Canadian Chartered Insurance Broker

What Does Canadian Chartered Insurance Broker Mean?

A Canadian Chartered Insurance Broker is an insurance agent in Canada who has earned the title of a professional insurance broker by passing a series of exams. To be eligible for these exams, an individual must have worked in the insurance industry for at least five years.

Insuranceopedia Explains Canadian Chartered Insurance Broker

Every country has specific standards for its insurance professionals. In some countries, no formal educational background is required, while others require individuals to pass licensing exams to be recognized as industry professionals.

In Canada, this is the case for those seeking the title of professional insurance broker. To qualify for the exam, an individual must have worked in the country’s insurance industry. The certification process involves passing three tests: an essay exam, a choice between an oral or written survey exam, and two written questionnaires, which must be passed before attempting the first two exams.