FAQs

The Canadian Insurance participant registry is a secure online national registry used by provincial insurance regulators in order to track licence candidates from their initial stage of LLQP training course to the final stage of provincial insurance exam. Candidates that are permitted to book provincial insurance exam sittings are the ones that are certified by an approved education provider.

Your proficiency requirement must be completed first by passing the Canadian Investment Funds Course Exam. The CIFC exam is online but is taken under supervision. To successfully pass the exam you have one-year from the date of enrollment. You can register into an available exam session whenever you are ready. After passing the exam successfully, you must be sponsored by a mutual fund dealer for the further application process.

You have one year from the date you pass the final module of your certification exam to pass the final module of your Provincial Licensing exam.

Life License Qualification Program, also called Harmonized Life License Qualification Program. After successfully passing the LLQP exam in any online body, you can write provincial insurance licensing exam and can apply for license of the same. You must be contracted by an insurance company or managing general agency before selling any insurance product.

There are 30 multiple choice questions in each module except Ethics module which consist of only 20 questions. Time given to complete the exam is 75 minutes. If you have not completed the exam by the end of the 75 minutes, your responses to the questions you have answered will be automatically submitted for grading. Provincial regulators include an additional 5 questions per exam (i.e., 35 questions for most modules and 25 questions for Ethics). To complete the provincial exams within the 75 minutes granted by regulators, you should aim to complete each question in approximately 2 minutes.

Passing mark for all modules certification exams and all provincial life insurance exams is 60%.