licensing in Alberta

Question 1

The four types of licenses are:

Answer 1

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

Question 2

True or False:

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

Answer 2

True

Question 3

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

Answer 3

15

Question 4

The passing grade for AIC exam is: __%

Answer 4

70%

Question 5

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

Answer 5

Level 2 and 3

Question 6

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

Answer 6

7.5

Question 7

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

Answer 7

Sponsor

Question 8

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

Answer 8

June 30th

Question 9

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

Answer 9

2

Question 10

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

Answer 10

manager, operator, 24