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Canadian Insurance Course (CIC) (Prerequisite for LLQP)

 

Conquer The World Of Insurance

The CIC covers the curriculum prescribed by the Canadian Council of Insurance Regulators in a comprehensive yet concise manner. You'll gain a comprehensive knowledge of the insurance industry, products and business.

Learn about:

  • Life insurance products including term life, permanent life, universal life
  • Disability, accident and sickness insurance
  • Investment products; common shares, debt securities and mutual funds
  • Underwriting, pricing, claims; life insurance applications, policies, the agent role
  • Taxation including planning, RESPs, solving tax problems
  • RRSPs, RRIFs, LIFs, LRIFs, Annuities
  • Risk management and needs analysis
  • Common, contract and tort law
  • Professional standards, responsibilities, regulations, Assuris and E&O insurance

What's Included:

  • Two textbooks ( volume 1 & 2 )
  • A 230-page workbook; every chapter includes key terms, client scenarios, exercises and quizzes
  • Online updates of course material on the CSI website
  • Access to assistance from CSI's academic support specialists
Approximate Hours of Study**
Hours of Study 95 - 145 hours

** In order to provide some guidance to course participants as to the length of time it will take to be sufficiently prepared to write the final examination, CSI has prepared this estimate of the number of hours an average participant could possibly expect to spend studying for a course. Please note that these are only recommended hours of study developed based on research and our course content, however, this does not mean that some students with exceptional backgrounds would not take less time than recommended or that students with no background at all in finance or economics would not take longer than the maximum.

COURSE ASSESSMENT

There are two exam options offered for this course, corresponding to the LLQP regulatory requirements you may be pursuing:

  • CICF - Full Version Exam
  • CIAS - Accident and Sickness Exam (A&S)

Your first attempt at one of these exams is included in your course fee, and you need a score of at least 60% to pass the course (there are no assignments). If necessary, you can have up to three attempts at the exam.

If you plan to sit for a LLQP regulatory exam, you must first complete the corresponding Canadian Insurance Course exam. Completion of the CICF entitles you to write the full LLQP exam. Completion of the CIAS entitles you to just write the A&S LLQP exam. The full LLQP exam leads to a full life licence that also includes A&S.

You have up to one year after successfully completing your course to sit for the corresponding LLQP exam. However, it is recommended that you sit for the corresponding LLQP exam soon after successful completion of the CIC exam, as your knowledge and understanding of the subject matter will be fresh and current.

EXAM WEIGHTINGS (Full Version Exam)
(weightings are approximate)
 
Individual Life Insurance Products 17%
Individual Disability and Accident and Sickness Insurance Products 14%
Group Insurance Products 12%
Investment products 15%
Underwriting, Issues and Claims 8%
Taxation 5%
Retirement 11%
Needs Analysis and Risk Management 8%
Common/contract law statutes 4%
Professional Standards 5%
EXAM WEIGHTINGS (Accident and Sickness Exam)
(weightings are approximate)
 
Individual Disability and Accident and Sickness Insurance Products 43%
Group Insurance Products (last section only) 7%
Underwriting, Issues and Claims 30%
Common/Contract Law Statutes 5%
Professional Standards 15%
EXAM INFORMATION  
Exam 1
Exam Format Paper or Computer Based
Exam Duration 3 Hours (Full Version Exam)
2 Hours (Accident and Sickness Exam)
Question Format Multiple Choice
Questions Per Exam 130 (Full Version Exam)
60 (Accident and Sickness Exam)
Attempts Allowed Per Exam 3*
Passing Grade 60%
Assignments None
ENROLMENT PERIOD  
Enrolment Period 1 year
COURSE COMPLETION NOTICE AND WALL CERTIFICATE

On successful completion of this course you will be able to download a Notice of Course Completion available through your student profile. This will remain on your profile as formal indication of course completion.

CSI will mail you a wall certificate within 4 - 6 weeks of course completion. If you would like to purchase a frame to display your certificate please click here. Please ensure that your First and Last Name on your profile match your First and Last Name on your Government Issued Photo identification - this will ensure you receive an accurate certificate.

CSI will be pleased to issue an Honors Certificate to all students who obtain a final course mark of 85% or higher.

*There is no charge for your first attempt at a paper-based exam within Canada, as long as it's at a regular exam center and you provide a minimum of 14 days notice before the date that you want to write the exam. If you would like to write a computer-based exam, an additional fee will be required.

Each subsequent paper-based exam attempt at a regular exam centre within Canada will also require an additional fee. This fee is in addition to any special, computer-based or international fees that may apply. You must provide a minimum of 14 days notice within Canada at a regular exam centre and 4 weeks notice for all other centres. Please note that the date of the exam is not part of any notice period.

†Please note: Access to your online materials will close 2 weeks after successful course completion or course expiry (whichever comes first). This course can be extended by 1 year provided you have not exceeded the attempts allowed for each exam. You can view CSI extension fees here. Your enrolment period can only be extended one time.

Important: During a student's enrolment period, CSI may update this course. In that case, details about the update and how it may affect students will be posted online via My CSI. Students are held responsible for and are examinable on the content in the course textbook(s) provided at the time of enrollment unless stated otherwise in My CSI. Students are encouraged to check My CSI regularly throughout their enrolment period.

Continuing Education (CE) Credits

Click the links below or the buttons at the top of the page on the right side to access CE accreditation information. To search for specific course information, press Ctrl + F and then enter the course name to search the document for the information you are interested in.

National/Provincial (Excluding Quebec)
Download CE Chart (PDF, 163 kb)

Quebec (IQPF/CSF)
Download IQPF/CSF Chart (PDF, 182 kb)

Please note: While CSI makes every effort to ensure that the information is up-to-date, we are unfortunately unable to fully guarantee its accuracy. The information listed in the charts above may be subject to change.

For details on the organizations and other information on CE Credits listed in the above charts, please click here.