Application for Surrender of an Insurance Agent Licence Financial Services Commission of Ontario 5160 Yonge Street, Box 85 Toronto ON M2N 6L9 Approved by the Superintendent of Financial Services pursuant to the Insurance Act Instructions --2025

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An individual must have their license before providing insurance-related services, even if they have finished their education and have an employment contract.
Keeping your insurance license is straightforward once you obtain it and stay active with it. Most states will let you transfer it over hassle-free as long as you fill out any paperwork they request. Get in touch with your new states department of insurance as soon as possible for the details of this process.
You cant register a vehicle in any province without a drivers licence. You have to get a drivers licence to buy auto insurance and to get an accurate quote. There are no exceptions to this rule, as you cant drive at all without a valid licence.
Clearly explain your reasons for leaving. Focus on the issues rather than personal attacks. For example, say, We need more proactive communication and support, which we feel were not currently getting. Thank them for their service and recognize any positive experiences youve had.
OTL: Insurance Agent Licences Before you can become a licensed insurance agent, you must pass your OTL exam. We can help you prepare with OTL training.
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The fee to apply for a new general licence is $150. This fee will cover the first two years of your licence. Depending on the arrangement you have with your sponsoring insurer, the insurer may pay the fee OR you may be responsible for paying this fee. Check with your sponsoring insurer for details.
How to become an insurance broker in Ontario Earn a high school diploma. Consider pursuing postsecondary education. Prepare for the Level 1 Insurance Brokers Association of Ontario (IBAO) examination. Pass the industry exam. Apply for jobs. Apply to become a general insurance agent. Apply for the Level 2 IBAO examination.