licensing in Alberta Flashcards

1
Q

The four types of licenses are:

A
  1. general
  2. life
  3. Accident and sickness
  4. restricted classes
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2
Q

True or False:

In order to apply for a certificate, new applicants must obtain a police check.

A

True

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3
Q

Continuing education is a mandatory requirement. A minimum of __ hours of approved courses per year per certificate is a must

A

15

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4
Q

The passing grade for AIC exam is: __%

A

70%

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5
Q

As a Level 1 Broker, this person’s duties would include to work in a support role for a _____ __ and _____ _ brokers in the office

A

Level 2 and 3

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6
Q

If you have more than 15 hours of approved courses at the end of the term, you may carry over _____ hours only

A

7.5

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7
Q

New applicants must obtain a _______ form a licensed business or, if they are an employee of an insurer, from the insurer

A

Sponsor

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8
Q

Certificates are renewed on _____ __ each year and it is the responsibility of each agent to ensure that its renewal

A

June 30th

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9
Q

Level __ broker: this person would work as a producer of new business and manage existing business. This person would work without supervision

A

2

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10
Q

A level 3 Broker may act in the capacity of a _______ or ________ of a brokerage firm and must have worked in a brokerage or agency for __ months

A

manager, operator, 24

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