FOI – Fundamentals of Insurance

FOI is an approved pre-licensing course, and successful completion satisfies the education requirement for a Level 1 licence. This level of license authorizes the licence holder to sell, inside but not outside the office of a general insurance brokerage and under the supervision of the holder of a Level 2 licence, every category of insurance including accident and sickness insurance (excluding life insurance).


This course is available by homestudy and five-day course. Cost is $325.00 (GST included) (Homestudy), $640.00 (Five-day Course) and includes the FOI course manual and the first exam, which must be written within six months of the registration date. You may challenge a Level 1 licencing exam a maximum of three times in a six-month period.

No future date determined – please refer to FOI with IWS for scheduled class dates.


No future date determined – please refer to FOI with IWS for scheduled class dates.

Exam Dates

May 10, 2021
June 14, 2021
July 12, 2021



Course Fee (Homestudy)


Course Fee (Homestudy) with Study Guide


Course Fee (Five-Day Course)


  1. An exam must be taken within six (6) months of the registration date or a $125.00 fee applies to write the exam.
    Please mark your calendar accordingly, as you will NOT receive a reminder.
  2. The pass mark is 70%. Any rewrites (maximum three writes within six months) are $125.00 payable in advance. Your fees are non-refundable if you are unable to attend an exam.
  3. Exams must be applied for in advance and are available by prior arrangement only. Exams are held promptly at 9:00am to 12:00pm (latecomers will not be admitted) on generally the second Monday of each month in Winnipeg. (Outside of Winnipeg by arrangement.) Photo ID may be requested at the exam write.
  4. The exam may be attempted a maximum of three times in one 6-month period to qualify for a Level 1 General Insurance License.
  5. EXAM RESULTS will be sent ICS or Canada Post within one (1) week of the exam date and will be available on the IBAM website under ‘Exam Results’.


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