Licensing Information

Payment Information

Cheque or Money Orders are made payable to the “Insurance Council of Manitoba” and are only accepted in Canadian funds.

Fees are not pro-rated, regardless of when the licence was obtained, and must be paid in full.

Examinations

• $110.00 – All classes of Licenses
• Exam fees must be paid prior to booking an examination

Licenses

• Life Insurance Agent Licence: $150.00
• Accident & Sickness Insurance Agent Licence: $90.00
• General Insurance Agent/Broker Licence (all classes): $185.00 – Level 1, 2, or 3
• Insurance Adjusters Licence:
  • Assistant Adjuster Licences: $90.00
  • Adjuster Licences: $200.00
• Hail Insurance Agents & Adjusters Licence: $90.00
• Restricted Insurance Agent Licence:
  • 1 – 4 authorized persons: $150.00
  • 5 – 10 authorized persons: $225.00
  • 11 – 15 authorized persons: $375.00
  • 16 – 20 authorized persons: $500.00
  • 21 – 99 authorized persons: $700.00
  • 100 – 249 authorized persons: $1,500.00
  • 250 – 499 authorized persons: $3,000.00
  • 500 or more authorized persons: $5,500.00

Transfer, Amendment or Reinstatement

• $70.00 – For all Classes of Insurance

Continuing Education

Fees must be paid in advance and are not refundable

• Course Provider Accreditation Review: $200.00
• Individual Course Review: $50.00

List of Licensed Agents

• $150.00 – For all Classes of Insurance

Certificate of Authority / Non-Resident Endorsement Form, Duplicate Licence

• $70.00 – For all Classes of Insurance

Copies of or extracts from documents filed with or by the Superintendent, per page

• $1.00

Reinstatement of a licence after it is suspended under subsection 375(1) of The Insurance Act of Manitoba

• $250.00 – For all Classes of Insurance

NSF cheques or credit card chargebacks

• $20.00 – Must be paid with Cash, Money Order or Certified Cheque

Licensees must notify the Insurance Council of Manitoba in writing of any material change not previously disclosed within fifteen (15) days of such change, and attest to this within their application form.

Council considers a material change to include any material fact which may influence Council to amend or review a licensee’s licence(s). Listed below are examples of common material changes that may affect your licensing status. This is not an exhaustive list; when in doubt, please contact the ICM for clarification.

• Change in name (personal or business)
• Change in Operating Agent, Designated Representative or Designated Official
• Lapse of E&O insurance
• Disciplinary action from any other regulator
• Being Under Investigation by any Regulatory or Licensing Authority
• Criminal charges or convictions
• Other occupation or employment, or change in position
• Change in supervisor
• Defendant in court where fraud has been alleged
• Bankruptcy
• Dismissal for cause from an employer/sponsor
• Employee/agent changes: notice to come from the operating agent or designated representative
• Sponsor change
• Address change (residential or business)
• Contact Information (telephone or email) – Agency/Adjusting firm change
• Change to Class or Type of Insurance for RIA entities

Failure to report material changes to the Insurance Council of Manitoba office in writing could result in a Compliance review and potential disciplinary matter.

If you are unsure if your matter is required to be disclosed to the Insurance Council of Manitoba office, please contact our office via email at contactus@icm.mb.ca.

Section 371(7) of The Insurance Act of Manitoba, which related to “sole occupation”, was repealed under Bill 39. This has been replaced by a Conflict of Interest Guideline. All levels of insurance agents/adjusters may sell insurance full or part-time provided there is no conflict of interest. Prior to commencing any other occupation or employment, you must report the other occupation or employment to the Insurance Council of Manitoba. Upon review, if required, Council will be in contact with you to request detailed information regarding your additional employment.

The Council’s Conflict of Interest Guidelines are best understood in this overall context. They represent legitimate, good faith efforts to regulate the privilege of carrying on business as an insurance agent/adjuster in the Province of Manitoba. As with its other rules and procedures, the Council discharges its statutory function in a manner that is consistent with the paramount objective of providing for consumer protection and the priority of policy-owner interests. Part of this process entails developing safeguards to limit the range of circumstances where there arises the possibility that a consumer will be subjected to a form of undue influence. That policy objective involves the need to restrict the licensing of individuals who also work in certain occupations.

The resulting limitation on the privilege of carrying on business as an insurance agent/adjuster is neither discriminatory nor arbitrary. To the contrary, it simply reflects the reality that people working in certain occupations enjoy a relationship based on a number of factors which could give rise to the possibility of an undue influence situation. Such factors include, but are not limited to:

• a position of trust and integrity where significant deference is afforded;
• a position of authority;
• an ability to assert power or authority, or to award or curry favour;
• independent access to information and data which would not otherwise be readily available.

Ultimately, as with all potential conflict of interest scenarios, the Council must be concerned not only with actual conflicts but also with potential, apparent or perceived conflicts.

The restricted occupations MAY include, but are not necessarily limited to, those who could be considered capable of using undue influence, most notably, an officer or employee of a deposit-taking institution or those involved in lending money (banks), doctors, nurses, other health care professionals, lawyers, accountants, law enforcement officials, immigration consultants,  members of the clergy and government employees. Agents/Adjusters also should not directly occupy office space with any person engaging in a restricted occupation.

On occasion, the ICM receives inquiries about Council’s interpretation of section 391 of The Insurance Act (the “Act”), which deals with how licensed agents or adjusters may hold themselves out to the public. Section 391 of The Insurance Act says:

“Holding Out 391 

Any person who, not being duly licensed as an agent, a broker, or an adjuster, represents or holds himself out to the public as being an agent, broker, or adjuster, or as being engaged in the insurance business, by means of advertisements, cards, circulars, letterheads, signs or other methods, or being duly licensed as such an agent, broker, or adjuster, advertises as aforesaid or carries on such a business in any other name than that stated in the licence, is guilty of an offence.“

Essentially, there are three broad aspects to holding out obligations under section 391:

1. Any unlicensed person must not present themselves (hold out) as an agent/adjuster to members of the public. For example, a former licensee must not hold out as an agent/adjuster if their licence has lapsed, expired, been suspended, or has been cancelled; this includes all aspects of carrying on the activities of an agent/adjuster, including giving advice.

2. Advertising is also captured by section 391. If a person is no longer licensed, they must not hold out as an agent/adjuster through advertising to members of the public. Social media ought to be amended to reflect their status as a former agent/adjuster to eliminate confusion with members of the public as to their licensing status.

3. If duly licensed, any agent/adjuster who presents themselves as representing an agency or adjusting firm for which they are not licensed is guilty of an offence.

Therefore, in all advertisements, cards, letterheads, signs, or other methods, an agent/adjuster must clearly identify the agency’s or adjusting firm’s legal and/or trade name(s) as specified on their licence(s) as issued by the ICM.  Use of an agency or adjusting firm name for which the agent/adjuster is not licensed would be a violation of section 391.

If agents/adjusters wish to begin using a new name different than that listed on their current licence(s), they may then need to either amend their current licence(s) to include the new name, or apply for a supplementary licence under that new name. This could allow the agent/adjuster to hold themselves out under all of the desired names.