Tag Archives: insurance council of manitoba

Ready for your Upcoming CAIB / CPIB Exam??

Education, , , , , , , , , , , ,

Happy Halloween Everyone!

Scary Halloween Fact for the Day – The upcoming CAIB and CPIB exams are a mere 34 days away!! Have you been on top of your studying for your exam? Don’t worry… if you are nervous about the exam, you are not alone.

IBAM wants to help ensure that you have the best possible chance at success. Are you struggling with a chapter that you missed a discussion group class for? Preparing for the exam via Self-Study and are unsure of the exam format? Working on a rewrite and want to bounce ideas off someone to ensure that you are giving yourself the best outcome? If so, you should thing about registering for one (or all) of the upcoming Study Group Sessions being held at the IBAM office located at 205-530 Kenaston Blvd in Winnipeg.

Study Group Poster

These sessions are informal group work periods where an accredited CAIB and CPIC facilitator will be on hand in a quiet environment to help you with any questions or problems that you may be encountering. The cost is $30 per session and is payable by Visa, MasterCard and Company Cheque.

The upcoming session times are:

Session Schedule

To register for these session, select the registration form below and once it is complete you can send it to Katrina Hueging at the IBAM office. If you have any additional questions about the Study Sessions, please feel free to contact the IBAM office at 204-488-1857.

Study Group Registration Form

Best of luck on your exam!

Waiting 2 years to take CAIB 4…

General Knowledge, , , , , , , ,

I’ve heard I need to wait 2 years after getting a Level 2 General Insurance License before I can take CAIB 4 – is that True?

Absolutely not! Completing your CAIB (Canadian Accredited Insurance Broker) designation and earning a Level 3 General Insurance License are linked by only in a small way.
The Insurance Council of Manitoba (ICM) does require that a broker has their Level 2 General Insurance Brokerage for at least 2 years before they can be granted a Level 3 license.  This is to help maintain the professionalism of the insurance industry by ensuring that a person has a minimum of 2 years of insurance experience before being granted a license that would permit them to own and manage their own brokerage.

The completion of your CAIB designation can, alternately, be done as quickly or as slowly as you would like.  I have seen people complete all 4 exams in under a year which I think is crazy but they were up for the challenge.  You will receive your CAIB certificate and can begin using the designation once all 4 exams are successfully passed.

If you do the accelerated method of earning your CAIB’s, ICM will note in their system when you have earned your Level 2 General Insurance License.  Once 2 years has passed, because IBAM has already notified them of your successful completion of CAIB 4, your license will be automatically upgraded to a Level 3 license.

So this means… Go for it!!  You can always be working towards your designation as education should be a big goal of any insurance broker professional.  You just can’t own or manage your own insurance brokerage at this time but there is plenty of time for that – these are the years for you to be learning all you can about the industry.