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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).


ABOUT Fundamentals of Insurance (FOI)

This course is available by home study or a five-day immersion course. Cost is $325.00 (GST included) (Home-study), $640.00 (Five-day Immersion Course), and includes the FOI course manual and the first exam. You may challenge an FOI exam a maximum of three times in a six-month period.



FOI Immersion is a virtual five-day course offered through IBAM. This is an interactive course with live teacher who will explain the concepts and give examples. The exam follows the course and is written the following Monday.



An individual can register for the self-directed Fundamentals Course at any time. Once registered, the individual will have up to 6 months to write the exam which they must register for 1 week before the exam date. If the individual does not register in this time, they must pay a rewrite fee.

Exam can be written at IBAM Office (Exam Sitting) or online via CAPTUS.

To register for FOI Immersion or Self-Directed, please see the below upcoming course schedule.

PLEASE NOTE: Payment is non-refundable once package containing materials has been opened.  Course confirmation will be sent with text once registration is processed.  Applications are processed on a first-come, first-served basis as payment is received and all courses are subject to minimum attendance requirements and subject to change.



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