Fundamentals of Insurance Exam Preparation
Classroom training for entry-level insurance roles. Learn principles of insurance, personal lines, basic commercial, Autoplan context, documentation, ethics, and client service
Classroom training for entry-level insurance roles.
Learn principles of insurance, personal lines, basic commercial, Autoplan context, documentation, ethics, and client service
General Insurance Course
At Lead Community College in Surrey, our 2–3 week preparation course helps you study for the Fundamentals of Insurance (FOI) examination administered by IBABC. FOI is one accepted education route toward a BC General Insurance Salesperson Level 1 licence; passing an exam does not itself grant a licence.
This in-person course prepares you for entry into BC’s general insurance sector. You’ll build a solid foundation in how policies are structured, what risks are covered, how deductibles and limits work, and how to serve clients responsibly. Expect real-world scenarios, form walkthroughs, calculation practice, and timed quiz drills so you’re ready for the licensing exam route and your first role in an agency.
Course Duration
2-3 Weeks
Course Fee (CAD)
$349
Course & assessment information
- Focus areas: principles of insurance and risk; personal property and liability; automobile (Autoplan context); policy wordings, deductibles, limits, endorsements; underwriting basics; claims process; documentation and disclosure; ethics and privacy.
- Next steps: after you pass the qualifying exam (Conducted by IBABC), finalize agency sponsorship and submit your licence application to the Insurance Council of BC.
FAQs
Our course prepares you for FOI. The Insurance Council of BC also accepts other education pathways, including CAIB 1 and specified Insurance Institute courses. Check the Council’s current Level 1 education options and application requirements to choose the route that fits you.
Yes. Level 1 applicants must be sponsored by a licensed general insurance agency.
Level 1 licensees work under supervision and cannot sign insurance contracts. The Council Rules Course is required for new individual applicants, except qualifying reinstatements. Review the Council’s current conditions before planning off-site work. Licensing information checked September 22, 2026.
Before you register
- Ask about the next class, teaching hours and study materials for Fundamentals of Insurance preparation.
- Confirm whether the advertised tuition includes textbooks or examination charges, and check the separate licensing application steps.
Ask about Fundamentals of Insurance Preparation or call 604.594.7600.