Fundamentals of Insurance & Level 1 Licensing

Get your BC General Insurance Salesperson License. Comprehensive training for ICBC Autoplan and General Insurance essentials in Surrey BC.

📖 Comprehensive Study Material

🎯 Practice Tests Available

🏆 Industry Recognized

Learn More 📞 Call 604-825-8882

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Insurance Professional Image

Sample Insurance Exam Questions

Review these sample questions to understand the format of the Level 1 exam.

1. What is the primary function of insurance?

Answer: To spread risk among a large number of people. It transfers the risk of financial loss from an individual to an insurer.

2. In BC, who regulates insurance agents and salespersons?

Answer: The Insurance Council of British Columbia. They are responsible for licensing and regulation.

3. What does "Indemnity" mean in an insurance contract?

Answer: To place the insured back in the same financial position they were in prior to the loss, without profit.

4. What is the role of an Insurance Broker?

Answer: An independent business person who acts as an intermediary between the client and the insurance company, representing the client's interests.

5. Which coverage is mandatory for all vehicles in BC?

Answer: Basic Autoplan coverage provided by ICBC, which includes Third Party Liability, Accident Benefits, and more.

Want to test your full knowledge? Try our interactive quiz below.

Course Overview

Build a solid foundation in insurance principles with Surrey BC's premier training institute

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Comprehensive Curriculum

Cover all fundamental aspects including insurance contracts, legal liability, property insurance, and government regulations in the insurance industry.

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Expert Instruction

Learn from experienced insurance professionals who understand the BC insurance market and industry requirements.

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Career Ready

Gain practical knowledge that prepares you for entry-level positions in insurance agencies, brokerages, and related fields.

What You'll Learn

Insurance Fundamentals

5 Functions of Insurance
Definition and Components
Types of Insurers
Risk Management Principles

Insurance Contracts

Contract Elements
Unique Insurance Contract Features
Policy Modifications
Risk Management Methods

Government Role

Regulatory Framework
Fire Policy Basics
Statutory Conditions
Solvency Requirements

Insurance Process

Broker Duties and Responsibilities
Underwriting Process
Claims Adjustment
Risk Assessment

Property Insurance

Common Policy Characteristics
Coverage Types
Exclusions and Conditions
Claims Settlement

Specialized Coverage

Homeowner's Insurance
Commercial Property
Auto Insurance (ICBC Autoplan)
Liability Coverage

Practice Tests

Test your knowledge with comprehensive practice quizzes based on the course material.

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Test 1: Foundations & Contracts

Chapters 1-4: Insurance basics, contracts, government role, and insurance processes

Questions Available Interactive Mode

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Test 2: Property & Specialized Coverage

Chapters 5-15: Property insurance, homeowner's, commercial, auto, and liability

Questions Available Interactive Mode

Why Choose RupIELTS Institute for Insurance Training?

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Surrey BC's Premier Institute

Established training center with proven success in professional development

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Experienced Instructors

Learn from industry professionals with real-world insurance experience in BC

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Convenient Surrey Location

Easily accessible location in Surrey BC with flexible scheduling options

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Practical Focus

Curriculum designed to meet real industry needs and BC regulatory requirements

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Students Studying Insurance Materials

Frequently Asked Questions

Who should take this course?

Perfect for individuals looking to enter the insurance industry, current insurance professionals seeking to formalize their knowledge, or anyone interested in understanding insurance fundamentals.

What career opportunities does this open?

Graduates can pursue roles as insurance brokers, agents, underwriters, claims adjusters, or customer service representatives in insurance companies and brokerages.

Are there prerequisites?

No prior insurance experience required. Basic business knowledge and strong English comprehension are helpful.

How long is the course?

Course duration varies based on format chosen. Contact us at 604-825-8882 for current scheduling options.

Ready to Start Your Insurance Career?

Join Surrey BC's leading training institute and build your future in the insurance industry

📞 Call 604-825-8882 Book Free Consultation

📍 112 - 8232 120 Street, Surrey BC V3W 3N4

⏰ Monday - Saturday: 9 AM - 6 PM