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Insurance Licence Fees, Applications, and Renewals

Expiry dates

New Brunswick agent and broker licences expire on March 31st, June 30th, September 30th or December 15th, whichever is closest to the anniversary of the date the licence was issued without exceeding one year. Agents and brokers who have renewed their licence at least five times, who have not had disciplinary action against them and/or do not have conditions on their licence for any reason, may be eligible for a two-year licence. Insurer licences expire annually on May 31.

Licensing functions are available through the online portal for those who wish to apply for a new licence. Please email insurance.licensing@fcnb.ca if you have any questions on how to submit your insurance licence application.

Renewal process

All applications for renewal must be submitted through our online portal.

Insurance courses/exams

FCNB has reinstated the LLQP exam sessions that had been suspended due to the COVID-19 pandemic. Online and in-person options are now available to complete the LLQP exam(s).

Fees

Effective April 1, 2019. Payment can be made by cheque, money order or credit card. All cheques and money orders must be in Canadian funds and made payable to the “Financial and Consumer Services Commission”. Please do not post-date cheques.

Registered mail notifications

Several provisions under the Insurance Act require notification or delivery by registered mail. Although Canada Post has, and may continue to, modify its procedures for registered mail, this remains an option for meeting that statutory requirement. We would encourage you to monitor updates from Canada Post. Alternatively, please consult the Electronic Transactions Act for guidance on how to effect electronic delivery.

 

Insurers

No fee

 

 

Life Insurance Agents

 

Life Agent (Resident)

$35.00

Life and Accident and Sickness Agent (Resident)

$35.00

Life or Life, Accident & Sickness Agent (Non-Resident)

 

Alberta

$95.00

British Columbia

$250.00

Manitoba

$150.00

Newfoundland

$125.00

Nova Scotia

$132.70

Ontario

$75.00

Prince Edward Island

$100.00

Quebec

$94.00

Saskatchewan

$100.00

Yukon

$200.00

 

 

Other-Than-Life Agents and Brokers

 

Other-Than-Life Agent (Resident)

$50.00

Other-Than-Life Agent (Non Resident) $200.00

 

 

Other-Than-Life Broker (Resident)

$50.00

Other-Than-Life Broker (Non Resident)

$200.00

 

 

Accident and Sickness Agent (Resident)

 $25.00

Accident and Sickness Agent (Non-Resident)

 

Alberta

$60.00

British Columbia

$250.00

Manitoba

$90.00

Newfoundland

$125.00

Nova Scotia

$132.70

Ontario

$75.00

Prince Edward Island

$100.00

Quebec

$94.00

Saskatchewan

$100.00

Yukon

$100.00

 

 

Travel Agent Insurance Licence (Resident)

 $25.00

 

 

Adjusters

Level 1 – Probationary Adjuster

$10.00

Level 2 – Assistant Adjuster

$10.00

Level 3 – Automobile Physical Damage Adjuster

$15.00

Level 3 – Automobile Accident Benefits Adjuster

$15.00

Level 3 – Bodily Injury Adjuster

$15.00

Level 4 – General Adjuster

$35.00


Note: Non-resident fees are the same as resident fees.

 

 

 

Other Fees

 

Transfer of Licence to New Sponsorship

$20.00

Transfer of Licence to New Agency

Full Licence Fee

Certificate of Proof

$10.00

Copy of Lost Licence

$5.00

Late Filing Fee after Licence Expiry Date

10.00/month

Criminal record checks

All new applicants are required to attach a completed Criminal Record Check, conducted at a detachment of the RCMP or a municipal or provincial police force, or at an approved background check vendor, which has been issued in the last six months.