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Insurance Broker *

Program Details
Program Length: 38 Weeks *.

Program Overview

A licensed property and casualty insurance broker deals with home, automobile and business insurance. An insurance broker works for the client and not the insurance company. They offer you a choice among insurance products and will help you find the coverage that’s right for you, your home or your business.**

In order to practice as a property and casualty Insurance Broker within the province of Newfoundland and Labrador, once employed with a brokerage firm, graduates must apply for and be granted a Level 1 license.

The Insurance Broker program will prepare graduates to become eligible to apply for their Level 1 license to become a Property and Casualty (P&C) insurance broker in the province of Newfoundland and Labrador

Source**: Insurance Brokers Association of Newfoundland and Labrador (IBAN).

Program Courses

CAIB 1 Module 340 hours
Exam Preparation – Certification Exam 40
Student Success Strategies 20
Software Lab: Computer Fundamentals 40
Software Lab: Word Processing 40
Software Lab: Spreadsheets 40
Software Lab: Database Management 40
Business Law 80
Business Math 40
Writing for Comprehension 40
Career Planning and Preparation Level I 20
Career Planning and Preparation Level II 20
Total Hours: 760

CAREER OPPORTUNITIES

Insurance Brokers are employed by Insurance Brokerage firms or may work in partnerships or hold sole proprietorship.

Potential Employers throughout Newfoundland and Labrador

Source: IBAN https://www.iban.ca/brokersmap.html

Labour Market Outlook 2025

The industries that are expected to experience the largest employment increases over the forecast period include:

Finance, insurance, real estate and leasing; http://www.gov.nl.ca

Employment Considerations

1. Graduates may be required to get a Certificate of Conduct for licensing.

2. At the time of application through Service NL for licensing, if you have been convicted of a criminal offence within the last five years or you have any outstanding charges, you may be denied a license.

GRADUATION REQUIREMENTS

A student must obtain at least a 65% in the CAIB 1 module including the Exam Preparation module.

An overall 70% grade, in all other modules must be obtained in order to graduate and receive a diploma.

A student must complete all requirements of the Student Success Strategies and Career Planning and Preparation modules.

CERTIFICATIONS

This program includes the potential for students to obtain their Canadian Accredited Insurance Broker (CAIB) Level 1 certification which is required for licensing in the province of Newfoundland and Labrador.

ENDORSEMENTS

The Insurance Brokers Association of Newfoundland and Labrador (IBAN) is pleased to partner with Eastern Academy to offer the CAIB 1 module in Eastern Academy’s Insurance Broker Program.

Successful completion of the CAIB 1 module will enable graduates to become licensed brokers (Level 1) when hired by a brokerage firm. Through IBAN, graduates of the CAIB 1 module can then complete CAIB modules 2-4 in order to obtain the CAIB designation.

The CAIB designation is a Canadian Accredited Insurance Broker program that is recognized nationally which enhances employment opportunities throughout Canada.

In accordance with brokerage firms hiring practices, IBAN recognizes the completion of Eastern Academy’s Insurance Broker program as an asset for employment opportunities within the industry.

“We need to attract and develop a new generation of brokers to replace those that are retiring”IBAN.

ADMISSION REQUIREMENTS

High School Graduates or Equivalent

High School graduates or equivalent are eligible for admission to the Insurance Broker program. Students must complete an application form and provide a copy of High School, Adult Basic Education, or G. E. D. results

NOC Code: 6231

Salary information may be found on: https://www.jobbank.gc.ca/home

Get in touch with us if you have questions about training programs, admissions and student referral programs.

Apply today for the Insurance Broker program in St John’s.

* Pending Government Approval

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