Licensing Level 1 Immersion Course Description

30.0 CE credits for General and Adjuster licences

Prepare for the Alberta Insurance Council (AIC) Level 1 General exam, or obtain study material for the AIC Adjuster exam with this introductory Licensing course.

These intense week-long sessions are for those who like to work with peers and have the benefit of an instructor.

The course textbook (Fundamentals of Insurance, shipped with all registrations) includes Alberta-specific materials and up-to-date licensing requirements. Registration also includes practice quizzes and exams.

A passing grade or a minimum of 75% attendance entitles you to course credits. If you don't qualify through attendance, download your passing grade from the AIC website and email it to Rob Barnes (rbarnes@ibaa.ca).

Course Content

Starting with the history of insurance, this program will guide you through definitions, functions, and major classes of insurance—all in a way designed to break down learning barriers for technical topics.

General Principles

• Terms and definitions in the insurance industry
• Idiosyncrasies of insurance contracts and the law
• Principles and practices of insurance
• Underwriting considerations for types of insurance and in general
• Industry knowledge
• Professional and broker business practices, insurance regulations, and code of conduct

Personal and Commercial Property

• Common property exposures, package policies, clauses, coverage, exclusions, and forms
• Bonds

Farm, Marine, and Aviation Insurance

• Property and liability exposures, coverage, and exclusions

Personal and Commercial Liability

• Canadian legal system, tort law, definitions of liability, liability exposures, liability policies, coverage, and exclusions

Auto

• Types of insurance and application requirements
• SPF #1 (Standard Automobile Policy Form, owner's form) and other SPFs
• SEFs (Standard Endorsement Forms) and statutory conditions

Accident and Sickness

• Provincial plans, group plans, and private accident-and-sickness policies

Travel

• Single-trip and annual policies, ratings, and coverage

Facilitator

Kelly Ann Parrott, CIP, CCIB, CPIB

Immersion Course Pledge

We stand behind these courses and offer free retakes within a year from the original course's start date. To register for this option, contact Course Coordinator Rob Barnes (rbarnes@ibaa.ca / 1-800-318-0197 ext. 126 / 780-423-4593) and bring your own textbook.

Exams

IBAA provides insurance courses and study material. For the exam, first register with the Canadian Insurance Participant Registry (www.cipr.ca) to obtain the CIPR number you need for the Alberta Insurance Council (AIC), and then register for the exam with AIC: 1-800-461-3367, www.abcouncil.ab.ca.