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Department of Finance - Financial institutions

Insurance Agent Licence

 
Who Needs This Licence?
Anyone involved in the placement of insurance contracts (commonly known as "selling insurance") in Nova Scotia.

This includes LLQP Life Insurance (including Accident & Sickness), Restricted LLQP Life (Accident & Sickness only), and General insurance, including Automobile, Travel, Accident and Baggage Insurance, etc.

Issuing Department / Agency:
Nova Scotia Department of Finance
Where can you get this licence and / or further information?

Financial Institutions Division
Nova Scotia Department of Finance

Tel: (902) 424-5613 or 424-5528
Fax: (902) 424-1298

e-mail:  fininst@gov.ns.ca

Office Location:
Provincial Building
1723 Hollis Street, 4th Floor
Halifax, NS  B3J 1V9

Mailing Address:
PO Box 2271
Halifax, NS B3J 3C8

Application Forms & Process:
With this Licence, there are two different ways to submit your application form: 

A) You can send in a hard copy. You can get a form by: 
       (1) downloading a form from our website; 
       (2) visiting any Access Nova Scotia Centre; or 
       (3) calling, writing or visiting the Licensing Section office listed above. 

B) You can fill it out on-line.  (If you apply online, we will process your payment, and return a copy of your documents for your signature and the signature of your Sponsor.)
To do this, you must be able to pay as follows: 
       (1) by Visa, MasterCard or American Express Credit Card; or 
       (2) with an already established positive balance account with the Nova Scotia Business Registry. 
       We cannot accept any form of Debit cards at this time. 

If you wish to apply on-line, Click here. Before you begin, make sure you have at hand the information listed below! 

Information you will need to fill out your application form:

  • Provide the date your examination was written and your exam mark.
    Effective January 1, 2003, applicants for an LLQP Life, Accident & Sickness License & an LLQP Accident & Sickness Only License must provide proof of successful completion of the Life Licensing Qualification Program (LLQP) prior to writing the provincial licensing exam. To view list of course providers, click here.
  • Details are required if you have
 

  • had a licence or registration refused suspended, rovoked or subject to a disciplinary hearing
  • been convicted of, or are currently charged, with an offence
  • been involved in a personal or corporate bankruptcy within the past six years
  • have any unpaid judgements against you
  • had any employment or business relationship terminated for breach of trust or confidentiality, fraud, misappropriation of funds, theft, forgery, sexual harassment or physical assault
  • Name and address of the Agency where you will be employed, if applicable.
  • If you are a director, officer or employee of a bank, loan corporation, finance or trust company specify the name(s) and address(es).
  • For general agents only, and if monies are payable to you, provide name and address of financial institution in which you deposit all monies.
  • Three years of employment history.
The completed application is submitted to the Department, along with the applicable fee (see Price below).

Applicants must successfully complete the prelicensing examination administered by the Office of the Superintendent of Insurance.

Within 3 months of passing that examination, applicants must submit a completed individual application form to the Department, along with the applicable fees (see Price below). That form must also be signed by a sponsor who is an Insurer that is licensed to operate in Nova Scotia.

The Department will do a background check on the applicant.

If the applicant is a non-resident, a Certificate of Authority from the jurisdiction in which the applicant resides must be provided.

If all requirements are met and the application is approved, the licence will be mailed to the applicant.

Waiting Period:
10 business days
Provided that all the items that must accompany the application have been received
Expiry & Renewal:
This licence is valid for 3 years. It can can be renewed; the Department will send out a renewal notice approximately 45 days before the licence expires.
Price:  (No tax is charged)
Initial application and renewal:  $358.14
Change of sponsor:  $59.69
Exams:  $59.69
Supplemental Exam Fee:  $29.85
Certificate of Status:  $11.94

If you send in an application form (or drop it off in person), payment is by cash, cheque or money order made out to the Minister of Finance.   No debit cards are accepted at this time. 

If you apply on-line, payment is (a) by Visa, MasterCard or American Express credit card, or (b) with an already established positive balance account with the Nova Scotia Business Registry. No debit cards are accepted at this time.

Related Requirements:
None.
Additional Information:
Insurance agents, agencies and adjusters are all regulated.
Legislative Authority: 
Insurance Act, Revised Statutes of Nova Scotia, 1989, Chapter 231




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