfully complete one of the following:* See information on Grand-fathering Provisions for Existing General Insurance Agents (below)
|Travel, Accident and Baggage||Travel Insurance Agents must follow application procedures. There is no pre-licensing requirement.|
Provincial Exams - Life, Accident & Sickness, General Level 1
Life, Accident and Sickness and General provincial insurance exams are conducted in Halifax, and Access Nova Scotia offices (outside of HRM).
Location: Halifax: Dalhousie Student Union Building, Halifax
(Map of Meter Parking in HRM (pdf))
Exams: Life, Accident & Sickness, and General
When: first and third Fridays of each month
Exams written in Halifax are marked the day they are written. By 4:30 pm on exam day, exam results are published on the Exam Results page.
Locations: Access Nova Scotia Offices (outside of HRM)
Exam: General (Only)
When: Sydney and Truro: first Friday of each month; Other locations: date and time as arranged
Exam pass marks are: General Insurance - 75%: Life, Accident and Sickness - 60%. Official exam results will be mailed to all exam writers.
Exam Registration (all locations)
To register, download and complete the Insurance Exam Registration Form available from the Insurance Forms page. This form includes all information on locations, times and fee payment.
To write the provincial General insurance exam (only) in any of the Access Nova Scotia offices outside the Halifax/Dartmouth area, please complete exam registration form, and send it (with fee) to address shown on form. Staff from Access Nova Scotia will contact you to arrange an exam date and time.
Step 2: Application Form and Process
Download the Individual Insurance Licence Application from the Insurance Forms page,
drop into any of the Access NS offices outside the Halifax/Dartmouth area.
- Complete the application form and have it endorsed by an insurance company that is licensed to operate in Nova Scotia. See Insurance Agent Licensing FAQ page for tips on completing the form.
- Return the completed application form to the Department of Finance, Financial Institutions Division (address below) with the licensing fee.
Nova Scotia Department of Finance
Financial Institutions Division
Office of the Superintendent of Insurance
PO Box 1529
Halifax, NS B3J 2Y4
- If you are a non-resident agent, you must provide the Certificate of Authority issued from the jurisdiction where you reside.
The Nova Scotia Permits Directory also provides information on insurance agent licensing.
Once you are a licensed agent, you will receive a renewal form in the mail, 45 days prior to your license expiry date. (Licenses are valid for three years.) Please review, sign and return with payment.
Please use this form, and only this form to renew, when there are no changes to information you originally submitted.
However, if at renewal time, there has been a change in your sponsor, you must re-submit the Insurance Agent Application form available on our Insurance Forms page. Read our FAQ page for more information.
Over the term of your license, there may be changes to the information you submitted. To update your contact information, advise us by email or regular mail. In some cases, such as a change in sponsor, you will need to send us (another) Insurance Agent Application. Read our FAQ page for for more information.
Please contact us directly if you have questions about making changes to your license.
General Insurance Agent - Additional Information
Grand-fathering Provisions for Existing General Insurance Agents
Any individual licensed as a general insurance agent prior to December 31, 2006 will be deemed licensed as:
- Level I general insurance agent if licensed for less than two years;
- Level II general insurance agent if licensed for more than two years and less than four years;
- Level III general insurance agent if licensed for more than four 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.
See Insurance Agents Licensing Regulations.